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Home Cryptocurrency

Flow Weekly Analysis And Price Prediction

Gezim Osmani by Gezim Osmani
29 March 2023
in Cryptocurrency
Reading Time: 2 mins read
0
What are the projects of FLOW?

In this article, we will analyze the FLOW coin, which is in fifty-second place behind Bitcoin, according to www.coinmarketcap.com data. First, we will discuss the FLOW coin and its projects and make a technical and graphic analysis. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.

What is FLOW Coin?

Flow is a blockchain network designed to enable decentralized applications (dApps) and digital assets to scale without compromising performance or security. Flow has its native cryptocurrency called “FLOW” that is used as a means of payment for transaction fees and also serves as a governance token for decision-making on the network.

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“Flow Coin” is not a separate cryptocurrency but it refers to the FLOW token that is used on the Flow blockchain.

Flow Weekly Analysis And Price Prediction

What are the projects of FLOW?

NBA Top Shot: A blockchain-based platform that allows users to buy, sell, and trade officially licensed NBA collectibles, such as video highlights and other digital assets.

Dapper Labs: The company behind NBA Top Shot is also building other blockchain-based games and digital collectible platforms, such as CryptoKitties and Dr. Seuss Digital Collectibles.

OpenSea: A decentralized marketplace for buying and selling digital assets that has integrated with the Flow blockchain to allow users to trade NBA Top Shot assets.

Animoca Brands: A leading digital entertainment company that has partnered with Flow to create blockchain-based games and other applications.

UFC: The world’s premier mixed martial arts organization has partnered with Flow to develop a digital platform for fans to collect, trade, and own UFC-branded digital assets.

These are just a few examples of the projects that are leveraging the Flow blockchain’s capabilities to build innovative decentralized applications and digital asset platforms.

FLOW COIN TECHNICAL ANALYSIS

FLOW, which reached its highest value of $ 35.61 in July 2021, has decreased by 97% since that date and is traded at $ 0.949 at the time of writing. According to www.coinmarketcap.com data, FLOW, which has a size of $983,899,124, has had a volume of $ 16,146,000 in the last twenty-four hours.

FLOW Chart Analysis

FLOW Chart Analysis

FLOW, which fell 97% after seeing the highest value of $ 35.61 in July 2021, seems stuck between $ 0.644-$ 1.39 since November 2021. I think that FLOW, which continues the downward trend, must break the downward movement if it is to rise. While we have resistance at $ 1,39 weekly, we need to work with the $ 0.644 support on possible pullbacks.

This article does not contain investment advise or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Gezim Osmani

Gezim Osmani

Senior Journalist, Content editor Hi there! My name is Gezim, and I'm a Senior Journalist covering crypto and fintech. I have a passion for technology and finance, and I've spent years following the latest trends in the industry. My goal is to make complex financial concepts accessible to my readers. I strive to provide insightful analysis and explain the latest developments in the world of crypto and fintech in a way that is easy to understand. I believe that knowledge is power, and I want to empower my readers to make informed decisions about their finances. In addition to my professional pursuits, I also love to take photos. I find that photography allows me to capture moments and emotions in a way that words cannot. Whether I'm traveling to a new city or exploring the great outdoors, I always have my camera with me. Photography is a way for me to express my creativity and connect with the world around me. When I'm not working or taking photos, I also enjoy hiking and spending time in nature. There's something about being outside and surrounded by natural beauty that brings me peace and clarity. I also love to read, and I'm always seeking out new books and articles to expand my knowledge. Overall, I'm driven by a desire to help people understand the complex world of finance and technology. Through my writing, photography, and other pursuits, I'm committed to creating content that inspires and informs my readers. I believe that everyone has the potential to achieve financial success, and I'm here to help them along the way. I would love to connect and see how we can work together to shape the future of crypto anf fintech. Let's connect and see where our shared interests and expertise can take us!

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