🌟 The Crescendo migration on Flow is ramping up, and it's your cue to gear up for a pivotal network evolution!
👉 We're sharing this roadmap of the Testnet Crescendo upgrade process to help ensure you're prepped and primed for this significant leap forward. Here’s the key timeline you need to know:
🔹 Key Dates for the Testnet Crescendo Migration: May 22-23 - Stage 1 Time for you to focus on testing the transaction inspection logic. May 29-31 - Stage 2 Let's you delve deeper into refining your applications. June 5-8 - Stage 3 The final checks and preparation for the migration. June 12-17 - Stage 4 This final stage is crucial for ensuring all systems are go. June 19 - Full Testnet Network Upgrade
📖 You can read more about this in our latest article, Crescendo Migration: A Detailed Guide for Developers on Flow. You can also access a range of resources and tools to help with the migration process at the Cadence Migration Hub.
Based on our Flow price prediction for 2024, the FLOW crypto price might hit $1.98 by the end of this year.
According to our Flow coin price prediction for 2025, the future of Flow cryptocurrency is bright, and it might cross $2.32.
Our Flow price prediction for 2030 indicates that the Flow crypto might hit the maximum price level of $9.46.
Currently, the price of Flow coin is trading around $0.9089. Over the last week, the Flow token has registered a moderate fall of almost 3.50% in its value. Amidst the mixed trend, we can say that Flow crypto might recover and reach $1.98 by the end of 2024.
If you are looking for a Flow forecast, our in-depth analysis aims to answer your questions like, Does Flow coin have a future? Can Flow coin reach $100? Is Flow a good investment? Before we start with detailed Flow price prediction, let’s dive into the overview of Flow.
Filecoin Foundation launches Chinese legal inquiry into STFIL incident
Foundation senior fellow Danny O’Brien stated that the team has hired a lawyer and is attempting to determine whether police are holding the missing funds.
Filecoin Foundation launches Chinese legal inquiry into STFIL incident
Filecoin Foundation, a nonprofit that promotes the development of Web3 storage protocol Filecoin, “has a lawyer in China” and is investigating the reported detention of Filecoin Liquid Staking (STFIL) team members, according to an April 13 social media post from foundation senior fellow Danny O’Brien.
Withdrawals from the STFIL protocol stopped working in early April after a developer wallet made several unscheduled upgrades and moved $23 million worth of Filecoin (FIL) tokens to an address whose owner is unknown. On April 8, the STFIL team announced that core technical members was detained by local Chinese police and that the mysterious upgrades and transfers had occurred during these detentions. This announcement left many users of STFIL wondering how they could recover funds.
In the post, O’Brien stated that “FF has a lawyer in China who has been looking into the incident,” adding that the foundation has “high confidence” that members of the STFIL team are in police custody. The foundation has not been able to confirm whether the police possess the funds, but they expect to know this information in “upwards of a week.” The foundation plans to allow its attorney to represent all staking providers and leasers in any court proceedings related to the incident.
It is not yet clear how the next halving will impact bitcoin’s price. Many commentators believe that the price will follow a similar pattern to the previous three halvings, rising after the event itself as the supply of new coins is constrained.
However, any price rise will depend on how demand for bitcoins shapes up over the course of the halving. Demand is by no means certain to increase – or even remain static – as the market has matured significantly since the last halving in 2020, and there are now many more well-established cryptocurrencies competing for users.
#BTC predicted price 130k before the end of the year 2024 .
AMBCrypto’s look at Bitcoin’s metrics revealed that BTC might fall further in the short term.
Our analysis of CryptoQuant’s data highlighted that the crypto’s net deposit on exchanges was high, compared to the last seven days’ average. Its exchange reserves were climbing too – A sign of high selling pressure.
Source: CryptoQuant
Additionally, Bitcoin’s aSORP was red, meaning that more investors have been selling at a profit. On top of that, BTC’s Net Unrealized Profit and Loss (NULP) suggested that investors were in a “belief” phase, one where they were in a state of high unrealized profits. All these metrics hinted at a further downtrend.
As per our analysis of Hyblock Capital’s data, if the downtrend continues, BTC’s price might soon touch $66k or $64k. Once BTC reaches that level, the chances of a quick recovery are high if BTC tests the bull pattern that formed on its chart. However, if Bitcoin fails to test the pattern, then investors might as well see BTC falling to $57k.
Still can't believe this nearly touched $240 briefly. I don't even remember back then what took us to those highs. I was so distracted by so many other things in crypto that I didn't see my $500 worth of FIL go to nearly $50k, and I'm sure a lot of us are kicking ourselves for not selling. What are the chances we'll ever go back to all-time highs again and beyond? Obviously, I'm just asking people's opinions based on what caused it to run back then and if it's realistic for that to happen again.
Filecoin is a decentralized storage network designed to store humanity's most important information.
It aims to provide a secure and efficient way to store and retrieve data, serving as a decentralized alternative to traditional cloud storage services.
Users can use Filecoin to store various types of data, such as documents, videos, images, and more, with the assurance that their data is distributed across a network of nodes, making it resilient to censorship and data loss.
Developers can also build applications on top of the #Filecoin network to offer storage solutions to their users.
Overall, Filecoin is used for decentralized data storage, ensuring data durability, availability, and censorship resistance.
We all need Data Storage #FILUSD ( Very smart project) Don’t miss the chance, what are you waiting for, it’s now or you gonna regret in the future.
1. **Blockchain for NFTs:** #FLoW is a blockchain designed specifically for NFTs (Non-Fungible Tokens). NFTs represent unique digital assets such as digital art, collectibles, and virtual real estate. Flow's architecture is optimized for handling the unique requirements of NFT transactions, including scalability, speed, and low transaction costs.
2. **Supports High-Profile Projects:** Flow has gained attention for hosting high-profile NFT projects such as NBA Top Shot, a platform for buying, selling, and trading officially licensed NBA collectible highlights. The success of NBA Top Shot has showcased Flow's capabilities and demonstrated the potential of NFTs in mainstream markets.
3. **Developer-Friendly:** Flow aims to be developer-friendly, offering tools and resources to facilitate the creation of NFT-based applications and experiences. Its developer ecosystem is growing, attracting both established companies and independent developers interested in exploring the potential of NFTs.
4. **Scalability and Performance:** Flow is designed to scale efficiently, allowing for high throughput and low latency transactions. This is crucial for supporting NFT marketplaces and applications with large user bases and high transaction volumes.
5. **Community and Partnerships:** Flow has built a strong community of developers, collectors, and enthusiasts passionate about NFTs and digital ownership. The platform has also formed strategic partnerships with industry leaders to further expand its ecosystem and reach.
Overall, Flow's focus on NFTs, scalability, developer-friendliness, and strong community support make it an important player in the growing NFT space and contribute to its significance in the blockchain industry.
All Time hight: 42.4 $ All Time low: 0.39 $
Now its your chance to make a smart move #FlowTraders wow wow wow. Wow oh, time out Haq.
Filecoin is considered important for several reasons:
1. **Decentralized Storage**: Filecoin aims to create a decentralized storage network where users can store and retrieve data without relying on centralized servers. This has the potential to increase data security, reliability, and censorship resistance.
2. **Incentivized Network**: Filecoin uses a unique incentive mechanism where users can earn Filecoin tokens (FIL) by providing storage space to the network. This incentivizes individuals and organizations to contribute their unused storage resources, thereby expanding the network's capacity.
3. **Efficient Storage Market**: Filecoin facilitates a marketplace for storage services where users can buy and sell storage space. This enables efficient allocation of resources and allows users to find the best storage options based on their needs and budget.
4. **Blockchain Technology**: As a blockchain-based protocol, Filecoin leverages the security and transparency of distributed ledger technology to ensure the integrity of storage transactions and provide a verifiable record of storage activities.
5. **Potential Applications**: Filecoin's decentralized storage infrastructure has the potential to support a wide range of applications, including cloud storage, content delivery, data archiving, and decentralized applications (dApps). This versatility makes it a valuable tool for developers and businesses seeking secure and scalable storage solutions.
Overall, Filecoin's combination of decentralized architecture, incentivized model, and blockchain technology positions it as an important player in the evolving landscape of decentralized storage and Web3 infrastructure.
All Time high: 236.84 $ All Time low: 2.64 $
Conclusion: Don’t waste time to invest on #Filecoin. We need a secure Data Store in the virtual world.