In this guide, we will voice our own and market’s opinion on FLOW future while discussing Flow price forecast for 2021 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like FLOW.
Now, let’s head into it.
Before we delve deep into the Iota price prediction and answer questions if Flow is a good investment or not, why will Flow succeed or fail or why will Flow price rise or drop, let’s quickly throw a glance at what is Flow and how it came about.
What is Flow Crypto?
After Cryptokitties was launched in 2017, major flaw of the Ethereum blockchain stuck out like a sore thumb: scalability.
The Dapper team tested and evaluated different approaches to solve this problem of scalability and came up with a solution: Flow.
Flow is a fast, decentralized, and developer-friendly blockchain developed by the team behind CryptoKitties, Flow was built to support a whole network of apps, games, and the in-app purchases that make them run. FLOW was built uniquely in such a way that without bargaining decentralization or compromising quality, an application’s network retains the standards needed to make them run smoothly. To further explain this, it offers a secure means for developers to build on each other’s work opening up possibilities for billions of consumers around the world.
Flow Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
FLOW Price Prediction For The Next 90 Days
Below is a tabular overview of how will FLOW develop in the short-term (for the next 90 days), according to our prediction model:
Flow Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
FLOW Price Prediction 2025
Our prediction model sees FLOW reaching $ 2.15 in 2025.
What will FLOW be worth in 5 years?
The price of FLOW in 5 years could lie around $ 2.06, according to CaptainAltcoin’s prediction model.
Flow Price Prediction 2030 – 2040
What Flow will be worth in 2030?
Our forecasting model sees Flow reaching $5.38 in 2030.
What Flow will be worth in 2040?
Our forecasting model sees Flow reaching $10.76 in 2040.
Will Flow replace / surpass / overtake Bitcoin?
No, Flow will not replace or overtake BTC.
Can Flow reach $100?
No, our prediction model sees no possibility for Flow to reach $100 in the short or mid-term period.
Is Flow worth buying?
We are advocates of moderately risky investing – 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. So, in this context, Flow is worth buying.
Is Flow a good investment?
Flow is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Flow be worth?
For the short-term future, it could reach $0.6457. In the long-term (8-10 years), it could jump to $5.38 or even higher.
Why will Flow succeed and go up in price?
Flow has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Flow rising up to $5.38 in 2030.
Why will Flow fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Flow go?
Our forecasting model sees Flow price exploding and reaching $10.76 in a distant future.
What is the short-term prediction for Flow?
Flow will reach $0.6457 in the next 90 days, which is a 41.2% change over the current price which hovers around $1.10.
Can Flow make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Flow millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Flow could make you a millionaire.
Flow Price Prediction Today - What will be the price of Flow tomorrow?
Flow will hover around $1.19 tomorrow.
WHY BUILD A NEW BLOCKCHAIN?
The Dapper Labs team was aware of the fact that the interconnectedness between smart contracts is more multifaceted and error-prone because of lapses in the generally followed method of sharding. Sharding- which is a term used for the process of separating large databases into smaller, faster, and easily manageable units- may be a suitable solution for payments, but has lapses when it comes to the ecosystem of complex applications like social networks or games. Flow meets the hopes of conventional developers and consumers without compromising decentralization or sharding the network.
HOW IS FLOW DIFFERENT?
Since time immemorial, the entire position on a blockchain is stored on every node (account balances, smart contract code, etc.) and performs all of the work associated with processing every transaction in the chain.
Flow is quite different in that it is designed to separate the jobs typically done by a single node across five different node types thus, the time and effort needed to improve consistency are reduced significantly. To further establish this approach, the Flow team developed a new cryptographic technique called Specialized Proofs of Confidential Knowledge (SPoCKs) to address the Verifier’s Dilemma. The Verifier’s Dilemma is a term used to explain the friction between the computationally complex puzzles in a Proof-of-work consensus network, the economic incentives offered for solving those puzzles and the rational behavior of the miners.
Flow is divided into FOUR node types to attain outstanding enhancement in speed and throughput
- The Collector Nodes amplify efficiency
- The Execution Nodes allow speed and scale
- The Verifier Nodes guarantee correctness
- Consensus Nodes ensure decentralization
By improving upgradable smart contracts and human-readable security, flow improves usability for developers and consumers by rethinking many other design choices.
The result is that each transaction has full ACID (Atomicity, Consistency, Isolation, and Durability) guarantee. With this approach, developers can safely and conveniently build on top of each others’ code, to create totally new products and services at a mouth-watering pace. This is called composability. A similar thing to composability is open source software, which allows developers to innovate faster, ultimately leading to more consumer choice.
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WHAT CAN YOU BUILD ON FLOW?
Flow offers different services for different categories of users
- Artists or bands can use crypto tokens to give millions of fans unparalleled new ways to show their fandom
- Games that reward players for adding value and enable assets and identities that users can take across infinite open environments platforms
- for sports fans around the world to trade verified, authentic, limited-edition digital memorabilia in real-time.
WHAT DOES FLOW MEAN FOR CRYPTOKITTIES, DAPPER, AND CHEEZE WIZARDS?
The first question on the mind of many is “what will happen to Cryptokitties, dapper and cheese wizards after the launch of flow?” From a statement released, Dapper Wallet will still support Ethereum and Flow without a glitch, giving consumers easy access to assets and applications on both networks. Both CryptoKitties and Cheeze Wizards NFTs and their associated smart contracts will continue to live on Ethereum. Flow will allow new features to be integrated into the game, including animations and third-dimensional capabilities.
Flow Price Prediction 2021 – 2025
“The FLOW token … is the native asset for the Flow blockchain that is used by validators, developers and users to participate in the FLOW network and earn rewards. Right now, as a user, you can interact with Flow via NBA Top Shot or by buying artwork from the VIV3 NFT marketplace, as well as other working apps built on the blockchain. Developers can begin using the various built-in tools to experiment with Flow and start building their own dapps.
While Bitcoin and Ethereum show how crypto can make the world of finance more open and transparent, Flow aims to do the same for consumers of entertainment and culture. Dapper Labs’ NBA Top Shop project is now the most popular non-fungible token (NFT) series by volume after being launched in October 2020. The firm has generated almost $100 million in NFT sales.
Flow is still highly concentrated by Dapper Labs (20%), its development team (18%), and large investors (11.1%) and small investors (8.9%). This could be a red flag when it comes to the decentralization of the network but could this could change in the future with further dilution and other community sales.
NFTs are on the rise and are offering to create many tokenized brands. With the recent fundraising, Dapper Labs will be able to work with Warner Music Group, Dr. Seuss Enterprises, and the Ultimate Fighting Championship (UFC) to create new experiences.
Is Flow coin a good investment?
Overall, FLOW coin is worth investing thanks to its use case, technology and team.
Why will FLOW succeed?
Flow has a big chance of succeeding thanks to the fact that NFTs are on the rise, it has solid technology behind the project, great business dynamics and partnerships. It is one of the best NFT projects to invest in 2021.
Why will FLOW fail?
One of the reasons why Flow might fail is a pretty weak community behind the project, general lack of communication with retail investors (the team seems more focused on companies and large investors). This leads to a deficient speculative potential and lack of hype around the coin which is the main fuel behind the rise of the majority of crypto coins.
WHERE CAN YOU BUY FLOW?
Since you cannot buy flow with fiat, you will need to look for an exchange that supports both fiat and cryptocurrency to make things easier when buying Flow.
There are currently 15 Flow exchanges where you can buy, sell and trade Flow (FLOW)
- Open an account on an exchange that supports FLOW. (a few examples include OKEx, Kraken, UPbit, Huobi Global, Pionex, gate.io)
- Most exchanges require registration with an email address, phone number, and proof of identity to register. Complete the KYC
- Deposit funds into your account: Fund your account with a bank transfer, pay with a credit or debit card, or deposit cryptocurrency from a crypto wallet to buy FLOW.
- Buy Flow- Since it is not possible to buy all FLOW directly with U.S. dollars. You will need to buy either Bitcoin or Ethereum with your fiat before clicking on the trading pair, depending on what you choose, the trading pair should have changed to FLOW/BTC or FLOW/ETH. You can place your buy order by selecting New Order. You should see two options; the limit order button and the market order button. If you want to buy FLOW when it reaches a specific price, use the limit order by selecting the Limit button. Enter the desired price (in BTC or ETH) and the amount of FLOW you want to buy, and then click the Buy button.
- Complete your Flow purchase and HOLLA!!! You now own some FLOW token.
WHERE CAN YOU STORE FLOW?
Flow (Dapper Labs) has its own wallet software that is available for download on its website. With this, you can store Flow (Dapper Labs) on your computer or your hardware wallet. For the utmost security, you should store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you are not a big fan of a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store your flow token with some other cryptocurrencies and you will enjoy some added security benefits.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com