Flow (FLOW) is a blockchain for Web3 and the metaverse, where developers can create consumer-scale dApps, NFTs, DAOs, and more. It utilizes a Proof-of-Stake mechanism.
It uses Cadene, a language for digital assets that uses a proof of stake consensus mechanism. It is empowered by the team behind Cryptokitties, NBA Top Shot, and NFL ALL DAY.
Flow crypto price hovers in a bullish zone and showcases strength over the daily timeframe. The price has witnessed a breakout in the recent sessions after a short-term accumulation above the 200-day EMA.
The bulls are dominating and the price forms an optimistic trajectory. The breakout has added over 11% to the market cap in the past four intraday sessions. Moreover, the breakout has turned the long-term trend positive above the 200-day EMA.
Flow Price Volume Analysis
The volume analysis shows that FLOW had a 24-hour trading volume of $100.042 Million with a drop of 39.73% as compared to the last day. The live market cap of FLOW is $1.15 Billion and it ranks 57th among all cryptos. The volume-to-market cap ratio is 9.03% indicating mild volatility in the market.
Flow Price Prediction 2023
The most optimistic price prediction of the analysts expects the FLOW price may reach a high of $0.966, signifying an upside potential of 25.04% from the CMP. The minimum price that FLOW could reach is $0.6531.
Flow Price Prediction 2024
As per analysts, the most optimistic target that the FLOW may achieve is $1.806, indicating an upside potential of 134.18% from the CMP. The average analyst price target is $1.431 by the end of 2024. However, the pessimistic view of analysts estimates the price to reach $0.997.
Flow Price Prediction 2025
The most optimistic analyst forecast for Flow crypto expects the price to reach a high of $2.726 with a potential gain of 255.37% from the CMP. The minimum forecasted price by the end of 2025 is $1.66.
Flow Price Prediction 2026
The FLOW price may reach a high of $4.3001 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $2.822 by 2026.
Flow Price Prediction 2027
As per our Analysts, the most optimistic price up to which it may advance is $5.066. The minimum price target that FLOW coin may achieve is $3.451.
Flow Price Prediction 2028
The most optimistic price prediction of the analysts estimates that the price could reach a high of $7.362 in the next five years. The pessimistic view of analysts expects the price to reach $5.196 by the end of year 2028.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
Source: https://www.thecoinrepublic.com/2023/12/07/flow-price-registers-breakout-how-high-can-flow-go-by-2028/