FLOW, the cryptocurrency that powers the NFT-focused Flow blockchain, has continued its strong rebound from the all-time lows it hit in June.
FLOW was last trading close to $0.75, up a further 4% on the day and up around 35% in the last seven.
At current price levels, the cryptocurrency has recovered an impressive 80% from its record lows of around $0.41 which were hit a few days after the US Securities and Exchange Commission labeled FLOW as a security in its dual lawsuits against Coinbase and Binance.
Helping the rebound has been a surge in trading volumes.
As per CoinGecko, FLOW has seen around $300 million in trading volumes over the past 24 hours.
Clearly, traders have been eager to buy the dip.
While FLOW is still below its 100 and 200-Day Moving Averages, suggesting the bearish medium-term trend isn’t over yet, the cryptocurrency is threatening a breakout above a key long-term downtrend from the August 2021 highs.
A break above here could open the door to substantial near-term gains, including a recovery back to the north of the $1.0 level.
However, sellers might see current price levels as attractive to add to shorts.
As a result, price predictions haven’t swung definitively bullish just yet.
Flow (FLOW) Alternative to Consider – yPredict (YPRED)
While FLOW has the possibility to do very well in the near future, crypto investors should always look to diversify their holdings.
Investing in low market-cap gems is one of the best ways for investors with a strong risk tolerance to generate high returns.
These low-cap gems are often up-and-coming web3 projects that are conducting a crypto presale.
One such presale that the team at Cryptonews is a big fan of is an AI project called yPredict.
The yPredict AI-powered market intelligence platform is building a first-of-its-kind, institutional-grade financial price prediction system.
Observers think the tool, which is built on yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease.
The best part, yPredict’s crypto price prediction system will remain free and open for all users to access – the price predictions will be made publicly available and require no login to see, the project’s Whitepaper explains.
But yPredict offers investors much more than just crypto price predictions.
The project is “building a cutting-edge crypto research and trading platform that provides traders and investors access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features”, the start-up says in yPredict’s Litepaper.
As AI continues to make waves in the crypto industry and beyond, projects like yPredict are expected to attract significant interest.
That’s why many industry observers are tipping AI cryptos like yPredict’s native $YPRED token, currently available via presale, to be amongst the next best-performing coins.
The $YPRED presale has been flying through the stages.
As of the 3rd of July, the project has raised more than $2.7 million.
Investors need to move quickly to get in ahead of the next price rise when the presale hits $2.98 million.
Visit yPredict Here
Credit: Source link
