Flow Hits New Low After NFT Trading Craters, Dapper Downsizes
Flow surged to prominence in early 2021 as NBA Top Shot led the charge for NFTs into the mainstream. But amid a significant decline in trading action on the platform and following recent layoffs from creator Dapper Labs, the blockchain’s native coin just set a new all-time low. Flow, the network’s eponymous native cryptocurrency, fell to $0.89 early this morning, marking a new low according to data tracked by CoinGecko. It has rebounded slightly to above $0.90, but Flow is still down 6% on the day, nearly 14% over the past week, and about 26% in 30 days. Bitcoin is up nearly 5% in the last month, while Ethereum has risen about 3% during the same span.
Source
https://t.me/nfts_defi_metaverse
