Key Takeaways
The Flow platform’s FLOW coin has been recovering in recent weeks. Spurred by a buoyant crypto market, FLOW moved up from a pretty low summer, and on November 27, 2024, it was worth about $0.865.
Let’s take a look at our Flow price predictions, made on Nov. 27, 2024. We will also examine the Flow price history and briefly discuss what Flow is and what it does.
Let’s examine some of CCN’s Flow price predictions on Nov. 27, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
Minimum FLOW Price Prediction | Average FLOW Price Prediction | Maximum FLOW Price Prediction | |
---|---|---|---|
2025 | $0.90 | $1.50 | $2.50 |
2026 | $1.20 | $2.20 | $3.50 |
2030 | $3 | $6 | $10 |
FLOW’s price trajectory for 2025 will likely hinge on the broader market recovery and its ability to maintain momentum following its current wave structure. With the increasing adoption of blockchain-based ecosystems and FLOW’s role in NFT and decentralized applications, its average price could climb to $1.50, while strong bullish cycles could push it to $2.50. However, if macroeconomic conditions or market sentiment falter, the price might drop to $0.90, reflecting minimal growth.
By 2026, FLOW could benefit from further developments in its ecosystem as partnerships and new use cases drive demand for the token. The average price of $2.20 reflects steady growth supported by increasing user engagement, while a breakout in blockchain adoption could drive prices to $3.50. Conversely, any setbacks in technology adoption or competition from other layer-1 solutions might keep the price closer to $1.20.
Looking further ahead, 2030 represents a critical point for blockchain technology as it matures and integrates deeply into mainstream industries. FLOW’s role in NFTs and gaming could place it at the forefront, driving its average price to $6.00, with a max projection of $10.00 in a highly favorable environment. Nonetheless, risks of regulatory challenges or competing technologies could limit its growth, resulting in a minimum price of $3.00.
FLOW’s daily chart reveals a strong bullish breakout, confirming wave three of a five-wave Elliott structure. Since the Nov. 4 low of $0.47, the price surged past the $0.654 resistance, peaking near $1 before facing rejection at prior structural highs.
The RSI indicates overbought conditions, signaling a potential wave four correction. However, the broader bullish trend remains intact as long as key supports hold, setting the stage for wave five to extend the rally.
The recent drop from the $1 high on Nov. 24 suggests a possible correction, though the current structure doesn’t fully confirm this phase yet.
On the hourly chart, FLOW consolidates after completing wave three at $1, forming a descending triangle indicative of a potential wave four corrections. The ascending trendline from the wave two low provides critical support for the ongoing bullish structure.
A break below the trendline could signal the end of the uptrend from Nov. 4, leading to a larger correction. Conversely, an upward breakout from the triangle could confirm wave five, targeting $1.10 or higher.
The FLOW price prediction for the next 24 hours depends on the breakout directions.
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 Nov. 27, 2024, FLOW’s ATR was 0.0064, suggesting average volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov. 27, 2024, Flow’s RSI was 66, indicating a bullish, but not quite overbought, sentiment.
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 Nov. 27, 2024, the Flow TVL ratio was 37.5, suggesting notable overvaluation.
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 Nov. 27, 2024, Flow scored 71.6 on the CCN Index, suggesting momentum strong enough to indicate an imminent trend shift.
We examined the Flow price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, suggesting the best times to buy FLOW.
Day of the Week | Saturday |
Week | 28 |
Month | July |
Quarter | First |
Following that, let’s now take a look at some of the key dates in the Flow price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Flow price prediction.
Time period | Flow price |
---|---|
Last week (Nov. 20, 2024) | $0.7079 |
Last month (Oct. 27, 2024) | $0.5183 |
Three months ago (Aug. 27, 2024) | $0.5881 |
Last year (Nov. 27, 2023) | $0.7053 |
Launch price (Jan. 28, 2021) | $6.57 |
All-time high (April 5, 2021) | $46.16 |
All-time low (Sept. 11, 2023) | $0.3921 |
The market capitalization, or market cap, is the sum of the total number of FLOW in circulation multiplied by its price.
On Nov. 27, 2024, Flow’s market cap was $1.34 billion, making it the 71st-largest crypto by that metric.
On Nov. 27, 2024, one wallet held more than 160 million FLOW.
As of Nov. 27, 2024, the five wallets with the most Flow tokens were:
Supply and distribution | Figures |
---|---|
Total supply | 1,546,208,578 |
Circulating supply (as of July 25, 2024) | 1,546,208,578 (100% of total supply) |
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.
When non-fungible tokens (NFTs) excited the crypto sphere and the world beyond 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, the idea that people could interact via avatars in a massive virtual world.
However, the Flow blockchain aimed to provide an alternative. Launched in early 2021, it argued for quicker speeds and cheaper transactions than Ethereum and 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.
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.
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.
No one can really say for sure. While the price predictions are generally positive, they are very often wrong. You should also remember that prices can, and do, go down and up.
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.
Although FLOW traded above $10 at one point in early 2021, the consensus is that it will not do so again for a while yet.
Price predictions based on technical analysis suggest it could, potentially, reach double figures in 2030.
People who hold FLOW can not only add blocks to the Flow blockchain, but can also vote on decisions on the future of the network.
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.