Flow (Flow): Blockchain Solutions for Games’ and Apps’ Development
Flow’s (FLOW) Innovations
Flow (FLOW) is a decentralized and innovative blockchain that allows generating new game-related apps. Various digital assets can also be created to make such games more interactive and appealing to the majority of users. In particular, they may be able to trade various digital items as well as collect the relevant digital property.
Flow’s developers have a vast experience in creating the following original blockchain solutions: CryptoKitties, NBA Top Shot, and Dapper Wallet. They indicate the integration of flexible blockchain technological realization with following the latest consumer trends and preferences. Thus, in contrast with other similar platforms, Flow generates value beyond its direct technological solutions as high consumer-orientation and regular adjustments may be critically important for ensuring sustainability and maintaining the market growth above the average level in the industry.
The FLOW token is used to enable transactions and support the entire infrastructure developed by Flow’s developers. By performing the function of a long-term asset, the higher sustainability of the system is ensured. FLOW holders also receive additional incentives to gradually increase their strategic investments in FLOW to maximize their long-term returns. The Flow ecosystem integrates various entertainment projects and development studios from all over the world. The multi-role architecture allows ensuring the maximum scalability without relying on sharding and similar techniques. FLOW’s current price is $7.24 with the circulating supply being equal to 329.4 million. Its current market capitalization is $2.4 billion, making it the 49th largest cryptocurrency at the moment. Flow’s management tries to generate the higher demand for the platform’s solutions from different stakeholder groups to increase its long-term rates of growth without incurring additional risks.
Figure 1. Flow’s Ecosystem;
Data source – Cryptomining-Blog
Investing in FLOW: Opportunities and Risks
Flow possesses a number of strategic advantages as compared with other game platforms. In particular, it reaches scalability without sharding, effectively involves users in decision-making, relies on decentralized decision-making, integrates with off-chain companies, and maintains the maximum consumer-orientation. The rapid development of gaming and Metaverse should increase the demand for Flow and its infrastructure. The only long-term risk refers to the absence of the maximum supply of FLOW, implying the need for investors to monitor that the demand for its services increases at higher rates as compared with its supply. In regards to short-term investing, the relevant technical analysis should be performed.
Figure 2. Price Dynamics of FLOW/USD (3-Months); Data source – CoinMarketCap
The current FLOW’s price fluctuates within the established channel with the clear support and resistance levels. The major support level corresponds to the price of $4.2 that reflects the minimum level reached by the price within the past 3 months. The major resistance level is observed at the price of $9.9 that historically prevents FLOW’s price from reaching the highest levels. Due to the current positive dynamics of the entire crypto market, FLOW possesses the required potential for effectively exceeding the resistance level and increasing Flow’s market capitalization. In this case, the former resistance level may become a support level, enabling further growth in the following months.
