#XAI Flare experienced large price surge in last 24 hoursDisclaimer:🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. Flare (#FLR ), the native token of the #FlareNetwork , an EVM-based layer-1 that provides developers with high-integrity data from other chains and the internet, experienced a large price surge in the previous 24 hours. #Flare rose as much as 20% before experiencing profit-taking.Flare experienced a significant spike on Jan. 15, shortly after the news of its major partnership emerged.Flare has announced the addition of Google Cloud as an infrastructure provider, acting as both a network validator and contributor to the Flare Time Series Oracle (FTSO) on the Flare network. This implies that it will retrieve data from external sources and send it to the FTSO system, as well as offer Flare smart contracts with decentralized data feeds.Presently, 100 organizations are adopting the new combined role of validator and contributor to the FTSO on Flare, supporting both the security of the Flare network and Flare's decentralized price oracle, the FTSO, with publicly available pricing data.FLR/USD daily Chart, Courtesy: TradingViewFLR subsequently produced a massive green candlestick on Jan. 15,  rising to highs of $0.0246 from lows of $0.017.At the time of writing, Flare had given up all of its gains, only up 2% in the last 24 hours to $0.02.According to #CoinMarketCap  data, Flare (FLR) trading volume has increased by 400% in the last 24 hours, hitting more than $110 million. This implies increased market activity and interest in the coin, as more investors purchase and sell FLR across exchanges and platforms.This surge in trading interest may also have contributed to FLR's price increases over the last 24 hours.

XRP is joining Flare Network, and this update has pushed up the price of FLR. Today, Flare (FLR) is experiencing a bullish surge following the announcement by its co-founder, Hugo Philion, about the integration of XRP onto its network.
As of now, the price of FLR has risen by 7.1% in the last 24 hours, reaching $0.03175. Over the weekend, the price even saw growth of up to 10% as investors considered the impact of XRP on the protocol.
Integration of XRP on Flare Network: Philion’s Determination

Despite their close ties to Ripple Labs, Flare (FLR) and XRP have lacked unique interoperability methods, a lingering integration issue. However, Hugo Philion and his team are now committed to addressing this challenge.

Philion announced on his official X page that “FXRP will enable XRP to come to Flare and also other ecosystems through LayerCake.” FXRP will function as wrapped XRP on the Flare network, enhancing the protocol’s flexibility for developers. The LayerCake protocol empowers Flare developers to create decentralized applications (dApps) that can seamlessly connect users with broader ecosystems, showcasing the innovation of the oracle provider.
Although Philion did not disclose the exact timeline for integration, the community is already buzzing with excitement. The prospect of FXRP and LayerCake has sparked significant anticipation among users, highlighting the eagerness for enhanced interoperability and versatility within the Flare ecosystem.
Strategic Partnership: Flare Network and XRP
Flare Network operates as an independent ecosystem within the broader digital currency landscape. However, the recent collaboration with XRP arrives at a strategically significant moment amid the cryptocurrency’s rapid evolution.
Following Judge Analisa Torres’ ruling last July, XRP stands as the sole altcoin officially recognized as a non-security by law. This distinction is particularly noteworthy as the SEC continues to engage in legal battles that classify many top tokens as investment contracts. Therefore, Flare Network stands to benefit significantly from completing the integration with XRP, providing a valuable hedge amidst regulatory uncertainty.
According to Philion, the integration will enable Flare to deliver decentralized data to Hooks-enabled protocols on the XRP Ledger. This functionality promises to enhance interoperability and expand the utility of both Flare Network and XRP within the digital currency ecosystem.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Flare #FLR

Flare Networks, the company behind the FLR cryptocurrency, has seen its token price surge over 94% since the start of the year. According to X user Eunice D Wong (@Eunicedwong), this price breakout comes on the back of Flare’s recently announced partnership with tech giant Google.

Eunice D Wong’s Optimism
On January 15th, Wong tweeted that FLR had “broke out of resistance” and was up 94% since her entry price. She credited the newly unveiled Google partnership as the catalyst behind FLR’s rally:
“The news was big when they announced partnership with Google. Expecting higher grounds from here.”
Details on The Google Partnership
More details on the potentially transformative Google deal were shared in Flare Network’s January round-up newsletter, as highlighted by X user Flareboy Kim (@Lim1975Kim) on January 31st.

The newsletter revealed that Google Cloud was brought on board as one of over 100 supporting infrastructure providers. It also covered upcoming Flare events, such as the Flare [DEV] Meetup in Denver on February 28th and the ETH Oxford hackathon from March 8-11th.
Impact on FLR’s Market Value
The impact of the Google Cloud partnership on FLR’s valuation has been immediate. On February 2nd, X account Golden Fleece (@SharpRam) shared their excitement as FLR crossed the $1 billion market capitalization threshold for the first time:
“BAM! $FLR has broken the 1 Billion Dollar mark! up over 400% from the low last year patience is being rewarded all on #FLR now.”
With FLR setting new all-time highs and increased adoption through deals with the likes of Google, the outlook seems bright for Flare Networks’ native token in 2024.

⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Flare #FLR

A large part of the money raised from token sales will be put back into the FLR ecosystem to help it grow. This move demonstrates a collective dedication to its development.
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Thanks to the commitment of early investors to extended vesting, restricted token sales, and reinvesting half of the funds, the FLR price has surged by 19%.

Early Investors Strengthen Commitment to Flare Ecosystem
In a recent blog post detailing the tokenomics for Flare, the ecosystem’s developers announced significant backing from early investors like Kenetic and Aves Lair. These investors have pledged to enhance their dedication to the blockchain by implementing various strategies.
As part of this commitment, these investors have agreed to extend the token vesting period beyond its original end date in 2024. Instead, they will now vest their tokens until the first quarter of 2026.
Additionally, a new agreement has been established to limit token sales to only 0.5% of the 30-day daily average volume. This restriction aims to minimize market volatility and prevent excessive liquidity of FLR tokens.
Early Backers Reinforce Commitment to Flare Ecosystem Growth
Early investors in Flare have agreed to reinvest half of the money earned from selling tokens over the next two years to help Flare grow. This commitment, which is worth about $35 million, shows that everyone involved wants to support the ecosystem for the long term.
Flare is teaming up with Kenetic to make decentralized finance (DeFi) even better. This partnership is all about finding new and innovative ways to use blockchain technology.

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Even though early investors will still get 2% of the tokens, there are some big changes happening. They’ll get fewer tokens upfront, and they’ll have to wait longer to get them. This shows that the founders and investors are on the same page about where Flare is headed.
Also Read:   Nearly Half of Big Crypto Giveaways Peak in 14 Days: CoinGecko
Flare, which started in 2020, is a blockchain platform that can work with other blockchains like the XRP Ledger. It can also do smart contracts, which are like self-executing contracts on the blockchain.
Since the news came out, the price of Flare’s token, FLR, has gone up by about 19%. Right now, it’s trading at $0.046.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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