The price of FLR, the native token of the EVM-based layer-1 blockchain Flare, has shot up by more than 20% in the past 24 hours.

On CoinMarketCap, FLR is trading at $0.04056, a 20.46% difference over the previous 24 hours.

Some have tried to explain the uptick because Coinbase, one of the leading crypto exchanges in the United States, has put FLR on its listing roadmap.

Coinbase has announced the crypto assets it plans to list to enhance asset transparency and added them to its roadmap. The practice ensures that the exchange’s users have a clearer idea of what to expect.

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FLR is now the latest addition to the roadmap, meaning it will soon be available for trading on Coinbase. The crypto exchange relayed the information about FLR’s new status in a March 28 tweet, only hours before the token’s price rise began.

Per CoinMarketCap, FLR had a one-day trading volume of $65,866,162 and is currently ranked #84 on the website’s market cap list with a live value of $486,719,558.

Blockchain poised to tackle utility problem

Flare is intended to help developers create web and blockchain-compatible applications. It also provides new use cases and monetization strategies by enabling decentralized access to high-integrity data.

Speaking to City.AM, Flare’s founder, Hugo Phillion, said that the project’s

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Author: Julius Mutunkei

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