What is Flow Crypto?

Flow is a decentralized high-speed, developer-friendly blockchain designed by Dapper Labs for powering new generation games, apps, and digital assets. The multi-role architecture of Flow is designed for scaling without sharding. It has an ACID-friendly environment improved throughput, along with a developer-friendly environment. The Flow applications allow users to keep their data within their control. They can create open economies, and digital assets are accessible anywhere globally.

Flow Overview

Cryptocurrency Flow
Ticker Symbol FLOW
Price $5.06
Price Change 24h +6.24%
Price Change 7d +1.94
Market cap $2,854,421,872
Circulating Supply 1,036,200,000 FLOW
Trading Volume $94,298,240
All time high $46.16
All time low $4.34
Flow ROI +2635.01%

Multi-role architecture is designed to serve billions of people, from game players to business leaders, without sharding or reducing decentralization consensus. Smart contracts of Flow are written on the easiest and safer programming language called Cadence. Consumer onboarding is designed with secure payments and proper assistance. ACID transactions enhance the user experience, making the Flow ecosystem unique among other crypto and blockchain industry leaders.

All the Flow blockchain projects, upcoming NFT drops, and AMA reports are available in lowercase. Flow Festival is organized to bring the community members together and encourage them to build the ecosystem. New NFT drops together, taking Flow to new heights. Flow community has been partnered with crypto kitties, NBA Top Shot, UFC, Warner Music Group, Star, NFLPA, Ubisoft, Genies, Binance, Samsung, Circle, Open Sea, Berkely, and many more.

Flow has an open-source tooling system that includes Flow Go Software Development Kit, Flow Javascript, Visual Studio Code Extension, Flow playground GUI, Human-Readable Security, Smart User Account, Reward Programs, and Developer Ecosystem are additional features of the Flow.

Use Cases of FLOW Token

FLOW is the native cryptocurrency of the Flow ecosystem. It is used for all protocol-level fee payments, transactions, rewards, and staking of FLOW tokens. Flow has a Flow fungible token interface in Cadence. This allows the user to write smart contracts on Cadence, interacting easily with Flow. Flow be worth it, and the user can acquire it in the following ways.

  • Claim Flow as a Baker
  • Receive Flow as a Reward for Running Node
  • Earn Flow as a Platform Contributor

The earned Flow can be spent, stake, delegate, hold, vote, create, develop and grow dapp. Flow client library acts as a tool for signing into transactions. Investors can sign in with their account for spending FLOW tokens. Flow holders can engage with the Flow community, participate in discussions, and vote for Flow governance. Users can create a Blocto account via Flow port or mobile application for using Flow tokens.

There is an account creation fee of $0.001 Flow, and the transaction fee of Flow is limited to $0.00001 Flow. Contributors can earn Flow tokens in the following ways such as Alpha program, Token lease staking program, and open-world builders. The team behind Flow has also developed crypto kitties, NBA Top Shot, and Dapper wallet. Here, the dapper wallet provides seamless support to Etheruem and Flow. With dapper wallets, users can access other assets and applications on the Flow network for trading.

Technical Analysis of Flow

Flow coin is trading with a current price of $5.70 with a 24-hour trading volume of $77,296,222.26. The current market cap is $2,050,719,943.05, and the circulating supply of the token is 358,986,557 FLOW. The maximum price of Flow traded for the day at $5.30; the minimum price is $4.38. The All-time high at which Flow traded was $46.16, as on April 05, 2021, while the all-time low was $4.34 as on Jan 24, 2022. Technical analysis on the daily chart shows a falling wedge pattern in long-term Flow movement, which means bear markets may overtake the Flow coin.

On the daily time frame, the price drop respects the trendlines. Flow coin price trades through a bearish pressure in the cryptocurrency market. Every minor price increase results in a further decline for the Flow coin to the next lowest price level, and the trend continues.

Flow Price Predictions

The price of Flow has already crossed the crucial support level. Dapper labs’ Flow coin is unable to record a price rise. After the bearish signal formation of last September 07, 2021, the value decreases continuously; the downtrend continues to form lower lows.

Major resistance is placed at $8.174 and then $9.710. Digital coins normally show a mixed momentum after all-time highs, but the Flow is tremendously falling. The next support level is placed at $5.125. The next major support zones are $4.666 and $4.274, below which happens to be a confirmatory sell Flow signal.

Flow Cryptocurrency Price Prediction

Short-term technical analysis of indicators shows that the Relative Strength Index is at 39.13. The MACD line crosses the signal line, and volume does not support the price move. Hence the current market status of Flow price is a downtrend; investors need to be cautious on current investment. Short-term traders can only initiate swing trades after a fall, but as of now, data is not favorable for investment. Flow’s expected to fall from the current price due to the negative trend. Many traders may plan to exit the Flow market.

Flow Coin: Market Sentiments

The whole idea of Dapper Labs behind FLOW was to develop a blockchain that is open to the whole world. The current price of Flow is $5.70. The market cap is at $2,050,719,943.05, and the fully diluted market cap is $7,873,070,018.38. The highest price at which the coin traded was $46.16 on Apr 05, 2021, and the lowest price was $4.34 as on Jan 24, 2022. The current price is quite close to the all-time low price, and if the price movements do not change, it may create a new all-time low too.

It is not much a ‘Talk of the Town’ anymore, and the market sentiments are bearish for the coin. One of the various reasons for the price fall is that there is a lack of communication among retail investors. The Flow team is more focused on dealing and communicating with the large traders and companies. Due to this, the coin is less in talk and could not create the much-needed hype that can trigger a price rise.

It is a known fact that the biggest fuel behind the success of any coin is the popularity amongst traders and investors. That is the reason why Meme coins are so popular. They are community-driven, always trending on Twitter, and quite the talk of the town, despite being devoid of fundamentals.