A Youtube analyst with million subscribers lists what altcoin Flow (FLOW) needs to see a spike in price.
Attention to this altcoin project with giant partner
Flow (FLOW), a decentralized first layer Blockchain for games, apps and NFTs. Altcoin creates functional improvements directly at the protocol layer, allowing users to make payments and participate in the management of the network. Ecosystem partners include brands such as Warner Music, NBA, and Ubisoft.
These partnerships are not fully compatible with Flow, analyst raises some issues
Million crypto channel analyst “Guy” has Flow’s nearly two million YouTube subscribers says that their high-profile partnerships are not entirely positive for Blockchain:
The only problem is that Flow’s alignment with established players probably has almost no interest in partnering with crypto projects or even appealing to the crypto community. My proof is the lack of wallet support and the obvious lack of interoperability with any other cryptocurrency. Remember that Flow has hundreds of millions of dollars in its back pocket.
Flow’s native cryptocurrency, FLOW, has recently been caught in price woes like much of the crypto market. The 61st-ranked crypto by market cap is trading at $5.30 at the time of writing and has dropped more than 30% over the past month. The analyst says further progress with the crypto community could help boost the price of FLOW:
Currently, Flow is highly centralized. And as you no doubt know, centralization is often a risk for an unreliable network. Now having said all that, the Dapper Labs (developer of FLOW) team is aware of this and steps are being taken to further decentralize the network. My only hope is that more efforts are made to involve regular crypto users through additional integrations and wallet support. These two things alone may be enough to create the demand Flow needs to offset the sustained supply shock, and even lead to some serious gains.
A recent report by analytics firm Messari shows that users are switching from the Ethereum network to Solana, which offers lower gas fees, but Ethereum dominance remains.
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