The cryptocurrency Flux (FLUX) has shown a significant 24% increase over the past 24 hours. Let's look at the key events that affected the token's price and the market's reaction to the news.
Key Events
On September 2, Flux was included in the list of top 100 blockchain projects by the World Future Awards. The research and advisory group House of Chimera also recognized Flux as a project to watch, citing the growing demand for high-end graphics processing units from tech companies. Alongside other decentralized platforms like Akash Network and io.net, Flux is well-positioned to dominate in this area.
Market Reaction
On September 3, Binance, the world's largest cryptocurrency exchange by trading volume, added FLUX futures to its platform. The availability of futures enhanced the token’s liquidity and attractiveness among traders. As a result, FLUX price surged to $0.71, marking a substantial increase from its previous levels.
Outlook and Predictions
Despite the successful recovery of the token price to the $0.71 level, there is a possibility of correction, especially amid bearish predictions for Bitcoin (BTC). However, the coming months may be crucial for Flux, considering positive forecasts for project activities and market opportunities.
The significant price surge of Flux over the last 24 hours is tied to several key announcements and listings on major platforms. While the current market situation remains uncertain, the outlook for the cryptocurrency remains positive.
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