Key Takeaways
The Flare coin came out to little fanfare in early 2023. Since then, though, it has struggled. On August 18, 2023, it fell to an all-time low. While there has been a recovery since then, it is a fair way from where it was when it first came out.
That said, Flare has turned into a Proof-of-Stake blockchain, which should, at least in theory, make it quicker, cheaper, and more environmentally friendly.
Although FLR shot up in November 2024, it dropped again in early December, and by Dec. 2, 2024, FLR was worth about $0.0296.
But what is Flare (FLR)? How does Flare work? Let’s see what we can find out and also look at some of the Flare Price Predictions that were being made as of Dec. 2, 2024.
Let’s examine some Flare price predictions CCN made on July 4, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
Minimum FLR Price Prediction | Average FLR Price Prediction | Maximum FLR Price Prediction | |
---|---|---|---|
2025 | $0.04 | $0.08 | $0.15 |
2026 | $0.06 | $0.12 | $0.20 |
2030 | $0.10 | $0.30 | $0.50 |
By 2025, FLR will likely continue its recovery from the prolonged downtrend, leveraging its recent breakout and bullish momentum. With the increasing adoption of blockchain technology and FLR’s utility in decentralized applications, the minimum price could reach $0.04, while an average of $0.08 reflects steady growth. Optimistically, the max price of $0.15 could occur if market sentiment remains bullish and partnerships or ecosystem developments boost FLR’s adoption further.
In 2026, FLR’s trajectory will likely depend on broader market cycles and sustained ecosystem development. A minimum price of $0.06 accounts for potential corrections or stagnation in adoption, while an average of $0.12 assumes steady progress. If significant partnerships, upgrades, or blockchain use cases emerge, the max price of $0.20 reflects the possibility of FLR becoming a more integral part of the blockchain landscape.
By 2030, FLR’s price could see substantial growth driven by long-term developments in the blockchain sector and the potential realization of its full ecosystem potential. A minimum price of $0.10 accounts for a mature but competitive market, while an average of $0.30 reflects steady adoption across multiple applications. A max price of $0.50 could be achievable if FLR becomes a key player in smart contract platforms and decentralized finance (DeFi), coupled with favorable macroeconomic and regulatory conditions.
Flare (FLR) recently broke out from a prolonged descending trendline, marking the end of its extended 2024 downtrend. After establishing a base near $0.012, the price rallied in an impulsive five-wave structure to peak at $0.032 on Dec. 2, overcoming critical resistance levels and confirming strong bullish momentum.
However, the rally encountered resistance at the top of an ascending channel, signaling a potential pause in the uptrend. With the RSI reaching overbought levels at 82%, a near-term correction is likely as the price consolidates after its recent surge.
The hourly chart shows FLR completing a five-wave impulse, peaking at $0.03272, followed by a 14% drop to $0.028. This pullback indicates the beginning of a corrective ABC pattern, potentially targeting Fibonacci retracement levels.
Immediate support lies at $0.02474 and $0.02228, with $0.01982 being the likely endpoint of the correction if the price continues to decline. The broader uptrend remains intact if support levels hold, and a rebound could test $0.03 and $0.03272 resistance before a potential continuation toward $0.035. The Flare price prediction for the next 24 hours relies on the support levels holding
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Dec. 2, 2024, Flare’s ATR was 0.0325, suggesting relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Dec. 2, 2024, the Flare RSI was 72, indicating overbought conditions.
The Total Value Locked (TVL) to market cap ratio (TVL ratio) measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to the value of locked assets.
A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.
On Dec. 2, 2024, the Flare TVL ratio was 5.61, suggesting YYY.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Dec. 2, 2024, Flare scored 83.5 on the CCN Index, suggesting momentum strong enough to suggest a trend reversal might be near.
FLR is a Proof-of-Stake (PoS) crypto, so let’s compare it with other PoS coins.
We looked at the Flare price history and found the best times to buy FLR.
Day of the Week | Friday |
Week | 50 |
Month | November |
Quarter | Fourth |
Now, let’s look at some key dates in the Flare price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a Flare price prediction.
Time period | FLR price |
---|---|
Last week (Nov. 25 2024) | $0.02432 |
Last month (Nov. 2, 2024) | $0.01369 |
Three months ago (Sept. 2, 2024) | $0.01582 |
Last year (Dec. 2, 2023) | $0.01495 |
Launch price (Jan. 10 2023) | $0.0413 |
All-time high (Jan. 10, 2023) | $0.0797 |
All-time low (Oct. 20, 2023) | $0.008263 |
The market capitalization, or market cap, is the sum of the total number of FLR in circulation multiplied by its price.
On Dec. 2, 2024, Flare’s market cap was $1.58 billion, making it the 72nd-largest crypto by that metric.
Supply | Figures |
---|---|
Total supply | 102,814,725,646 |
Circulating supply (as of Dec. 2, 2024) | 52,869,868,941 (51.42% of total supply) |
In its technical documentation or whitepaper , Flare says that it is a blockchain for data.
It adds: “Flare’s aim is to provide data as a public good, meaning that data is not controlled by a centralized entity and is available to all.”
“Flare can advance the development of more blockchain use cases where data is important, such as in DeFi, gaming, NFT, music, and social networks.”
The Flare blockchain is designed to work with decentralized data. The system allows developers to use information from various blockchains and other online applications.
Crypto entrepreneurs Hugo Philion, Sean Rowan, and Nairi Usher set up Flare in 2020. However, its native coin, originally called Spark, did not come out until early 2023.
The Flare coin, also known by its FLR ticker handle, supports the Flare network.
Flare is transitioning to a Proof-of-Stake (PoS) consensus mechanism. This means that people can add blocks to the blockchain-based on how much FLR they hold.
Flare contains three linked chains. They are
FLR pays for transactions on the system. People can also wrap their FLR. This means they can lock it into a smart contract, a computer program that automatically executes once certain conditions are met, to create an equivalent token on another blockchain. Wrapped FLR holders can vote on changes to the network.
People can also buy, sell, and trade FLR on crypto exchanges.
It is difficult to tell. FLR has cooled off from a strong November, and we don’t know if and when it will make a lasting upturn.
On the other hand, Flare’s developers appear to be proactive, making changes and preparing updates to the blockchain. It remains to be seen what effect these will have, if any.
As always with crypto, you should do your own research before deciding whether or not to invest in FLR.
No one can really tell right now. While the Flare crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Flare, you will have to do your own research, not only on FLR but other related coins and tokens such as Ethereum (ETH). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
It might do. Bitnation said it would get there this year and DigitalCoinPrice said it would reach that level next year. Meanwhile, PricePrediction.net had it break 10 cents in 2026.
Keep in mind that FLR has never traded at $0.10. Its highest ever price was $0.0797, which it reached in January 2023.
FLR pays for transactions on the Flare blockchain. It can be wrapped to give holders a vote in changes to the network. People can also buy, sell, and trade FLR on exchanges.