The advancements in the Blockchain space are poised to alter the fundamentals of several traditional industries and revolutionize consumer experience on the internet. The Flow network is one project that’s already making waves in this aspect.
Collaborations of Flow by Dapper Labs, including NBA Top Shot, Crypto kitties, The UFC, and Opensea, were amazingly successful over the last six months. Coinbase has shown interest in FLOW by investing in the project as listed on the Coinbase Ventures page. Are we going to be seeing FLOW coin on Coinbase soon? What would that mean for the price of FLOW if 43 Million+ users are able to invest?
When Binance announced it would list the FLOW token; since then, the price has rallied to $29 from $18, a 61% rise. On a 24-hour basis, the cryptocurrency is up 30%. The token began the day at $18.26 and climbed to $27.56 after the announcement from Binance, according to data from Messari. FLOW’s market value jumped to $1.23 billion. We can expect the same to happen with Coinbase.
FLOW has several important 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.
Overview of Flow
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?
Let us get into the price analysis and price prediction for this asset.
Past price analysis and market status
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 afterwards. 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 price 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
Using the Bollinger Band (BB) strategy, the 4-hour chart shows the price action of FLOW trading below the 20-day Moving Average and hugging the lower BB. This movement usually indicates a buy position and sell action, with a breakout imminent. However, traders, retail investors, or institutional investors must tread cautiously to avoid losses if further downside occurs.
Based on 1-day pivot indicators, FLOW is currently trading above its Fibonacci S1 (11.88 USD); if the bears take over, its market price could fall below its S2 (9.52 USD). However, if the bulls back FLOW, a bullish trend may be imminent, and the crypto could be set to approach and break past its R1 (Resistance Level) at 19.51 USD and even reach for its Resistance Level 2 at 21.87 USD.
As shown on the chart below, the RSI of FLOW is at 36.18, which means that the coin is nearly in the oversold region.
This is an indication of an intense sell action and an imminent bullish reversal. Traders should stay cautious of the right entry point for maximum profits.
TradingBeasts FLOW price forecast
FLOW forecast from TradingBeasts expects the coin to attain 12.790 USD at the start of December 2021. The highest expected price for the month is 15.914 USD, and the least price is predicted to be 10.821 USD. Also, TradingBeasts expects an average FLOW price of 12.731 USD.
According to the FLOW price prediction for 2022, the highest price is 21.839 USD, and the least price is 10.819 USD. TradingBeasts provides a bullish FLOW price prediction from the end of 2021 through 2022.
With growing developments and innovation in the Flow ecosystem, FLOW is predicted to trade at the highest price of 40 USD by the end of 2024. Its minimum expected price for the year is 22 USD.
DigitalCoinPrice FLOW price prediction
FLOW price forecast from DigitalCoinPrice also expects a bullish momentum for the future. A peak price of 23.21 USD is forecasted for 2022, 26.57 USD for 2023, and over 32 USD by 2024.
By December 2025, FLOW is predicted to jump above the 40 USD mark, with the possibility of reaching its current ATH.
Wallet Investor FLOW price prediction
Wallet Investor is rather pessimistic about the potentials of FLOW, as the short-term trend line in the chart below depicts a bearish market price prediction over the next 14 days. They expect the value of this digital asset to fall to about 11.743 USD by November 25, 2021.
Over one year, the price forecast from Wallet Investor projects a further downside, with FLOW’s price expected to fall below 5 USD before the end of 2022, as seen below.
Cryptopolitan FLOW Price Predictions 2021-2025
FLOW Price Prediction 2021
As per our in-depth analysis and expert forecast, FLOW is expected to end the year with a peak price of about 15 USD, a minimum price of 12 USD, and an average of 10 USD.
FLOW Price Prediction 2022
Based on our forecast, we expect FLOW to trade between 10 – 23 USD by 2022.
FLOW Price Forecast 2023
As the Flow network grows and secures more mainstream collaborations and use cases, FLOW is expected to follow suit with a price increase. By 2023, FLOW is forecasted to hit a maximum price of about 30 USD.
FLOW Price Forecast 2024
By 2024, if investors still back the crypto, coupled with developments in the ecosystem, we expect FLOW to continue on a bullish run and attain a maximum price of 38.87 USD.
FLOW Price Forecast 2025
Our forecast for 2025 anticipates a further price jump, with a maximum expected price of 45 USD and the possibility of exceeding its current ATH.
The Flow network offers exciting prospects for the future. With ongoing developments in the blockchain space, FLOW could be set to attain new heights if investors consider it a profitable investment along with significant cryptos like Bitcoin and ETH.
Although most of the expert price predictions above are bullish, it is imperative that, as a trader, you do not take them as financial advice but resort to fundamental analysis and carry out your research before investing. The crypto ecosystem is volatile, and cryptocurrency prices are constantly swinging; FLOW is not an exception.
Is Flow crypto a good investment?
If the price actions of the asset follow our price prediction, FLOW will be a good investment. Again, this is not investment advice; put in only what you can afford to lose.
Where to buy and sell FLOW?
FLOW can be traded on several cryptocurrency exchanges, and these platforms have specific trading pairs. Here are some of the most popular FLOW markets with high trading volumes you can explore:
- Binance offers four (4) different trading pairs – FLOW/BUSD, FLOW/BTC, FLOW/USDT, and FLOW/BNB.
- Huobi Global – FLOW/USDT, FLOW/ETH, and FLOW/BTC.
- Kraken – This platform enables users to trade FLOW against fiat currency such as USD, EUR, and GBP. Trading pairs for BTC and ETH are also available.
- OKEx – FLOW/BTC and FLOW/USDT.
- Upbit – FLOW/KRW
Other markets can be found here.
Will FLOW pass its ATH?
According to our FLOW price prediction and technical analysis, the coin could surpass its current all-time high by 2025.
What is the forecast price for FLOW cryptocurrency for 2030?
By 2030, if the ecosystem continues to experience exponential growth, FLOW could be trading well above $90.