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Cryptocurrency Report.

One Cryptocurrency Trading Above the Support Levels- Flow (FLOW)

13 February 2025

FLOW
Investment Type
Crypto
Risk Level
Action
Rec. Price (US$)

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Flow (FLOW) is a cryptocurrency built for fast and efficient digital transactions. Developed by Dapper Labs, the company behind popular decentralized applications (dApps) like CryptoKitties and NBA Top Shot, the Flow network is designed to support high-performance blockchain applications. FLOW has a market capitalization of ~USD 836.30 million (as per TradingView as of February 13, 2025).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index opened on a negative note and remained under bearish pressure throughout the week, declining by 676.21 points (~11.03%) to close at 5,456.38 on February 7, 2025. However, as the new week begins on February 10, 2025, the index is showing positive momentum. Additionally, major cryptocurrencies like Bitcoin and Ethereum are also experiencing bullish trends, contributing to the overall market optimism.

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