FLUX Price Analysis September 2022

FLUX is a token of the platform Flux. Its current price is around $1.30 by the time of writing, with a low of $0.2592, and it has a market cap of 350 million dollars.

What is Flux?

Flux is the next-generation & scalable decentralized cloud infrastructure. Apps can be created and managed by spawning them on multiple servers. Ready for Web 3.0, dApps, and more.

Flux uses its custom PoW hashing algorithm FluxHash. It is ASIC resistant making it attractive to GPU miners and ensuring a decentralized mining pool. FluxHash is based on Equihash algorithms from ZCash(200,9) and ZHash(144,5).

What is FLUX?

FLUX is the coin of the Flux platform, which is around $1.30 by the time of writing, with a low of $0.2592. It reached a high of $4.17, and its current ranking is #99, according to CoinMarketCap, with a market cap of 350 million dollars.

Flux is the cryptocurrency used to power the Flux ecosystem. It is used for several purposes, including trading, purchasing resources, and rewarding miners for their efforts.

FLUX Coin Market Analysis 

FLUX has a total supply of 220,347,380 coins worth around $1.30 with a market volume of 48 million dollars, whereas the market capitalization is 350 million dollars at writing. As a result, the analyst predicts that the FLUX currency will not be a good investment option.

This is based on the fact that it has a negative outlook. So even though it sounds like an interesting currency to own, you may want to look for other options if you’re looking for projects with interesting opportunities.

FLUX Price Prediction

On the 4H timeframe, the price action of $FLUX/USDT is moving inside the horizontal resistance zone. However, we must wait for a successful breakout or breakdown to confirm its next direction.

On-demand analysis on $FLUX or any other coin can join our Telegram channel anytime.

Flux Price Chart September 2022
FLUX Price Chart September 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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