Flamingo Finance, currently ranked as the 421st largest cryptocurrency by market capitalization, has been making waves in the crypto community.
Over the past three days, its price has more than doubled, accompanied by a surge in trading volume. The asset has not only caught the attention of traders but has also become a hot topic of discussion on Twitter and other social media platforms.
Source: Santiment – Start using it today
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Updated Price Performance
As of the latest data, Flamingo Finance (FLM) is trading at $0.082239, marking a 17.3% increase in the last 24 hours. The asset has seen a 41% price hike over the past week. The 24-hour trading volume stands at a staggering $179,396,009, representing a 332.20% increase from just a day ago. The market cap is currently valued at $41,811,039.
Source: CoinStats – Start using it today
Flamingo Finance reached its all-time high of $1.59 nearly three years ago on September 28, 2020. In contrast, its all-time low was recorded just 20 days ago at $0.04814071. The current price represents a 70.82% increase from this low point.
What is Flamingo Finance?
Flamingo Finance is a decentralized finance (DeFi) project that aims to facilitate asset management and decentralized trading. It has a circulating supply of 512,111,067 FLM tokens. The project has a Total Value Locked (TVL) of $30,688,060 and a Fully Diluted Valuation (FDV) of $41,811,062.
The community sentiment towards Flamingo Finance is overwhelmingly positive, with more than 68% of users expressing bullish views on the asset. This positive sentiment is further supported by its recent outperformance against the global cryptocurrency market, which is down by 4.30%.
Several factors could be contributing to Flamingo Finance’s recent price surge. One possibility is the increased attention the asset has received on social media platforms, particularly Twitter, where discussions around its potential have been rampant. Additionally, the asset’s strong fundamentals, including its Total Value Locked (TVL) and Fully Diluted Valuation (FDV), may have caught the eye of savvy investors.
Market sentiment is also overwhelmingly positive, with more than 68% of the community feeling bullish about the asset. Furthermore, the project may have rolled out new features or partnerships that have yet to be fully priced in. In a market that’s largely in the red, Flamingo Finance seems to have struck the right chord with investors, making it a standout performer.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com