Flow Price Prediction 2024: Can FLOW Build on Recent Success?

Key Takeaways

• Flow’s FLOW price increased recently, getting close to $1.
• Designed as a potential rival to Ethereum, it has had a pretty tough two years or so.
• One price prediction says it may reach $2.42 next year.

Flow (FLOW)  has undergone an extended period of consolidation, with prices remaining below a significant resistance level for approximately ten months. However, the altcoin recently exhibited a bullish pattern, indicating a potential strong upward trend.

Bitcoin (BTC) surged above $50,000 on Monday, February 12, 2024, due to the growing interest of institutional investors in the digital currency space through exchange-traded funds. This surge catalyzed notable gains across the altcoin market, with FLOW recording a 10% increase on its daily chart

Flow did not immediately respond to a request for comment

But what is FLOW? How does FLOW work? Let’s see what we can find out, and also take a look at some of the FLOW price predictions that were being made as of February 15, 2024.

Flow Price Prediction 

Let’s examine some of the Flow price predictions being made on February 15, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

First, CoinCodex  had a short-term Flow price prediction that said the token would drop to $ 0.876648 by February 20 before recovering to $1.041170 by March 14. The site’s technical analysis was highly bullish, with 26 indicators sending positive signals and five making bearish ones. 

Flow Forecast for 2024

In terms of other sites Flow price predictions for 2024, DigitalCoinPrice  said the token would get to $2.05, while PricePrediction.net  had it trade at $1.32 by the end of the year. Changelly  said it would reach $0.702. 

Flow Forecast for 2025

When it came to making a Flow price prediction for 2025, Changelly said it would go to $1.98, while DigitalCoinPrice had it worth $2.42 and PricePrediction thought it would stand at $1.98 by the end of the year. 

Flow Forecast for 2030

Moving forward to a more long-term Flow price prediction for 2030, PricePrediction was out in the lead, saying it would close the year at $12.84. DigitalCoinPrice said it would get to $7.01 while Changelly hedged its bets in its FLOW price prediction, saying it would be worth $12.84at the start of the next decade.

Google Gemini Price Prediction for Flow (as of February 15)

Google’s Gemini platform gave the following price prediction for Flow on February 15. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve.

Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 Months):

• Expected price: Not Available

• Factors to Consider:
  • Overall market conditions: The cryptocurrency market, the stock market, and the global economy can all impact the price of FLOW.
  • News and events: Major news events, regulatory changes, or adoption by major companies can significantly affect the price.
  • Technical analysis: Analyzing historical price charts and technical indicators can provide some insights, but is not a guarantee of future performance.

Medium Term (Next 6 Months):

• Expected price: Not Available

• Factors to Consider:
  • The underlying project and its technology: What problem does FLOW aim to solve? What is its technical roadmap?
  • The team behind the project: Are they experienced and qualified?
  • The tokenomics of FLOW: How is the token distributed and used?
  • Market conditions: What is the overall state of the cryptocurrency market?
  • Regulations: How could regulations impact FLOW and its price?

Long Term (Next 5 Years):

• Expected price: Not Available

• Factors to Consider:
  • The market is complex and influenced by many factors: These factors include global economic conditions, interest rates, government policies, company performance, investor sentiment, and unforeseen events. It’s impossible to account for all of these variables and their interactions accurately.
  • Past performance is not indicative of future results: Just because FLOW has performed a certain way in the past doesn’t mean it will continue to do so in the future. The market is constantly changing, and past trends may not hold true in the future.
  • There are many different opinions on the future of FLOW: Experts and analysts all have different opinions on what the future holds for FLOW. This means that there is no single “correct” answer to your question.

Recent Updates from Flow

Flow said  it is now possible to trade FLOW SemiNFT on FlowVerse marketplace as well. It is the third mp which supports tokens of FIXeS ecosystem.

FLOW Price History

It’s now time to take a look at some of the FLOW price history . While we need to remind you that past performance should never be taken as an indicator of future results, knowing what the coin has done in the past can give us some very useful context when it comes to either making or interpreting a FLOW price prediction.

When FLOW first came onto the open market in January 2021, when it was worth about $8. As the market heated up from the so-called crypto winter of the previous few years, the price of FLOW shot up and it reached an all-time high of $46.16 on 5 April. 

After that, though, it fell and not even the NFT boom of late 2021 could stop it from closing the year at $8.80.

If much of 2021 had been about FLOW’s frustrated promise, then 2022 was a year of misery for the coin. It sank to $1.22 on 19 June and, despite making something of a recovery over the following months, November’s collapse of the FTX exchange saw it close the year at a pretty paltry $0.6535, down more than 90% from a year earlier. 

Flow in 2023 and 2024.

Although FLOW initially climbed to $1.43 by 20 February 2023, it was back down again after that, falling to a low of $0.4354 on 10 June, following the news that Crypto.com was suspending its American institutional operations following the news that the SEC was suing Binance and Coinbase.

Since then, it has made something of a recovery and, on 22 June, it was worth about $0.56. It then closed the year at $0.9096 and moved down for all January, ending the first month of 2024 at $0.7138. FLOW has regained strength in February, reaching $0.9274 on February 15, 2024.

At that time, there were 1.49 billion FLOW in circulation, representing the total supply. This gave it a market cap of $1.43 billion, making it the 57th largest crypto by that metric.

Flow Price Analysis

The price of FLOW peaked shortly after its market release in the Spring of 2021. Since then, it has been in a multi-year downtrend. By September 2023, it had fallen 98%.

A new uptrend started in October. FLOW broke past $1 in late December but fell down. 

Over the last week or so, though, FLOW has been on the rise and is now traded close to its previous high. We could now see an immediate trend continuation to around $1.50. That would mark the completion of the first uptrend, after which we expect the first bull market correction to about $0.75. 

If the price establishes a higher low, that would be the first sign of a bull phase, and another larger uptrend would be expected. FLOW could climb to $8 on the next uptrend. 

Is Flow a Good Investment?

It is hard to say. On one hand, the coin has been rather at the mercy of the market, although recent developments might give some people a cause for optimism.

Perhaps more importantly, in a world where Ethereum now operates on a Proof-of-Stake basis, it is hard to see why someone might want to take a risk on FLOW rather than ETH. 

That said, crypto is nothing if not unpredictable, so we never know precisely what is around the corner. As always, you will have to do your own research before making a decision. 

Will Flow go up or down?

No one can really say for sure. While the price predictions are generally positive, price predictions are very often wrong. You should also remember that prices can, and do, go down as well as up.

Should I invest in Flow?

Before you decide whether or not to invest in FLOW, you will need to do your own research, not only on FLOW but on other, similar, coins and tokens, like Ethereum. Most importantly, though, you will have to make sure you never invest more money than you can afford to lose.

Who is the Founder of Flow?

Flow is the product of Dapper Labs, the company behind the CryptoKitties blockchain game. Led by founders Roham Gharegozlou, Dieter Shirley and Mikhael Naayem, the team developed Flow as a platform for blockchain-based games and digital collectibles.

Who Owns the Most Flow (FLOW) Tokens?

On February 15, 2024, one wallet held 59.30% of FLOW’ supply.

Richest FLOW Wallet Addresses

As of February 14, 2024, the five wallets with the most Flow tokens were

• 0x7c5a7328ba50f57689dd8c6210cda54df337a471. This wallet held 5,930,441,523 FLOW, or 59.30% of the supply.
• 0x6dafde4c39f6d4b796a1fd48dcb362f9c4dbe8fd. This wallet held 2,219,044,039 FLOW, or 22.19% of the supply.
• 0xf500b1d9ddbbffcb9c3974cc5bc3425139a9b857. This wallet held 1,140,653,475 FLOW, or 11.41% of the supply.
• 0x5d1cad77d4b5e672fc17c4bb175eadcf932aae2b. This wallet held 206,718,848 FLOW, or 2.07% of the supply.
• 0x000000000000000000000000000000000000dead. This wallet held 116,836,657 FLOW, or 1.17% of the supply.

Fact Box

From the Whitepaper

In its technical documentation, or whitepaper , Flow says that its architecture is founded on the principle of ‘separation of concerns’. The network has specialized roles: Consensus Nodes and Execution Nodes. The core differentiation between the two node types is Objectivity vs. Subjectivity.

Flow Explained

When non-fungible tokens (NFTs) excited the cryptosphere and the world beyond that in late 2021 and early 2022, the consensus was that most of the rights to links to individual pieces of digital art would be on the Ethereum (ETH) blockchain. This concept also applied to The Metaverse, and the idea that people could interact via avatars in a massive virtual world. 

However, the Flow  blockchain aimed to provide an alternative. Arguing for quicker speeds and cheaper transactions than Ethereum, the platform, launched in early 2021, was designed to help people create their own systems.

Flow is the brainchild of Dapper Labs, the organization behind the pioneering CryptoKitties NFT collection, and is supported by the FLOW coin.

How Flow Works

The Flow blockchain uses a Proof-of-Stake (PoS) consensus mechanism, meaning that people are chosen to add blocks to the blockchain based on how much FLOW they own. 

Regarding the FLOW coin itself, it can also be staked in return for rewards, and people who hold it can vote on changes to the network. It can also be used as collateral for crypto loans and is used to pay for data storage and transaction fees on the blockchain.

It can also be bought, sold, and traded on exchanges.

Flow Attention Tracker

Here is a chart for the Flow Google search volume for the past 90 days. This represents how many times the term “Flow FLOW” has been Googled over the previous 90 days.

FAQs 

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About the Author

Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.

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