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NFT boom triggers parabolic rallies in Chiliz (CHZ) and Flow

Published 03/04/2021, 03:27 PM
Updated 03/04/2021, 05:00 PM
NFT boom triggers parabolic rallies in Chiliz (CHZ) and Flow

NFT boom triggers parabolic rallies in Chiliz (CHZ) and Flow

Strong hands view a correction in an uptrend as a buying opportunity and data from CryptoQuant shows that Bitcoin (BTC) whales have been buying near $48,000. This activity can be seen in the large Coinbase outflows, most of which went to custody wallets and this suggests that the institutional investors believe the Bitcoin rally has room to run.

Even Kraken CEO Jesse Powell is ultra bullish on Bitcoin. In a recent interview with Bloomberg TV, Powell said that Bitcoin could reach $1 million over the next ten years if the digital asset overtakes gold as a store of value.

Crypto market data daily view. Source: Coin360
CHZ/USDT daily chart. Source: TradingView
FLOW/USD daily chart. Source: TradingView
BAT/USD daily chart. Source: TradingView

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