Flow, a
cryptocurrency, is anticipated to perform well until 2030, according to different price prediction models. Influences like large amounts of Bitcoin flowing into Bitcoin L2s contribute to this expectation. While stock-to-flow models have been destroyed for Bitcoin, one analyst predicts Bitcoin's price could reach $500K.
Circle, however, intends to end USDC support on Flow's blockchain, which could impact Flow's value. Other digital assets are also showing considerable fund flows. With Bitcoin’s liquidity potentially flowing into the Cardano ecosystem, Flow may face competition. Despite market dip, Bitcoin-associated ETF sees substantial daily flow, suggesting that a segment of investors sees value in classic cryptos like Bitcoin.
Flow demonstrated remarkable network upgradations, including a partnership with
Google and
Ubisoft, which sparked a 17% rise in its value. But, as Flow ventures into these new opportunities, issues arise. Scrutiny around
MicroStrategy’s cash flow and Bitcoin holdings precedes its Q2 earnings and OKX temporarily suspends Flow Network deposits and withdrawals amid primary network upgrade.
The US Bitcoin ETFs record significant inflows, maintaining a positive flow trend while Ether spot ETF underperforms versus Bitcoin. Stable coins and ETF flows are believed to hint bullish sentiments among traders, influencing Bitcoin’s future performance, which potentially affects altcoins including Flow.
However, with Bitcoin jammed in a downtrend, despite $20B milestone in ETF flows, investor sentiment could slow down momentum for the entire crypto market, including Flow.
FLOW Coin News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Thu, 21 Nov 2024 22:26:56 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 3
