The Flux (FLUX) crypto soared over 14%, while its volume skyrocketed more than 249% in the last 24 hours to Tuesday morning. But before delving into its price rally, let’s discuss the Flux crypto first.
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What is Flux (FLUX) crypto?
Flux is a decentralized Web3 infrastructure-focused project. It offers a comprehensive product portfolio for developers to manage and build apps on multiple servers simultaneously.
Its ecosystem comprises a suite of decentralized computing and blockchain-as-a-service solutions, which it claims to provide an interoperable, decentralized, and AWS-like environment.
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FLUX is the native coin of the ecosystem. It is a GPU mineable proof-of-work (PoW) coin used to incentivize the hardware hosters, DAO governance on-chain, and bad actor mitigation through staking requirements to run hardware. The token is available on Binance, Bitget, BingX, etc.
It is an open-source, community-led independent project. It operates without any help from outside investors. It aims to stay independent while pushing for blockchain innovation.
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Why is it gaining attention?
Flux’s recent announcement about its collaboration with Terra may have triggered its price rally.
The partnership includes developing Terra on the Flux ecosystem, deploying Terra apps like Mirror and Anchor in its ecosystem, and launching the FLUX token on Terra.
The collaboration also includes making LUNA and other tokens compatible with the Flux wallet. Users would also be allowed to import any number of Terra tokens into the wallet.
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Data Source: CoinMarketCap.com
Bottom line:
The FLUX crypto was priced at US$1.62 at 8:22 am ET on May 3, up 14.44%, while its volume for the trailing 24 hours skyrocketed 249.54% to over US$178.81 million. It has a market cap of US$377.25 million, and its fully-diluted market cap is more than US$713.03 million.
The token’s max supply is 440 million, the total supply is 220.34 million, and its current circulating supply is over 232.79 million. It returned 20.57% gains in the last seven days.
The FLUX token saw the highest price of US$1.99 and the lowest price of US$1.27 in the last 30 days.
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