The launch of Crescendo Previewnet by Flow, introducing support for a peer-to-peer Ethereum Virtual Machine (EVM) environment, is a significant development. With EVM support, developers can now leverage existing applications and tools from the Ethereum blockchain to build on Flow. This could lead to increased adoption of Flow by developers familiar with Ethereum's ecosystem, potentially accelerating product development on the Flow platform. The easier integration with the Ethereum ecosystem may attract more investors and could pave the way for a substantial increase in the price of the FLOW token, possibly even reaching a 10x growth potential.

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