- Understanding Flux: The Emergence of the Decentralized Computing Environment
- Flux is the world’s first and largest Decentralized Computing Network.
- Provides various applications on its stable and sounding network.
- That is why the work of Flux has recently become one of the top 100 blockchain projects according to the World Future Awards, which, in turn, led to an increase in its price.
Introduction to Flux
Flux is a revolution in the decentralized computing environment in the world. It is also the world’s first Decentralized Computing Network and the largest one, offering users the ability to run various applications on its stable and highly-sustainable network. No matter whether you are looking for DePin, AI, Cloud or other technologies, Flux offers multiple possibilities so clients’ requirements can be fulfilled.
Possible causes for Increase in the Current Flux Price
One of the Top 100 Blockchain Projects
Among the significant factors contributing to a recent increase in Flux price is its entry to the top 100 blockchain projects globally, according to the World Future Awards. The recognition received proves that Flux has made extraordinary achievements in the field of cryptos and blockchain. It also gives the company such as Flux recognition for embracing change as well as increases the price of the shares to investors.
Adjustment of MEXC FLUX USDT-M Futures Funding Rate
Another reason that has contributed to the change in the price of Flux is the revision of the MEXC FLUX USDT-M Futures funding rate settling that occurs on a daily basis. This change was declared on September 3 and it determines the possibility to settle funding rates for Flux futures contracts in MEXC at a much more frequent rate. We can see that such adjustments result in volatility and trading that leads to a higher price level of an asset.
Today, the Binance Futures has introduced FLUXUSDT Perpetual Contract
The FLUXUSDT Perpetual Contract that Binance Futures launched also contributed to the increase of its price. From September 3, this contact is provided in Binance Futures with leverage from x75 that increases trading possibilities and demands investors’ attention. The boost in trading capacity means that others will require more Flux, and therefore, this will lead to the increase of its price.
Increase in the demand for better quality Gaming Graphics Processing Units
Other factors are increased price of high end GPUs resulting from technological trends such as artificial intelligence, cloud gaming and computing. Given that companies such as Meta continue to fund the development of substantial GPU capabilities, decentralized platforms such as Flux are well-placed, on account of their horizontal and decentralized GPU computation services. This ever increasing demand for GPUs provides the underlying framework of Flux and even the price is affected positively.
Read Also: How Ethereum is Changing the Blockchain Game
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