Flamingo Price Prediction Today, Tomorrow and Week
Latest Flamingo Coin Price
| Metric | Last 24 Hours | Trend |
|---|---|---|
| Net Social Media Sentiment | 100.0% | Steady |
Flamingo Coin Price Performance So Far
- Last 30 Days: +160%
- Year to Date: +110%
- Since Launch (Since 2020): +78.1%
Exchange Dominance -Binance: 69% [High Risk]
Latest Flamingo Coin News
DeFi TVL: 34 Million, Rank: 174th, Last 7 days: +14.1%, Last 30 days: +21.1% Outperformer
The Flamingo FLUND is a key component of the Flamingo platform, designed to offer yield by accumulating FLM from the activity within the Flamingo Ecosystem. This functionality yields an annual percentage yield (APY) of 47.38%. The FLUND’s total value stands at $8,515,577.95, with 58,871,680.48 Flamingo Flund tokens. The platform has dispensed minting rewards totaling $5,133,051.27 or 35,486,887.20 tokens and trading fee rewards amounting to $973,727.06, which equates to 6,731,774.27 tokens.
Flamingo Price Prediction Today, Tomorrow and Week
- Flamingo Price Prediction in the next 24 hours is between $0.0808 and $0.0953
- Flamingo Price Prediction this week is between $0.0806 and $0.0951
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Partially Bullish |
| 1a. Market Data | Partially Bullish |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd's Wisdom | Partially Bearish |
| 2a. Social Media Buzz | Lower |
| 2b. Social Media Sentiment | Steady |
Flamingo Price Prediction: Is Flamingo Coin a Good Investment?
Flamingo Finance is a a full-stack DeFi protocol on Neo that allows users to trade, stake, borrow, and buy tokens with ease. Users can place their tokens in different pools to earn returns, with some pools, such as the FLP-FLM-bNEO pool, offering attractive yields. The platform supports 23 tokens, including FLM, bNEO, and fUSDT. Flamingo claims that there is no mandatory lock-up period and any investor can stake or unstake anytime they wish.
The platform provides a “Wrapper” for cross-chain asset transfers including BTC, ETH, USDT, NEO, ONT, and more. The “Vault” serves as an asset manager for staking and collateralized stablecoin issuance. The “Swap” feature enables on-chain liquidity provisioning through an Auto Market Maker for cross-chain assets, FLM, and other NEP-5 tokens. “Perp” allows users to create perpetual contracts for various underlying assets, and “DAO” promotes decentralized governance, enabling the community to influence the protocol’s future.
In January this year, Flamingo launched its over-collateralized USD stablecoin, FUSD. Users can mint FUSD using Neo N3 assets like FLUND, bNEO, and fWBTC as collateral in a vault system. The FUSD protocol charges different interest rates for each collateral token. Vault maintenance incurs an 8% penalty, with 92% of the repayment burned and 8% retained by the platform.
On September 11th, Flamingo Finance reinstated its cross-chain functionality after a two-month hiatus due to an attack on Poly Network, the cross-chain bridge Flamingo uses. On July 2, 2023, Poly Network was compromised, prompting Flamingo to halt cross-chain operations to ensure user asset security. Investigations revealed that the Neo network and Flamingo assets were unaffected by the attack. However, cross-chain operations remained suspended. On September 6, 2023, Flamingo restored cross-chain functionality for Ethereum and later for BNB Chain on September 11. However, functionality for the Ontology network remains paused.
The Closest competitor of Flamingo Finance is Orca
Overall, Flamingo Coin as been a moderate quality of investment.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.