7/27/2023 0 Comments Flux crypto 2022![]() What Is FLUX Used For?įLUX is the native cryptocurrency for the Flux ecosystem. FLUX wasn’t spared the market slump caused by the Terra LUNA crash, dumping hard from $1.22 on May 8 to a low of $0.61 on May 18, 2022.Īfter a slight pump back above $1 in September 2022, FLUX retreated to the $0.40–$0.60 support level, where it’s remained since then. Thereafter, the price began a gradual decline. In the mini-bull run of late 2021, FLUX experienced one of its biggest price pumps, rising from $0.37 on October 1 and breaking through $1 in November to hit a high of $2.76.Īfter a slight price correction in December 2021, Flux’s bullish momentum continued, with news of its listing on Binance driving the token to its ATH of $3.33 on January 3, 2022. However, things began to pick up in April 2021 as FLUX's price increased gradually. From 2019 to early 2021, there was barely any movement on FLUX’s price chart. The price then corrected in May, finding support around $0.08, where it remained for many months. FLUX PriceĪfter entering the market at $0.03 in August 2018, FLUX remained largely below $0.07 until April 2019, when a short spike sent it up to $0.218. ![]() Initially known as ZelCash, which was a fork of Bitcoin through ZCash, the project rebranded into Flux in March 2021 and the token ticker changed from ZEL to FLUX. Flux aims to make life easy for developers by providing them with a simple, decentralized infrastructure running on FluxOS, a second-layer API-backed computational network that operates in an efficient, optimal and safe manner. With Flux, users can deploy DApps, become node operators, stake FLUX, access decentralized file storage, and mine FLUX and Flux parallel assets across chains using GPU hardware. PoUW utilizes the energy expended in securing the blockchain to concurrently solve real-world problems. The Flux blockchain operates on a sustainable proof of work (PoW) consensus mechanism known as proof of useful work (PoUW) to solve real-world problems with an ASIC-resistant hashing algorithm. As a gateway to web3, Flux provides DApp builders with an enterprise-grade node infrastructure, the FluxOS cloud computing system, a self-custody multi-asset wallet, and a blockchain app suite for multi-chain parallel access to DeFi. In fact, Flux is ramping up development significantly, thanks to a backing by a major tech player.FLUX is the native cryptocurrency powering the Flux ecosystem, a BaaS (blockchain-as-a-service) solutions provider consisting of a scalable decentralized cloud infrastructure network. This week, it’s not slowing down on this pace in the slightest. The Flux crypto is obviously going through massive changes for the better. Flux Crypto Inks Partnership With Nvidia on Development Three months ago, Flux was not even among the top 500 crypto projects by market capitalization today, it is the 122nd-largest crypto, and one of the largest of the Web 3.0 movement, with its $500 million market cap. It’s also rapidly becoming a frontrunner when it comes to Web 3.0 crypto projects. Indeed, the coin is posting gains of over 800% since October of last year. The Flux crypto has been astonishing investors for a few months now. InvestorPlace - Stock Market News, Stock Advice & Trading Tips This makes apps accessible anywhere and at any time. Anybody can operate a node, and they’re spread all over the world. The network also guarantees competitive speeds to these tech giant services user-run FluxNodes support the infrastructure underlying these services. Using Flux, one can deploy containerized apps and oracles, host servers and store files. ![]() The cloud software outfit offers a suite of products that compete with the offerings of that of Amazon Web Services, but with the added bonus of being decentralized. The Flux (FLUX) cryptocurrency logo on a white piece of fabric.įlux is a project that wants to challenge the web service products of tech giants like Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL).
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