Many blockchain projects are now offering their own approaches to solving the problem of scalability. In this article, we'll take a look at Flow, the project that offers its unique solution to this problem. We'll explore the Flow platform, its native token FLOW and its price predictions. What does FLOW crypto do? What is the FLOW price prediction for 2025? Let's find it out.

What is Flow (FLOW)?

Flow is a Layer-1 blockchain designed for creating decentralised applications (dApps) and digital assets, built with a focus on scalability and a developer-friendly ecosystem.

Flow doesn't use sharding and is built around Cadence, our own programming language that is easy to use and makes writing smart contracts safer and more secure. — Roham Gharegozlou, Co-Founder and CEO of Dapper Labs.

The history of Flow

The Flow blockchain platform was launched by Dapper Labs, a Canadian company founded by Roham Gharegozlou, Dieter Shirley and Mik Naayem. This company was behind the famous blockchain game CryptoKitties. This game was so popular at one point that it caused a serious slowdown in the Ethereum blockchain. This inspired the company to develop a blockchain platform specifically designed to solve the scalability problem. In 2019, the company published the Flow whitepaper and raised $11 million in funding.

In June 2020, the FLOW token was launched. In September 2020, a public sale of the FLOW token raised $18 million. After that, in October 2020, the company collaborated with the National Basketball Association (NBA) to create NBA Top Shot, an app for basketball fans on the Flow blockchain that instantly became very popular. In December 2020, validator rewards were enabled on the mainnet.

Flow's features

Flow is a Proof-of-Stake blockchain platform that uses a multi-role architecture to resolve scalability issues. The blockchain has been able to achieve high transaction speed and throughput by separating the tasks of the nodes. Not one but four types of validators are responsible for processing transactions and maintaining network security:

1. Collector nodes. Collector nodes gather transactions from external clients and group them into collections, which are then sent to consensus nodes.
2. Consensus nodes. Consensus nodes are responsible for achieving agreement on the state of the blockchain. They form blocks from collections, add them to the chain, and maintain the chain of blocks. Flow employs a Byzantine Fault Tolerance (BFT) consensus algorithm to achieve this.
3. Execution nodes. Execution nodes provide the raw computational power needed to determine the result of the transactions. They execute the finalised blocks generated by the Consensus Nodes.
4. Verification nodes. Verification nodes verify the correctness of the execution nodes' results.

Smart contracts on Flow are written using the resource-oriented Cadence programming language. In addition, Flow offers developers a set of tools and resources to facilitate the creation and deployment of smart contracts and dApps.

FLOW is a native token of the platform and has a number of uses:

• Staking. FLOW tokens are required for validators to participate in the consensus mechanism of the Flow blockchain.
• Transaction fees. All transactions on the Flow network — including sending tokens, executing smart contracts, or creating user accounts — require the users to pay transaction fees in FLOW.
• Governance. FLOW tokens can be used to vote on future network upgrades, protocol changes, and ecosystem development.
• Storage deposits. FLOW token is required as a minimum balance to reserve on-chain storage.
• Collateral. The token is used as collateral on DeFi apps.

Initially, 1.25 billion FLOW tokens were issued. New tokens are being issued to reward validators. Currently, FLOW's inflation rate is approximately 5% per year.

How to buy and sell Flow crypto

FLOW tokens are traded on many centralised crypto exchanges, including major ones. Buying and selling it isn't difficult.

Flow (FLOW) price analysis

As of 25 October 2023, the FLOW token ranked 68th among cryptocurrencies by market capitalisation at $532,230,064.

FLOW price statistics (as of 25/10/23)

FLOW's price history

FLOW was listed on crypto exchanges in early 2021, before the start of the bull run. Due to this, its price started to rise almost immediately and reached its all-time high on 5 April 2021.

After the correction, which lasted from May to June 2021, the price started to rise again but failed to reach an all-time high. After reaching the local high on 30 August 2021, FLOW showed a long decline, which lasted until the end of August 2023. Since then, the price has been moving sideways.

FLOW/USDT price chart

Trade Flow NOW
 

FLOW technical analysis

On 21 October, the FLOW's price broke the downtrend and the global descending wedge. Moving Averages, MACD, Parabolic SAR and RSI MA all indicate bullish sentiment. At the same time, RSI is very close to the overbought zone.

The nearest support levels are $0.48, $0.41 and $0.39. The nearest resistance levels are $0.54, $0.57 and $0.71.

Flow (FLOW) price prediction 2023

FLOW has reacted positively to the recovery that has begun in the crypto market. If a bull run starts, it may well drag this token with it. However, it should be taken into account that FLOW has repeatedly broken the downtrend line during the 2-year bearish trend, but it turned out to be a short-term recovery every time.

Register on StormGain Now
 

Flow (FLOW) coin price prediction for 2023, 2025, 2030 and 2040

Despite the long decline in price, the FLOW token is still in the top 100 cryptocurrencies. And that means forecasting services have paid attention to it. Let's see what they think about the token's future.

Wallet Investor's FLOW price prediction for 2023, 2025, 2030 and 2040

Wallet Investor predicts a sharp drop in the price in the near future and its subsequent slow recovery. They believe the price will be $0.0528 at the end of 2023, $0.1032 at the end of 2024, $0.0864 at the end of 2025 and $0.199 at the end of 2027.

CryptoNewsZ's FLOW price prediction for 2023, 2025, 2030 and 2040

According to CryptoNewsZ's forecast, the FLOW's price will rise. It'll be between $1.75 and $2.50 in 2024, between $2.05 and $3.00 in 2025 and between $5.50 and $7.00 in 2030.

Cryptopolitan's FLOW price prediction for 2023, 2025, 2030 and 2040

Cryptopolitan also predicts the token's price to rise. According to them, the average price will be $0.70 in 2023, $0.97 in 2024, $1.40 in 2025, and $8.56 in 2030.

CoinCodex's FLOW price prediction for 2023, 2025, 2030 and 2040

CoinCodex expects the FLOW's price will be in the range of $0.44‒$1.17 in 2024, in the range of $0.99‒$3.99 in 2025 and in the range of $2.86‒$3.62 in 2030.

DigitalCoinPrice's FLOW price prediction for 2023, 2025, 2030 and 2040

According to DigitalCoinPrice's calculations, the token will be worth $1.08 at the end of 2023, $1.26 at the end of 2024, $1.84 at the end of 2025 and $5.27 at the end of 2030.

Price Prediction's FLOW price prediction for 2023, 2025, 2030 and 2040

Price Prediction also anticipates the token's price to rise. They believe the average price will be $0.70 in 2023, $0.97 in 2024, $1.40 in 2025, and $8.56 in 2030.

CryptoPredictions'FLOW price prediction for 2023, 2025, 2030 and 2040

CryptoPredictions believe the price will reach $0.711 at the end of 2023, $0.803 at the end of 2024, $0.718 at the end of 2025, and $1.046 at the end of 2027.

Trade Flow NOW
 

Flow (FLOW) overall future value predictions

Is Flow crypto a good investment?

Flow offers its own promising approach to solving the scalability problem. This, coupled with a user-friendly and developer-friendly environment, a growing ecosystem, partnerships and a number of technical innovations, makes it worth a look. However, the project has a number of drawbacks that need to be considered:

• Competitive market. Many blockchain projects are now offering their own solutions to the scalability problem. Competition in this niche is quite intense.
• Token distribution. A fairly prominent portion of the token supply is controlled by the project team and large investors.
• Educational barrier. While Flow aims to be developer-friendly, there may still be a learning curve for those new to the platform, especially if they are coming from other blockchain ecosystems.

Will Flow reach $10?

Considering that the token's price has already reached higher values, this is quite possible.

How high can the FLOW coin go?

If the platform can withstand the competition and continues to grow successfully, the token's price could exceed $15.00 during the next bull run.

Flow (FLOW) crypto price prediction today

Now, it's a correction period after a sharp rise in the token's price, but so far, most indicators are pointing to the price being very likely to increase further.

Register on StormGain Now