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Flare holds leading positions in the top 100 cryptocurrency list
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Flare holds leading positions in the top 100 cryptocurrency list

Jan 20, 2024

While the total market capitalization of cryptocurrencies tracked by CoinMarketCap shows a decrease of 0.3%, and most of the top 20 assets are in a downtrend, the cryptocurrency Flare (FLR) stands out with its impressive growth of 28% over the past week.

Yesterday, FLR, the key token of the high-performance Flare blockchain, increased its value by more than 10%. Over the last 24 hours, there has been a price increase on major spot exchanges, as well as a 60% increase in trading volume.

The continuous growth in the value of Flare (FLR) is due to significant partnership agreements in the infrastructure sector. Three days ago, Flare announced a collaboration with Google Cloud, which will provide infrastructure to support the network and invest in the Flare Time Series Oracle.

The Flare team also drew community attention by updating staking coefficients. Over the past two weeks, Flare enthusiasts have staked nearly 1 billion FLR, representing a 33% increase.

In addition, there is active discussion in the community about the possibility of including FLR in the list of tradable assets on Binance, one of the world's largest cryptocurrency exchanges. Many are confident in the potential of FLR being listed on Binance, considering its popularity on other leading centralized exchanges such as Gate.io, OKX, and KuCoin, where more than 50% of FLR trading is already processed.

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