Flow Blockchain recently secured a partnership with a Meta-owned social media platform, Instagram. In response to this achievement, the Flow (FLOW) crypto saw a spurt in its price. The Flow gains have not ceased even after about four days of the announcement. Investors and enthusiasts of this digital currency have been amazed by this development.
Overview Of Flow Gains And Instagram Partnership
The Flow price was up by 14.09% and traded at $3.07 at the time of writing on Monday, August 8, 2022. The market capitalization of the FLOW token stood at $3.12 billion, up by 14.09%. In addition to the Flow gains in price, the 24-hour trade volume of the crypto also surged by 152.19% to $497.58 million. This trade volume is about half of what it was on August 4, 2022, when the announcement of the Flow Instagram Partnership came in.
Today, the Flow price also recorded its 1-month high of $3.11, and the price movements remained pretty close to that price. It represents a whopping increase of 121% from its month-low of $1.36. At 4:00 a.m. on Monday, the crypto saw a notable bullish movement as it broke the record of the day-high that was earlier at $3.08. However, even though crypto gained recently, the industry experts believe that it would enter 2025 at $11.22 and increase slightly to $12.35. The low Flow price prediction rating was due to the continuous bearish sessions in the crypto market.
Last Thursday, Flow Blockchain announced its partnership with Instagram in a tweet that mentioned:
“Today’s the day 🥳
Our partnership with @instagram begins rolling out, which means select users can now connect their @hellodapper wallet and showcase their favorite NFTs directly on their account!
Access will be rolling out all month, so get ready for #FlowOnIG”
In a related tweet, it noted that this collaboration reflects how well they have been performing in the NFT sector. The tweet said:
“We’re excited to give everyone a new way to share part of who they are across @instagram.
This partnership reflects just how much Flow has resonated with developers, creators, and users by providing the right foundation to support consumer-scale NFT adoption.”
The subsequent flow gains made it one of the most trending cryptos on the leading crypto price-tracking website, CoinMarketCap. The Flow Instagram Partnership is expected to do wonders for NFT enthusiasts as they can promote their collections on the popular media-based social media platform.