FLO about to take off.
Updated
Firstly thank you for reading. Times are a changing for the ALTS. Are we starting to see popcorn 'pop'? Finger's crossed, BTC will not do any crazy dance moves. If BTC stays rolling sideways....ALTS will be in for a white knuckle ride.
Background:
FLO has been around since 2013. Yes, you read right. The ATH was around .37 cents and peak market cap was 44.3 M. FLO is a scrypt minable crypto-currency with quick transaction processing. (40 second block time). Metadata. You can attach a bit of data on the blockchain, up to 1040 bytes, to every transaction and store it permanently on the FLO network. Security.
FLO is being utilised in a number of key use cases. Overstock.com subsidiaries Medici Ventures and tZERO have been utilizing the FLO blockchain for to publish property rights on the blockchain. tZERO is adding digital locate receipts, which locate the ownership of a stock, into FLO to mitigate 'naked short selling'. A massive issue that tZERO hopes to solve.
Not only has Medici Land Governance begun adding property records on the FLO blockchain (and partnered with the state of Wyoming, the city of Tulum in Mexico, and a number of other deals in the works.
FLO is being utilised by the Open Index Protocol (OIP), a database for decentralized publishing, and an app on top of OIP called Alexandria, which allows users to search and browse info in that database. OIP are interested in it as an indexing tool, something that could provide the backbone of a blockchain-based Google. The California Institute of Technology, (Caltech), uses FLO to store more than 17,000 records of information gathered with microscopes. There is also Streambed which will help creatives and the like control their content. All of these use cases utilises FLO.
Technicals:
The EMA 100 has been smashed through on multiple timeframes. This is always a great sign for Alts. And can herald in incredible gains. The MACD has crossed and has a high ceiling to play with. Resistance is at 326 sats and 365 sats. Volume is picking up. With momentum these could be tested in the short term. If things really get interesting, and volume picks up, we could see FLO doing some crazy things.
FLO is currently $4,590,874 USD market cap. Sitting at #500 on coinmarketcap. It has huge upside potential. The coin has a solid team behind it. It's been around almost as long as BTC so one could safely assume it will be around for a long time.
Pro Tip:
Remember is a low volume trade, so any major players can send this soaring into the stratosphere.
Thank you again for reading. If you like this idea and content, please smash the like button. This is my first post in Tradingview so your support means so much. Thank you!
Feel free to let me know what your take is. After all, we all live in the yellow submarine....
Namaste
*Remember, this is just educational information. Trade at your own risk. Wishing you luck
Background:
FLO has been around since 2013. Yes, you read right. The ATH was around .37 cents and peak market cap was 44.3 M. FLO is a scrypt minable crypto-currency with quick transaction processing. (40 second block time). Metadata. You can attach a bit of data on the blockchain, up to 1040 bytes, to every transaction and store it permanently on the FLO network. Security.
FLO is being utilised in a number of key use cases. Overstock.com subsidiaries Medici Ventures and tZERO have been utilizing the FLO blockchain for to publish property rights on the blockchain. tZERO is adding digital locate receipts, which locate the ownership of a stock, into FLO to mitigate 'naked short selling'. A massive issue that tZERO hopes to solve.
Not only has Medici Land Governance begun adding property records on the FLO blockchain (and partnered with the state of Wyoming, the city of Tulum in Mexico, and a number of other deals in the works.
FLO is being utilised by the Open Index Protocol (OIP), a database for decentralized publishing, and an app on top of OIP called Alexandria, which allows users to search and browse info in that database. OIP are interested in it as an indexing tool, something that could provide the backbone of a blockchain-based Google. The California Institute of Technology, (Caltech), uses FLO to store more than 17,000 records of information gathered with microscopes. There is also Streambed which will help creatives and the like control their content. All of these use cases utilises FLO.
Technicals:
The EMA 100 has been smashed through on multiple timeframes. This is always a great sign for Alts. And can herald in incredible gains. The MACD has crossed and has a high ceiling to play with. Resistance is at 326 sats and 365 sats. Volume is picking up. With momentum these could be tested in the short term. If things really get interesting, and volume picks up, we could see FLO doing some crazy things.
FLO is currently $4,590,874 USD market cap. Sitting at #500 on coinmarketcap. It has huge upside potential. The coin has a solid team behind it. It's been around almost as long as BTC so one could safely assume it will be around for a long time.
Pro Tip:
Remember is a low volume trade, so any major players can send this soaring into the stratosphere.
Thank you again for reading. If you like this idea and content, please smash the like button. This is my first post in Tradingview so your support means so much. Thank you!
Feel free to let me know what your take is. After all, we all live in the yellow submarine....
Namaste
*Remember, this is just educational information. Trade at your own risk. Wishing you luck
Note
There is a major battle going on right now with BTC. It is very scary territory. Whilst FLO has great future potential, I like to take a conservative approach right now and exit this trade for now. Once I see clear direction, I will update and we can move appropriately. Namaste
*Remember, this is just educational information. Trade at your own risk. Wishing you luck
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.