Why is Flux (FLUX) crypto rising?

Be the First to Comment Read

Why is Flux (FLUX) crypto rising?

Follow us on Google News:
 Why is Flux (FLUX) crypto rising?
Image source: © Yur4you | Megapixl.com


  • Flux claims to be a new-gen, scalable decentralized cloud infrastructure that allows users to build and operate their applications on different servers at once.
  • The token is listed on major crypto exchanges like KuCoin, Hotcoin Global, etc.
  • FLUX returned more than 984% gains over the past 12 months.

The Flux (FLUX) crypto price rose by more than 9%, while the trading volume surged over 148% in the 24 hours to Tuesday morning. The FLUX token has been drawing attention lately.

The crypto market has recovered considerably from its persistent dip last month. The Russia-Ukraine crisis has accelerated the volatility in the market.

On Tuesday, the global crypto market was up 1.53% to US$2.16 trillion at 7:28 am ET, while its volume surged 9.53% to US$120.93 billion at the same time.

Also Read: Corebridge Financial IPO: Know key details of AIG's retirement business

What is Flux (FLUX) crypto?

Flux claims to be the new-gen, scalable decentralized cloud infrastructure that allows users to develop and operate their applications on different servers at once. Its ecosystem is a fully-operational suite of decentralized computing and blockchain-as-a-service solutions, which provides an interoperable, decentralized, and AWS-like development system.

The decentralized Flux network is highly flexible. Its nodes are collateralized and operated by its node operators. FLUX is a native GPU mineable proof of work (PoW) coin that enables network growth, incentivizes users, and on-chain DAO governance. Its staking requirements for running hardware prevents threats from bad actors.

Flux’s node operators are rewarded with FLUX coin. In addition, operators can earn other cryptos by hosting specific decentralized applications (DApps) on their nodes.

Also Read: What is EOS crypto as its token’s trading volume rockets nearly 400%?

Why is it rising?

Tuesday’s Flux crypto rally follows its announcement about its listings on two leading crypto exchanges. Also, the overall advances in the market may have bolstered gains.

Flux said that the Swyfttx crypto exchange listed its coin on Tuesday. People can now buy, sell, and trade the crypto on Swyfttx. Flux said that the Binance US also listed the token in its exchange with both Flux- BCS and ETH pairings.

The token is also listed on exchanges like KuCoin, Hotcoin Global, BingX, etc.

Also Read: Why is GoCryptoMe rising? GCME crypto’s trading volume up over 4,000%

Flux (FLUX) crypto price and performanceSource: *Data provided by CoinMarketCap.com

Bottom line:

The FLUX coin was priced at US$1.86 at 8:09 am ET on March 29, up 9.90%, while its one-day volume jumped 148.18% to US$52.42 million. Its max supply is 440 million, and its current circulating supply is over 229.97 million.

It has a market cap of US$427.24 million, and its fully-diluted market cap is US$817.41 million. FLUX gave a return of 984.92% over the past 12 months.

Also Read: What is Zilliqa (ZIL) crypto and why is it rising?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


Featured Articles