Flow Coin Price Prediction 2023-2031: Is FLOW a Good Investment?

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. Let’s see what we can take away from this Flow Coin Price Prediction,

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.

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Today’s Flow price is $1.04 with a 24-hour trading volume of $42,708,400. Flow is up 0.11% in the last 24 hours. The current CoinMarketCap ranking is #41, with a live market cap of $1,072,841,631. It has a circulating supply of 1,036,200,000 FLOW coins and the max. supply is not available.

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What is Flow Coin?

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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 afterward, it took on 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 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 Coin New Developments

The Flow blockchain network recently announced the open beta launch of the Flow community archive node. This development further improves Flow data availability by giving access to execution state data from the start of the current spork to the latest block.

 Flow Blockchain also announced that the total user account on Flow wallets had surpassed 17,000,000.

Flow Technical Analysis

Flow Coin Price Prediction 2023-2031: Is FLOW a Good Investment? 1

According to our technical indicators, the current market sentiment is bearish, while the Fear & Greed Index shows 25 (Extreme Fear). Flow recorded 12/30 (40%) green days with 8.46% price volatility over the last 30 days.

Flow is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 458 days, since Sep 06, 2021.

The current flow price is below the 50-day SMA, and this indicator has been signaling SELL for the last 31 days since Nov 07, 2022.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). The RSI value is at 34.79, which indicates that the FLOW market is in a neutral position.

Flow Price Prediction by Cryptopolitan

Many digital assets like Flow coin have come under a lot of pressure in 2022. Nonetheless, we are bullish on the overall outlook of the crypto market, and we expect a significant breakout in the market by next year. As a result of the price volatility that the crypto market currently experiences, we refrained from making further price predictions for 2022.

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Flow Price Prediction 2023

Our Flow price prediction for 2023 is a maximum price of $1.82. The coin’s lowest price is expected to be $1.54, and the average trading price of the coin is $1.59. The influx of new projects with other powerful ad campaigns can boost the price of FLOW in 2023.

Flow Price Prediction 2024

Our Flow price prediction for 2024 is a maximum of $2.66. The coin’s minimum price is expected to be $2.21, and the average forecast price of the coin is $2.27. In 2024, we expect to see the positive effects of projects and developments from 2023 on the Flow coin.

Flow Price Prediction 2025

According to our Flow price prediction for 2025, the coin’s maximum price is expected to be $3.89. According to our forecast, the minimum price of Flow in 2025 is $3.39, while the average Flow price is expected to be $3.39.

Flow Price Prediction 2026

Our Flow price prediction for 2026 is a maximum of $5.76. The minimum price the coin will have by the end of 2026 will be $4.80, while its average trading price is expected to be $4.93.

Flow Price Prediction 2027

Our Flow price prediction for 2027 is a maximum of $8.35. The minimum price the coin will have in 2027, according to our forecast, is $6.76, while its average price forecast would be around $6.96 by then.

Flow Price Prediction 2028

Our Flow price prediction for 2028 is a maximum of $11.57. The lowest price the coin will have in 2028, according to our forecast, is $9.67, while its average trading price is expected to be around $10.01.

Flow Price Prediction 2029

Our Flow price prediction for 2029 is a maximum of $16.82. According to our forecast, the minimum price the coin will have by the end of 2029 is $13.73, while its average price is expected to be around $14.13 by then.

Flow Price Prediction 2030

Our Flow price prediction for 2030 is that the Flow coin could skyrocket, and its highest price could reach $23.82. The lowest price of the coin is $19.96. The average value of the coin is expected to be $20.53.

Flow Price Prediction 2031

According to our Flow price prediction for 2031, the coin’s maximum price is expected to be $33.95. According to our forecast, the minimum price of Flow in 2031 is $28.72, while the average price of the coin is expected to be $29.54.

Flow Price Prediction by Wallet Investor

Wallet Investor predicts that Flow is a bad long-term investment. They expect the coin to devalue in one year and be worth $0.0433. The coin is likely to decrease by 97.98% by 2027.

Flow Price Prediction by Trading Beasts

Trading Beasts is bullish on Flow coin. However, they expect the coin to have a maximum price of $1.73, with a minimum price of $1.18 by 2023. By 2024, they hope the coin will have a maximum price of $2.497 and a minimum price of $1.698.

By 2025, Trading Beasts expect Flow to reach a maximum price of $3.198, with a minimum price of $2.175. The average trading price of the coin by that time is expected to be $2.559.

Flow Price Prediction by Digital Coin Price

Digital Coin Price predicts that Flow Coin will have a maximum price of $2.67, with a minimum price of $0.93 by 2023. By that time, the average trading price of the coin is expected to be $1.21.

By 2027, the Digital Coin Price flow forecast predicts that the maximum price of Flow coin will be $5.65, with a minimum price of $4.91. Flow coin is expected to have a maximum price of $20.08, with an average trading price of $19.99 by 2031. The lowest price the coin will reach is expected to be $19.37.

Flow Coin Price Predictions by Industry Influencers

Famous crypto expert Crypto Vault is optimistic about the future price of Flow coin. However, they predict the coin will do a 900% increase in the next bull cycle. Here is their complete analysis

Conclusion 

Flow is one of the top-performing blockchain platforms in the crypto-verse. The blockchain network is building the future of culture and community in web3. Because Flow has strong fundamentals and people are investing in it, the future of the cryptocurrency looks promising. According to our Flow price forecast, we expect Flow coin to reach $20. Even though we are bullish on the price of Flow, we advise you do your own research before investing in it.

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