Flare (FLR) rises sharply after the Google Cloud integration
Flare (FLR) rises sharply after the Google Cloud integration
The price of Flare (FlR) rose sharply on Monday and reached maximum stalls that were last reached in June 2023.
of the native tokens of the EVM-based layer 1 blockchain Flare (FlR) is booming after today, Monday, January 15, 2024, a large ecosystem development was announced.
After FlR was traded at low-levels of $ 0.017 at the beginning of the day, it rose in double digits and reached maximum $ 0.023. The climb caused FlR to reach the prices that were last reached in early June 2023. If the upward trend continues, buyers could strive for resistance levels over $ 0.030 in May 2023.
The FLR token is a utility token that is used for payments, transaction fees and operations. The community can also delegate you to FTSO data providers as a wrapped flr (WflR). These can also be stacked up to enable governance votes
Why does the flare price increase?
The current price increase for flare (flr) takes place after the blockchain platform has announced that the cloud computing giant Google Cloud has joined its network as an infrastructure provider. Google Cloud is now one of the 100 flare network infrastructure providers.
Hugo Philion, co -founder and CEO of Flare said:
" As a blockchain for data, we are pleased that Google Cloud is joining our existing decentralized network of infrastructure providers who contribute to Flare. Our cooperation will help to provide a more robust decentralized smart-concept platform that focuses on decentralized data ."
As part of the collaboration, Flare joined the Google for Startups Cloud program, an initiative that aims to speed up growth in the entire web3 startup ecosystem. The program offers developers who build on Flare, financial and technical support.
At the time of writing, the FLR price was $ 0.021, which corresponds to an increase of about 24 % in the last 24 hours.
Source: Coinlist.me
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