Bullish FLM price prediction is $0.2805 to $1.1864.
Flamingo (FLM) price might also reach $2 soon.
Bearish FLM price prediction for 2022 is $0.0853.
In Flamingo (FLM) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about FLM to analyze the future movement of the cryptocurrency.
Flamingo (FLM) Current Market Status
According to CoinGecko, the price of Flamingo (FLM) is $0.205768 with a 24-hour trading volume of $6,434,942 at the time of writing. However, FLM has decreased by nearly 1.4% in the last 24 hours.
Moreover, Flamingo (FLM) has a circulating supply of 375,129,992 FLM. Flamingo (FLM) trades in cryptocurrency exchanges such as Binance, OKX, Gate.io, OKX, LBank.
What is Flamingo (FLM)?
The Flamingo token (FLM) is the reward token of the Flamingo platform. Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain. By supplying liquidity to the liquidity pools, users can earn the token. By casting a vote in the DAO, FLM token owners can influence the Flamingo platform’s governance.
Flamingo (FLM) Price Prediction 2022
Flamingo (FLM) holds the 347th position on CoinGecko right now. FLM price prediction 2022 is explained below with a daily time frame.
The above chart of Flamingo (FLM) laid out an ascending channel pattern. Ascending channel also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
Currently, Flamingo (FLM) is in the range of $0.2012. If the pattern continues, the price of FLM might reach the resistance levels of $0.2759 and $0.5797.If the trend reverses, then the price of FLM may fall to $0.1845, $0.1308 and $0.0896.
Flamingo (FLM) Support and Resistance Levels
The chart below shows the support and resistance levels of Flamingo (FLM).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Flamingo (FLM).
Resistance Level 1
Resistance Level 2
Resistance Level 3
Support Level 1
Support Level 2
FLM /USDT Support and Resistance Levels (Source: Tradingview)
The charts show that Flamingo (FLM) has performed a bullish trend over the past month. If this trend continues, FLM might run along with the bulls overtaking its resistance level at $1.1864
Accordingly, if the investors turn against crypto, the price of Flamingo (FLM) might plummet to almost $0.0853, a bearish signal.
Flamingo (FLM) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Flamingo (FLM) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of FLM lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Flamingo (FLM) is shown in the chart above. Notably, Flamingo (FLM) price lies above 50 MA (short-term), so it is in an uptrend. Currently, FLM has entered a bullish state. Therefore, there is a possibility of a reversal trend of FLM at any time.
Meanwhile, the relative strength index (RSI) of the FLM is 56.49. This means that Flamingo (FLM) is in an overbought state. However, this means a major price reversal of FLM may occur in the upcoming days. So, traders need to trade carefully.
Flamingo (FLM) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Flamingo (FLM). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Flamingo (FLM). Currently, the ADX of FLM lies in the range of 54.5913 and thus, it indicates a very strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Flamingo (FLM). RVI measures the constant deviation of price changes over a period of time. The RVI of FLM lies above 50, indicating high volatility. In fact, the RSI of Flamingo (FLM) is at 56.49 thus confirming a potential sell signal.
Comparison of FLM with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Flamingo (FLM).
From the above chart, we can interpret that the price action of FLM is similar to BTC and ETH . This indicates that when the price of BTC and ETH increases or decreases the price of FLM also increases or decreases respectively.
Flamingo (FLM) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Flamingo (FLM)might probably attain $3 by 2023.
Flamingo (FLM) Price Prediction 2024
With several upgrades in the network, Flamingo (FLM) might enter a bullish trajectory. If the coin grabs the attention of major investors, FLM might rally to hit $4by 2024.
Flamingo (FLM) Price Prediction 2025
If Flamingo (FLM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, FLM would rally to hit $5.
Flamingo (FLM) Price Prediction 2026
If Flamingo (FLM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, FLM would rally to hit $6.
Flamingo (FLM) Price Prediction 2027
If Flamingo (FLM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, FLM would rally to hit $7.
Flamingo (FLM) Price Prediction 2028
Flamingo (FLM) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, FLM would hit $8. in 2028.
Flamingo (FLM) Price Prediction 2029
If investors flock in and continue to place their bets on Flamingo (FLM), it would witness major spikes. FLM might hit $9 by 2029.
Flamingo (FLM) Price Prediction 2030
With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in FLM for the next 8 years and drive significant price rallies for the token. Hence, Flamingo (FLM) might hit $10 by 2030.
With continuous improvements in the FlamingoNetwork, we can say that 2022 is a good year for FLM. For this reason, the bullish price prediction of Flamingo (FLM) in 2022 is $1.1864. On the other hand, the bearish price prediction of Flamingo (FLM) price prediction for 2022 is $0.0853.
Furthermore, with the advancements and upgrades to the Basic Attention Tokenecosystem, the performance of FLM would help to reach above its current all-time high (ATH) of $1.59 very soon. But, it might also reach $2 if the investors believe that FLM is a good investment in 2022.
1. What is Flamingo (FLM)?
The Flamingo token (FLM) is the reward token of the Flamingo platform. Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain.
2. Where can you purchase Flamingo (FLM)?
Flamingo (FLM) has been listed on many crypto exchanges which include Binance, OKX, Gate.io, LBank.
3. Will Flamingo (FLM) reach a new ATH soon?
With the ongoing developments and upgrades within the Basic Attention Token Platform, FLM has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Flamingo (FLM)?
On September 28, 2020 Flamingo (FLM) reached its new all-time high (ATH) of $1.59.
5. Is Flamingo (FLM) a good investment in 2022?
Flamingo (FLM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token In the past few months, FLM is considered a good investment in 2022.2.
6. Can Flamingo (FLM) reach $2?
Flamingo (FLM) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Flamingo (FLM) will hit $2 soon.
7. What will be Flamingo (FLM) price by 2023?
Flamingo (FLM) price is expected to reach $3 by 2023.
8. What will be Flamingo (FLM) price by 2024?
Flamingo (FLM)price is expected to reach $4 by 2024..
9. What will be Flamingo (FLM) price by 2025?
Flamingo (FLM) price is expected to reach $5 by 2025.
10. What will be Flamingo (FLM) price by 2026?
Flamingo (FLM) price is expected to reach $6 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
StakeWise, a proof-of-stake app, will collaborate with Deutsche Telekom’s MMS.
Ethereum’s proof-of-work consensus method was replaced with a proof-of-stake model.
German telecom giant Deutsche Telekom, T-Mobile’s parent firm, has committed to operating a validator to facilitate staking on the Ethereum network.
The news was officially announced by the German telecoms firm on Thursday through a press release. According to the press announcement, “DT’s subsidiary, T-Systems MMS provides the Ethereum Network with infrastructure in the form of validation nodes.”
StakeWise, a proof-of-stake app, will collaborate with Deutsche Telekom’s MMS to manage a pool. Moreover, users may now take part in staking and transactions without the need for a central validator. Furthermore, this is aligned with Ethereum’s transition to Proof-of-Stake earlier this month, removing the need for miners and instead adding validators.
Dirk Röder, Head of Blockchain Solutions Center at T-Systems MMS says:
“Our cooperation partner StakeWise collects individual Ether tokens from many different owners and merges them into validator nodes. These validator nodes are provided and operated as infrastructure by T-Systems MMS. Staked Ether tokens remain available to the owner in this construct – liquid – and can be used in other Decentralized Finance (DeFi) applications.”
Furthermore, with the new validator, Stakewise anticipates an uptick in Ethereum Network usage and financial transactions. Moreover, also expressing his delight in the new collaboration was Kirill Kutakov, co-founder of StakeWise.
“We are [therefore] pleased that T-Systems MMS, as an infrastructure provider, is giving our protocol more reliability and making the Ethereum ecosystem safer overall.”
In addition, Deutsche Telekom will make more announcements, maybe even revealing a release date. Ethereum’s proof-of-work consensus method was replaced with a proof-of-stake model as part of The Merge, a technological update. Furthermore, Ethereum hopes to reduce its carbon footprint and pave the way for future scalability enhancements with this change.
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U.S. Trustee William K. Harrington filed paperwork with the court.
Harrington criticized Celsius’s timing for releasing the money.
Resuming withdrawals is a top priority for Celsius, but the company may have to wait since the U.S. Trustee Program (which regulates the management of bankruptcy proceedings) has concerns. Celsius sought approval to release $225 million from its custody program and withhold accounts. A U.S. Trustee Program official from the Department of Justice is now pushing back against that demand.
Objecting to Celsius’s intent to “reopen withdrawals for certain customers with respect to certain assets” held in custody and withhold accounts, U.S. Trustee William K. Harrington filed paperwork with the court.
Not Until Examiner Report Submitted
Harrington criticized Celsius’s timing for releasing the money. Furthermore, he continued, saying the company was asking to “impulsively distribute” assets without first fully comprehending its cryptocurrency holdings or how to move cryptocurrencies across accounts. Additionally, it would disregard the connection between the company’s financial sheet and creditors’ deposits of cryptocurrency.
Harrington further said that until an Examiner Report is submitted, Celsius shouldn’t be authorized to disburse money. Whether or if the corporation blends customer cash and the reasoning for an alteration to account options in April of 2022 will be included in that document.
Moreover, Harrington said it is hard to know how many creditors need to be paid, which crypto assets are due, and how much money is owed to them. Next, he cautioned that “inadvertently impact or limit distributions to other creditors” if the monies were released.
The court has not yet decided whether or not to overturn the U.S. Trustee’s objection, so clients’ withdrawals may be further delayed. Moreover, on October 6, there will be a hearing to explore the issue. Recently a stablecoin sale proposal of $23M by Celsius was objected to by Texas and Vermont regulators.
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A few hours after the lawsuit was filed, DGTX dropped 12% to a value of zero.
In October of 2018, DGTX hit a record high price of $0.16.
Digitex’s founder, Adam Todd, has been sued by the CFTC for allegedly operating an unlicensed exchange for crypto derivatives.
The CFTC claims that Digitex has “never been registered with the Commission in any capacity.” As part of its action against the corporation filed on Friday in the Southern District of Florida. The regulator also claimed that KYC processes and a customer information program (CIP) were inadequate.
Artificial Price Inflation
The commission also claims that Miami resident Todd pumped the exchange’s native token, DGTX, to other platforms. In an effort to artificially inflate its price.
CoinGecko reports that only a few hours after the lawsuit was filed, DGTX dropped 12% to a value of zero. In October of 2018, DGTX hit a record high price of $0.16. In April of this year, the token’s market cap hit a record high of $116,803,772.
DGTX was reportedly being traded on the DeFi cryptocurrency market Uniswap. And the India-based cryptocurrency trading platform CoinDCX, as indexed by CoinGecko.
The CFTC this Friday settled charges against the founders of bZerox and the bZx protocol for $250,000, citing “illegally offered leveraged and margin retail commodity transactions in digital assets.” Ooki DAO, which assumed administration of the bZx protocol in August 2021, was also hit with similar accusations by the CFTC.
CFTC Chairman Rostin Behnam, meantime, has made no secret of his opinion that Bitcoin would improve under the watchful eye of the commission. On Thursday, he predicted that Bitcoin’s value would “double” if it were traded in a CFTC-regulated market, arguing that the absence of such a market is the main reason many institutional investors have avoided including Bitcoin in their portfolios.
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The Rugby League World Cup (RLWC) 2021 is set to kick off with a match between England and Samoa men on 15 October at St James Park and conclude in Manchester with the wheelchair final on 18 November and the men’s and women’s finals in a spectacular double header at Old Trafford on 19 November.
For the first time in tournament history the men’s, women’s and wheelchair competitions will take place at the same time with all 61 matches set to be broadcast live on the BBC, with over 600 players and 32 teams taking part in fixtures across 17 host towns and cities and 21 stadiums across the country including London, Manchester, Newcastle, York, Leeds, Coventry, and Sheffield.
This year’s tournament, delayed from 2021 to 2022 due to the Covid-19 pandemic, will be the 16th edition of the Rugby League World Cup and world-renowned crypto exchange Coinex will be cheering on all the teams as the Exclusive Cryptocurrency Trading Platform partner of the tournament
Cryptocurrencies are playing an increased role in the sports industry and CoinEx are committed to making crypto trading easier, striving to become a gateway for global crypto users providing easy-to-use crypto products and pleasant, convenient crypto trading experiences.
Available in 16 languages, including Chinese, English, Spanish, French, and Portuguese, CoinEx offers products and services that span spot trading, futures contracts, margin trading, mining, AMM, CoinEx Dock, Pledging, etc. The exchange provides easy-to-use, secure, and reliable crypto trading services for over 3 million users across more than 200 countries and regions. Additionally, it features trading sections for BTC, BCH, and stablecoins, as well as 600+ first-rate, innovative cryptos, providing crypto users with more trading options.
Over the last year, CoinEx has earned user recognition with easy-to-use products, fast, stable performance, and smooth deposits/withdrawals.
CoinEx is now looking forward to witnessing the extraordinary performances of the competitors at RLWC2021 and being part of the biggest, best and most inclusive Rugby League World Cup in history.
President Benitez vetoed the bill, saying that mining is a waste of energy.
Paraguay may gain “new forms of employment,” as per Congressman Daniel Rojas.
Paraguayan legislators overrode the president’s veto this week on a key Bitcoin mining regulatory measure. On Wednesday, 33 senators voted against President Mario Abdo Benitez’s rejection of the law. To regulate Bitcoin mining in the South American nation.
Paraguay’s legislature passed a measure in July that will provide a transparent tax and regulatory structure for the mining industry. Then President Benitez vetoed it, saying that mining is a waste of energy with little job creation advantages.
Senators Offer Support to Bill
However, the decision this week demonstrates that senators are determined to regulate the sector. Which works illegally in the Latin American country now. Sen. Enrique Salyn Buzarquis, quoted in a press release from the country’s Congress, stated that it was “better to formalize” the sector so that taxes could be collected.
Paraguay may gain “new forms of employment,” according to Congressman Daniel Rojas. If the country established rules for the cryptocurrency business. Paraguay is becoming more appealing to Bitcoin miners, in large part owing to its inexpensive power, and lawmakers believe it has the potential to become a crypto powerhouse.
Bitcoin mining, the process of adding and confirming blocks of transactions to the public blockchain of the asset in question, is often performed on an industrial scale and hence requires a large number of computers, not to mention a substantial amount of power.
Paraguay is attracting interest from major crypto businesses that want to open offices there. Bitfarms, a Canadian mining behemoth, announced expansion into the nation last year, and the company has since signed a five-year lease and an annual renewable power purchase agreement to ensure 10 MW of green hydropower. The next phase for this legislation is the Chamber of Deputies of Paraguay.
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Shiba Eternity download day postponed to October 6, 2022.
Following the “Shiba Eternity” collectible card game update, which is an anticipated Shiba Inu (SHIB) burning mechanism, the SHIB burn rate has surged by 1867.60%. Meanwhile, the Shiba community postponed the game’s download day and rescheduled it on October 6 instead of October 1.
Shiba Inu is one of the popular memecoin while having a lower market capitalization than DOGE, but it is well ahead in terms of development. The feature to burn SHIB was introduced earlier this year. Data from the monitoring site Shibburn shows that the burn rate surged by around 4,000% in the previous week.
Continue Surge of SHIB Burn Rate
In September, the Shiba community burned about $1,743,878,414 SHIB using the SHIB Burn Portal by 382 transactions, and 410,381,404,462,435 SHIB have been burned from its initial supply. According to data from the Shibburn website, Within 24 hours $267 million SHIB has burned and there have been nine burn transactions to dead wallets.
Shiba Eternity was first made available on September 17 in Australia. Shiba Inu rose roughly 7% on September 17 and 18. However, recent details on the game’s launch may boost excitement. Moreover, there is no significant change in the SHIB price. At the time of writing, Shiba Inu traded at $0.000011 with a 24-hour trading volume of $280,760,792 and SHIB has a market cap of $6 billion, as per CoinMaretCap.