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Flow price prediction Is Flow a good investment

Flow price prediction: Is Flow a good investment?

  • 19 October 2021
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This FLOW Price Prediction 2021 article is based on technical analysis only. Below, you will see the key metrics we have considered when analyzing and forecasting FLOW prices.

Among the cryptocurrencies on the rise this year, FLOW is perhaps the most surprising to some. This is not directly related to bitcoin and is not the most common cryptocurrency today. But for those who know, FLOW has been around since 2019.

Can FLOW reach $37 in 2021? We will find out shortly. But before we proceed to our FLOW analysis, let us first answer the question “What is FLOW?” in this FLOW prediction 2021 article.

What is Flow (FLOW)?

Flow is a decentralized, fast, and developer-friendly Blockchain developed as the basis for a new generation of digital games, applications, and assets that empower them. In addition, Flow Blockchain is a Layer 1 team originally developed by a team that consistently delivers great consumer blockchain experiences such as CryptoKitties, Dapper Wallet, NBA Top Shot.

The FLOW token is the native cryptographic token of the Flow network. In addition, it is the cornerstone of a new, inclusive, borderless digital economy. In addition, if Flow is a digital infrastructure, the FLOW sign is the fuel that enables the network. Even more, FLOW is the currency required by the network and all its top applications to perform. In addition, FLOW is designed as a payment method as well as a long-term reserve asset for the entire flow economy.

Flow crypto

The password is used by creditors, developers, and users to participate in the FLOW network and earn rewards. In addition, it is used for costs and participation in future protocol management.

Even more, Flow is a blockchain designed from the ground up to accept mainstream and is the only blockchain technology that develops usability enhancements at the protocol layer. Top developers and some of the world’s largest brands are currently developing on Flow, enabling entirely new experiences with high-level content.

Flow is home to a wealth of top entertainment brands, development studios, and investment-backed startups. In addition, the Flow Ecosystem partnership includes global IP brands such as Warner Music, Ubisoft, NBA, and UFC. Leading game developers, including Animoca Brands, Sumo Digital, and nWay. Encryption leaders, such as Circle and Binance. There are also several notable projects among the next generation of high-growth startups, including Opensea.

Now that we are clear about FLOW, do you think FLOW will be useful cryptography in 2021? Join me and let us see the charts in this FLOW price analysis and FLOW price prediction.

A brief history of the Flow

Dapper Labs, the team behind Flow, is sourced from Axiom Labs, a start-up, venture capital, and incubator assembled in one unit. CryptoKitties was developed in 2017 before Dapper Labs started its company in early 2018. The following year, Dapper Labs finally announced its new project, Blockchain Flow. In the same issue, he advertised an $ 11 million investment by Silicon Valley venture capital firm Andreessen Horowitz. Since then, Dapper Labs has raised a total of $ 100 million to fund NBA Top Shot and other products. Even legendary basketball player Michael Jordan invested, ready to help expand the project.

Flow has changed a lot in price since its release. It traded just over $ 6 in January and peaked at $ 44 a little over two months later. It did not last long and fell steadily over the next two months until it fell below $ 7 in June. Fortunately for Flow holders, the cryptocurrency market has improved significantly since the recent rally. At the time of writing, Flow is trading at $ 22.50, which is still very low from its highest level.

FLOW Current Market Status

At the time of writing this FLOW price analysis, FLOW is trading at $ 13.28 with a 24-hour trading volume of $226,108,661.

In addition, FLOW has a current circulation source of 42,429,369.00 FLOW. Currently, the top cryptocurrencies are FLOW OKEx, Huobi Global, FTX, Upbit, and HitBTC.

The best wallet for FLOW

Best Hardware Wallet: Ledger

Ledger is the most popular hardware wallet in the world, and the brand’s superiority does not seem to be fading. It is very popular because it is one of the safest ways to store your cryptocurrencies. The company produces 2 main wallets: Ledger Nano S and Ledger Nano X. Ledger supports Bitcoin, Ethereum, Ripple, all ERC-20 tokens, Flow, and many other cryptocurrencies. Before you can manage your Flow with your Ledger, you need to download and install the Flow app on your device. Follow the quick guide on the Ledger website to get the app.

Both models use a valid secure chip that generates, encrypts, and safely stores your wallet’s private key. The private key is the only way to access the encrypted portfolio and never leaves the device without even seeing the ledger. Nano S is a simpler device and is very suitable for beginners who are looking for high security for their capital. The Nano X has a larger screen and Bluetooth functionality to eliminate the vague smoothness that most hardware wallets often suffer from. The Nano X will be easier to use, but both models will keep your encryptors safe.

Best Software Wallet: Dapper

If you hope to use a regular Ethereum bag like Metamask or Coinbase Wallet to store your Flow, you will be disappointed. However, Dapper Labs builds its wallet that works with the Flowchain blockchain and the Ethereum network: Dapper. You can attach a credit or debit card to pay for your wallet and use wired transfers to withdraw if needed. Easily connects to DApps in Flowchain blockchains like NBA Top Shot to store your purchases, collections, and tokens. You will probably have to use the Dapper Labs wallet until other top wallets expand into the Flow blockchain.

FLOW Price Analysis 2021

Currently, FLOW is ranked 43rd on CoinMarketCap. But will the latest updates, developments, and changes in the FLOW blockchain help raise the price of cryptocurrency? Let’s go to the charts in this FLOW price prediction article.

In the chart above, which is set at the daily time interval, we can see the pattern of the downtrend channel. A descending channel is a price action that is performed in a downward direction through a sloping parallel line. In addition, the chart shows the lowest and lowest levels of this price pattern. In addition, this pattern represents a short-term downtrend.

As shown above, earlier this month, FLOW changed from an uptrend to a bear trend. This is the result of the high volume of trade that occurs at that time.

The Relative Strength Index (RSI) is above 65, meaning that FLOW has been bought in an almost overvalued position. According to these traders should be careful when trading and avoid further losses.

Let’s also look at the Simple Moving Average (SMA) and the FLOW EMA.

Since the beginning of 2021, the FLOW price has seen many upward movements, which is higher than the previous movement. In addition, these are immediately followed by fluctuations, aggregation, and corrections. With this in mind, FLOW has a competitive market in 2021.

FLOW Price Prediction 2021

The chart below shows that FLOW has performed tremendously over the past few days. In addition, the FLOW price shows an upward trend. If this trend continues, FLOW may move with the cows and move above the $ 37.45 resistance level.

FLOW Price Prediction 2021

Conversely, if investors turn to cryptography, the bears may dominate and take FLOW out of their uptrend. In simple terms, the FLOW price may drop to $ 10.84, which is a bearish signal.

Meanwhile, our long-term FLOW long-term price prediction for 2021 is bullish. This has a high potential for reaching new heights. However, this only happens if it breaks many of the past psychological resistances.

Flow (FLOW) Price Prediction/Forecast for 2021, 2022, 2023, 2024, 2025 and 2030

At PricePrediction.Net, we forecast future flow price/flow forecasts using in-depth technical analysis using artificial intelligence on previous flow price data. We do our best to collect the maximum historical data for the FLOW coin, which includes several parameters such as past price, current market, current volume, and a few others. If you are looking to invest in digital cryptocurrencies and want to invest well, read our forecasts.

Flow Price Prediction 2021

According to our in-depth technical analysis of previous FLOW price data, the Flow price is expected to reach a low of $ 14.92 in 2021. The FLOW price can reach the maximum level of $ 16.40 with an average trading price of $ 15.65.

Flow Price Prediction 2022

The price of Flow is expected to reach at least $ 23.02 in 2022. The price of Flow could reach a high of $ 26.59 with an average price of $ 23.64 in 2022.

FLOW Price Prediction for 2023-2024

According to price forecasts and technical analysis, in 2023 the price of Flow is expected to reach at least $ 33.50. The FLOW price can be as high as $ 39.78 with an average trading price of $ 34.68.

The price of 1 Flow is expected to reach a minimum level of $ 47.55 in 2024. The FLOW price could reach a high of $ 57.94 with an average price of $ 48.94 in 2024.

Flow Price Prediction 2025

The current price is expected to reach the lowest possible level of $ 69.84 in 2025. According to our findings, the FLOW price can reach the maximum possible level of $ 82.09 with an average forecast price of $ 71.80.

Flow Price Prediction 2026

According to our in-depth technical analysis of previous FLOW price data, the Flow price is expected to be at a minimum of $ 96.76 in 2026. The price of Flow can reach a maximum of $ 118.47 with an average trading value of $ 100.35.

Flow Price Prediction 2027

The price of Flow is expected to reach at least $ 140.78 in 2027. The price of Flow can reach a maximum of $ 166.55 with an average trading price of $ 145.80 during 2027.

Flow Price Prediction 2028

According to forecasts and technical analysis, the price of Flow is expected to reach a minimum price of $ 200.47 in 2028. The FLOW price can reach the maximum price of $ 252.12 with an average value of $ 207.76.

Flow Price Prediction 2029

The price of Flow is expected to reach at least $ 282.81 in 2029. The price of Flow could reach a maximum of $ 345.19 with an average trading price of $ 293.20 during 2029.

Flow Price Prediction 2030

The current price is expected to reach the lowest possible level in 2030, at $ 439.86. According to our findings, the FLOW price can reach the maximum possible level of $ 498.69 with an average forecast price of $ 451.59.

Conclusion

FLOW has a bright future ahead of us in 2021. With continuous improvements within the FLOW ecosystem as well as in the overall cryptography market, we may see FLOW reach new heights. Bullish the FLOW price prediction for 2021 is $ 37. As mentioned above, if investors decide that FLOW is a good investment in 2021, along with major cryptocurrencies such as Bitcoin and Ethereum, they may reach their new ATH. So FLOW can be a good investment after Bitcoin cloud mining.

One response to “Flow price prediction: Is Flow a good investment?”

  1. Herve Fodouop says:

    Good to know

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