Krutika Adani
Flare is a Layer-1 chain that is focused on blockchain interoperability.
The project comprises a blockchain and a cryptocurrency, FLR, which was trading at $0.016 at press time.
Without interoperability, blockchain assets would only exist in silos, making them unviable for real-life usage. Interoperability helps one asset cover for another asset’s limitations, which makes them modular and easy to develop.
The FLR token has been in a downtrend since March 2024 and has reached $0.016 from $0.05. We expect the price to continue its downtrend unless a major development occurs.
Despite solving a critical problem, Flare suffers from adoption issues and a lack of user engagement. However, things might change as the interoperability sector continues to grow.