Flare Surges as Top Gainer Following Google Cloud Announcement
According to the latest report from CoinMarketCap, Flare (FLR) emerged as the top gainer on January 15, thanks to an announcement by Google Cloud. Operating as an EVM-based layer 1, Flare saw its price surge by 20.8% in the last day, reaching $0.0212. It also recorded a trading volume of $38.9 million during this period.
This surge came shortly after Google Cloud’s entry into the blockchain arena, where it serves as a validator and contributor to the Flare Time Series Oracle (FTSO). This move represents a significant milestone in bridging blockchain technology with mainstream tech companies. While the global cryptocurrency market experienced a 3.2% downturn, FLR outperformed other Smart Contract Platform cryptocurrencies by increasing by 10.8% in the last day.
Sui Reflects Impressive Performance with Increase in Value and Trading Volume
Sui (SUI) secured the second position with a price of $1.37, reflecting a 9.4% increase over the past 24 hours. It also recorded a substantial trading volume of $685 million during this period. Additionally, Sui witnessed a surge in the total value of assets locked, reaching nearly $341 million, with an increase of approximately $48 million in the last 24 hours. This momentum continues from its previous position as a top gainer.
MetisDAO Holds Strong at Third Spot
MetisDAO (METIS) takes the third spot on the day’s leaderboards, boasting a 6.7% increase and currently priced at $126.83. Although no significant news was reported on January 15, the token is still experiencing excitement from the Bitget wallet announcement made in the previous week.
Hot Take: Flare’s Surge and Google Cloud’s Entry into Blockchain
In response to Google Cloud’s announcement of becoming a validator and contributor to Flare’s FTSO, Flare (FLR) experienced a significant surge, emerging as the top gainer in the crypto market. This move by Google Cloud represents a milestone in integrating blockchain technology with mainstream tech companies. The strong performance of FLR amidst a downturn in the global cryptocurrency market highlights its potential and appeal to investors. With FLR outperforming other Smart Contract Platform cryptocurrencies, it remains to be seen how this collaboration with Google Cloud will further impact Flare’s growth and adoption.
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