Seasoned traders go by the time-tested formula: invest most of your crypto portfolio in BTC (50%); 35% in a basket of big-cap coins, and the rest in small projects with huge upside. But for beginners, all cryptocurrencies are risky investments, so they must tread lightly and keep all their senses open in the crypto space.
Much of the broad-based interest in FLOW appears to be due to a big listing announcement. Specifically, crypto exchange Coinbase announced that Flow would be the latest crypto investors can trade on the platform. How high can the “Coinbase effect” take Flow?
We would like to echo a positive perception at this point before we look into Flow coin price prediction:
The global crypto market has seen a transition towards bullishness due to the influx of funds. The changes have been positive, bringing Bitcoin, Ethereum, and others considerable gains. The change is evident from the global market cap value, which is currently about $1.27T. There are little chances that it would cross the previous threshold level. The previous data shows that the market has lingered in the same range and might continue to do so. The downward pull hasn’t let it change value.
Today’s Flow price today is $1.68 with a 24-hour trading volume of $39,457,555. Flow is up 5.55% in the last 24 hours. The current CoinMarketCap ranking is #34, with a live market cap of $1,735,649,366 USD. It has a circulating supply of 1,036,200,000 FLOW coins and the maximum supply is unavailable.
Also Read: Bitcoin, Binance Coin, Flow, and ApeCoin Daily Price Analyses – 26 June Morning Price Prediction
What is Flow Coin?
Flow Coin Overview
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
||FLOW||$ 2.00||$ 2.08 B||2.91%||1.04 B||$ 79.83 M|
Flow is a leading blockchain project that seeks to become a better alternative to Ethereum. It is a Proof-of-Stake platform that has faster speeds and lower transaction costs than Ethereum. As a result, its developers hope that it will become the go-to platform for web 3.0 deployments. The platform was created by the team that built CryptoKitties.
The decision by Yuga Labs on ApeCoin deployment and the ongoing permissionless contract development progress could trigger FLOW price action. The upgrade, which is expected to be launched soon, will focus n code-hardening, professional audits, and a bug bounty program.
Overview of Flow Coin
Developed by Dapper Labs in 2018, Flow is a fast and decentralized layer one blockchain infrastructure designed to function as the base protocol for NewGen applications, games, and digital assets. The Flow blockchain is created from scratch and intended for applications and internet-scale protocols that demand distinctive customer experience. It’s reputed to be the only blockchain-based technology that incorporates user-experience improvement features into its protocol layer.
The team behind the development of this project is renowned for consistently delivering top-notch blockchain consumer experiences with products like Dapper Wallet, NBA Top Shot, and CryptoKitties.
The Flow ecosystem is developer-friendly and has continued to attract top developers and some blockchain enthusiast brands, already building products on the network. Also, Flow has established collaborations with top-tier game developers, including nWay and Animoca Brands; entertainment brands, including LaLiga, NFL, Warner Music, NBA, and UFC; leading crypto platforms, including Binance; development studios, such as Samsung and Ubisoft, and a couple of NexGen high-growth startups like Opensea.
The native cryptocurrency token that fuels the Flow ecosystem is FLOW. It is utilized by developers, validators, participants, and applications on the network. FLOW token is designed to serve several purposes, including network fees, rewards, payment method, and a reserve asset in the long run.
Features that make the Flow network unique include upgradeable smart contracts, in-built logging support, consumer-friendly onboarding, and high-throughput without sharding. It leverages Cadence, a resource-oriented programming language for developing app assets smart contracts.
Now that you’re familiar with the Flow network and its features, do you think its highlighted developments and future potential can make FLOW a valuable cryptocurrency both in the short-term and long term?
Flow Coin Partnerships
The Flow Network is continually looking at partnerships. Cheese announced that they would be partnering with the Flow blockchain. Cheeze is a photography-based NFT Media and Entertainment company. They will help to promote the recent NFT development of Flow.
If you remember, on 14 September 2021, Flow announced a partnership with Google Cloud’s power. The collaboration is expected to bolster the connection between consumers and app developers globally.
On 1 January 2022, Think Fund, in collaboration with Blocto App, announced a partnership with emerald DAO, the first DAO built on the Flow blockchain.
Flow blockchain started the year by introducing the customers to Flowverse, a new project in the ecosystem.
FLOW has several essential characteristics that make it the ideal currency for a new generation of games, consumer applications, and the digital assets that will power them. Let’s delve into more details of the Flow ecosystem, its functions, unique features, technical analysis, and price predictions.
Flow Coin Price History
The past price analysis and current market status of the Flow coin are based on the data available from Coinmarketcap. Although FLOW has been in the crypto space since 2018, we have carried out this past price analysis based on the earliest available data.
FLOW hit its all-time low of 1.50 USD on January 26, 2021, and the price of FLOW rode with the bulls afterward. A few months later, FLOW attained its current ATH of 46.16 USD on April 05, as seen on the chart. The significant price rise of over 2900% can be attributed to the development in the ecosystem and the overall positive sentiments in the crypto market that also hiked bitcoin prices and those of other assets like ETH and BNB.
Within 7 days, the market value of FLOW has fallen by over 13%. Also, in the last 30 days, the price movement of FLOW has been bearish, with the coin’s value attaining 18.90 USD and dropping to 11.61% – a 38.57% price drop. Over a 90-day period, FLOW reached a maximum market price of 28.79 USD, and afterwards, it took to a downward trend, losing about 60% of its value.
Although FLOW has seen several bullish movements within the years, the uptrends have been followed by consolidations, corrections, fluctuations, and reversals. FLOW has not performed well lately; could this trend continue for a little longer?
Currently, the Flow coin is trading at 13.21 USD, and it ranks at no. 48 on the cryptocurrency market, with a market cap dominance of 0.14%. The total token supply of this crypto is 1,378,211,739 FLOW, and its circulating supply is 310,613,212.00 FLOW. According to Coinmarketcap, the current ROI is over 13,000% if FLOW was purchased since its launch.
Flow Technical Analysis
Flow price analysis shows partial bullish momentum with room for further bearish activities. The bears rule the FLOW market and are likely to maintain their momentum, and FLOW now expects a further devaluation in the coming days. As a result, the bears appear to show firm footing and might engulf the market soon. Furthermore, the FLOW price has experienced a crash from $38.2 to $36.5 and has remained around that threshold.
Flow price analysis has entered a bullish movement in the last few days. Moreover, as the volatility closes, the value of the cryptocurrency moves with a less volatile change; the price is less prone to variable change in this instance. As a result, the upper limit of the Bollinger’s band rests at $39.6, serving as the most substantial resistance for FLOW. Contrariwise, the lower limit of the Bollinger’s band rests at $31.7, serving as the strongest support for FLOW.
The FLOW/USD price appears to be crossing over the Moving Average curve, displaying bullish momentum. On the other hand, the market can be seen shifting to a downward movement as the price favors a negative approach.
The Relative Strength Index (RSI) score appears to be 50, showing the cryptocurrency’s meager value. It falls in the central neutral region. However, the RSI score follows a downward movement signifying a decreasing market and declining dynamics. In addition, the declining RSI score indicates the selling activity superior to buying activity.
Flow price analysis shows partial bullish momentum with strong possibilities of further decline in its price in the coming days. The bears are about to capture the market. If the bulls fail to strike back soon, the bears will engulf the market for the long term. However, since the bears show massive potential, they can have a chance to consume the market entirely, but if the price breaks the support. Then, the market dynamics might be shifted in the bulls’ favor.
Flow Coin Price Predictions by Authority Sites
Digital Coin Price
According to a Flow projection by Digital Coin Price, the average market value by 2023 may be approximately $8.56. Short-term investors can follow suit and profit from the market volatility as predicted by the price analysis for the coin.
Given the unfavorable market attitude, Waller Investor’s Flow forecast shows that it is a high-risk investment option for the next year. Future devaluations of you are conceivable.
Tech News Leader
According to TechNewsLeader’s Flow price forecast, it may be a good choice in the long term. Forecasts indicate that $34.96 is likely to be the probable maximum price in 2027.
Flow Coin Price Prediction 2022
The price of Flow is anticipated to have a minimum price of $3.27 in 2022. With an average trade price of $3.41, the FLOW price may go as high as $3.86.
Flow Coin Price Prediction 2023
In 2023, the Flow price is expected to have a minimum price of $4.86. With an average price of $5.00 during 2023, the Flow price might have a maximum value of $5.73.
Flow Coin Price Prediction 2024
The price of Flow is anticipated to have a minimum of $7.14 in 2024. With an average forecast price of $7.34, the FLOW price may go as high as $8.44.
Flow Coin Price Prediction 2025
In 2025, the cost of 1 Flow is predicted to be at least $10.19. With an average price of $10.56 during 2025, the FLOW price can go as high as $12.39.
Flow Coin Price Prediction 2026
In 2026, Flow is anticipated to go at a minimum price of $14.66. According to our research, the FLOW price might rise as high as $17.58, with an average price of $15.19.
Flow Coin Price Prediction 2027
The price of Flow is anticipated to be at a minimum of $21.52 in 2027. With an average price of $22.28 in USD, the Flow price value may go as high as $25.22.
Flow Coin Price Prediction 2028
In 2028, the Flow price is expected to be at least $32.12 a unit. With an average price of $33.01 during 2028, the Flow price may go as high as $37.38.
Flow Coin Price Prediction 2029
The price of Flow is anticipated to have a minimum price level of $45.27 in 2029. The FLOW price has an average value of $46.59 and a maximum price value of $55.46.
Flow Coin Price Prediction 2030
In 2030, it is expected that the minimum cost of Flow will be at least $65.18. With an average trading price of $67.04 in 2030, the Flow price might go as high as $77.57.
Flow Coin Price Prediction 2031
In 2031, the Flow price is anticipated to have a minimum price of $93.12. According to our research, the FLOW price might rise as high as $112.63, with an average anticipated price of $96.47.
Flow Coin Price Predictions by Industry Influencers
Vickpoint crypto goes through Flow price prediction for 2022, 2023, and 2030.
Flow is down over 80% this year, and analysts argue that the coin sells at a significant discount. Flow is rich in utility and has big partners in the crypto space. Flow made record sales in a bear market, which means it will be highly profitable in the next bull run.
Flow has proved to be a valuable platform for developers and boasts over 5.5M wallet accounts today. Its scalability has allowed for the development of a myriad of decentralized applications.
Flow has not had a good performance this year, but as the cryptocurrency market begins to recover, Flow will soar back to its former glory. Flow is a profitable investment and will begin its upward trend in 2023; negative news could, however, result in a price fall.
The crucial issue is that since the price of Flow has been steadily falling over the past year, the long-term forecasting algorithms are pessimistic. Any moment might see a breakout and a price turnaround. Cryptocurrency values can fluctuate, despite gloomy forecasts, and thus, it cannot be regarded as a terrible coin. Flow coins might not be able to produce excellent returns in the near future. However, a shift in momentum and price movement is always possible. As a result, independent investigation and sound guidance are required before investing.
Experts are divided on whether the coin will increase or decrease in value. Predictions are often not very upbeat, with some speculating that the currency may eventually reach zero. Forecasts, especially long-term ones, should always be considered indications rather than absolutes; it is important to keep in mind.
It’s crucial to remember that investing may be dangerous; therefore, you should never invest more money than you can afford to lose.