The three- to 50-day simple moving averages (SMA) and exponential moving averages (EMAs) were bullish, however its 200-day SMA and EMA indicated a sell. The moving average convergence divergence (MACD) was neutral while the relative strength index (RSI) indicated a sell signal.
- FLOW crypto news: Home of sports-based NFTs
- KI Token Sale
- Token price drop gaming-2gd
- FLOW/USD price analysis: Is the bottom over?
- Token price drop gaming3
- Token price drop gaming-3gd
- What is FLOW coin and Flow blockchain?
- What is Genopets?
- FLOW coin outlook: Early NFT mover
- Market sentiment:
- Similar Posts:
FLOW crypto news: Home of sports-based NFTs
Flow and Dapper Labs are focused on mainstream adoption. They have made themselves synonymous with sports-based NFTs thanks to their collaborations with the NBA, NFL, UFC and LaLiga.
Flow has signed up to official partnerships with the UFC and the NBA to offer NFT collectibles to fans. The network also hosts digital collectibles from the Dr. Suess universe. Dapper Labs signed up to a collaboration with the National Football League (NFL) and the NFL Players Association in September 2021.
I believe that means that the airdrop will happen in stages or drips during the 90 days following the KI token sale.
KI Token Sale
The KI token sale will be on Strata and is following what the Genopets team calls a Dynamic Pricing Protocol. In this method, the token cost begins at an initial price value.
In this case, 0.50 USDC. Once the sale starts, the price begins to drop quickly. However, whenever anyone buys tokens from the sale, the price increases and the price drop pauses.
We saw Genopets use this same model with their recent Water Crystal sale, and it seemed to work pretty well.
Overall, the buying and price change process was smooth, and the community was able to calmly pickup Water Crystals at a price point they felt comfortable with.
Dapper Labs, in partnership with the NBA, launched NFT marketplace NBA Top Shot around the same time in 2020.
By February 2021, NBA Top Shot, hosted on the Flow blockchain, accounted for 46% of the then-record NFT trading volume and generated $226m in trades, according to DappRadar.
FLOW soon saw its price rise over 600% between late January and early April 2021, hitting an all-time high of £46.16 on 5 April. The token crashed along with the entire cryptocurrency market in May and June, however, following a crackdown on cryptocurrencies in China.
FLOW was unable to breach the $30 mark even after seeing a strong rally between July and August.
Meanwhile, rival NFT tokens such as THETA, MANA and SAND surged in the second half of 2021 on the back of a booming NFT market.
Token price drop gaming-2gd
In contrast, FLOW saw further weakness, eventually hitting an all-time low of $4.34 on 24 January 2022 as the cryptocurrency market took a bearish turn.
The FLOW token was listed on major exchanges including Binance and KuCoin in July and September, respectively. Kraken made FLOW tokens available to US and Canada clients in October. Coinbase has not listed FLOW on its exchange as of 9 February 2021.
FLOW/USD price analysis: Is the bottom over?
FLOW token has seen selling pressure for nearly a year after hitting a record high of $46.16 in April 2021. According to the FLOW coin price chart, the token is trading at $7.23 as of 9 February.
Token price drop gaming3
Based on our FLOW forecast, it’s now a good time to buy FLOW,” said CoinCodex.
Meanwhile, algorithm-based forecasting services shared mixed longer-term FLOW price predictions, as of 9 February:
A Flow crypto price prediction from Wallet Investor said the token can be a “bad, high-risk one-year investment option”. Wallet Investor expected the price to decline to $0.83 by the end of 2022, move further down to $0.20 by the end of 2025 and hit 0.13 in February 2027.
According to PricePrediction.net, the token could hit an average price of $10.08 in 2022.
FLOW/USD was expected to reach an average price of $33.10 in 2025 and $212.33 in 2030.
DigitalCoinPrice expected the FLOW token price to be $11.10 in 2022.
Token price drop gaming-3gd
The blockchain platform’s native token FLOW is currently on the downturn, having seen prices drop over 80% since hitting an all-time high of $46.16 in April 2021. In late January, the FLOW token price hit an all-time low of $4.34, according to CoinMarketCap.
But what is a flow coin? Let’s look at the project and the latest FLOW price predictions for 2022 and beyond.
What is FLOW coin and Flow blockchain?
Dapper Labs, the developers behind Flow, took the lessons learnt from their experience on Ethereum with CryptoKitties to design an alternative blockchain with low gas fees, ease of use and scalability.
Flow said it is different from other blockchains due to a pipelined architecture that separates the jobs typically done by a single miner or validator across five different node types, thereby reducing redundant effort and improving efficiency.
Flow claims to be “the greenest Web3 network”. It uses a proof-of-stake (PoS) consensus mechanism, upgraded by multi-node architecture, which is aimed to improve the network’s throughput and speed, and make it environmentally friendly without sharding or Layer 2 solutions.
The FLOW coin is the native token of the Flow blockchain. According to Flow’s technical papers, FLOW holders will be able to use their token in the following ways:
Transaction fees or gas fees on the Flow network
Deposit for data storage
Collateral for secondary tokens
For voting and governance
To secure the Flow network and earn rewards via staking
The FLOW token is inflationary.
Flow said its token has a cap on monetary inflation, and that inflation on FLOW will go down as network fees increase.
We’ll see if the KI token launch fares the same. The sale begins on June 20th, 15:00 UTC and runs for three days or until the tokens sell out. There will be 20 million tokens available in this sale.
All of the funds from the token sale will be paired with the final 1/3 of the initial token supply, in order to provide liquidity in a DEX pool.
This puts a total of 40 million KI tokens into the economy right away, with another 20 million airdropped out over the next 90 days.
The game is currently running a beta for holders of Genopets. I expect that the functionality for the KI token will be added at the same time as the token launch, but I don’t have an official statement on that.
What is Genopets?
Genopets is a free-to-play, “move to earn” game built on the Solana blockchain.
Genopets uses data tracked by a smartphone or fitness wearable to level up a Genopet NFT.
However, Flow highlighted that monetary inflation will be higher in the first year of operation to incentivise greater levels of staking.
Currently, the circulating supply of FLOW coin stands at over 318.08 million, while its total supply exceeds 1.37 billion, data from CoinMarketCap showed. According to CoinCodex, less than 23% of the total FLOW supply is in circulation.
Total staked FLOW stands at 726.74 million tokens, as of 9 February, representing 52% of its total supply, data from Flowscan showed.
FLOW coin outlook: Early NFT mover
FLOW first ran a community sale in late September 2020 and raised $18m though coin sales on crypto exchange Coinlist.
Dapper Labs will create video highlights NFTs for NFL fans.
In October 2021, Spain’s top football league LaLiga announced a partnership with Dapper Labs to offer video-based NFT collectibles built on the Flow blockchain.
NFT marketplace Rarible announced in November that it has fully integrated with Flow, enabling users to create, list and trade Flow-based NFTs on Rarible. Flow-based NFTs can be minted for free on Rarible and its gas fees are significantly lower than Ethereum’s.
In January 2021, blockchain game publisher Animoca Brands signed an agreement with Dorna Sports, the commercial rights holder for MotoGP, to develop an NFT platform called MotoGP Ignition on the Flow blockchain.
The first NFT sale is expected to begin on 26 March 2021.
In the past year, FLOW token price has slumped over 36%. The token has fallen about 8% in the past month. However, bargain hunters are buying the beaten-down token and FLOW coin’s value has bounced back from its bottom, jumping 12% higher in the last week.
Coin Codex ranked the FLOW token fifth among NFT tokens (as of 9 February), behind metaverse platform Decentraland’s MANA and Sandbox’s’ SAND.
You voted bullish.
You voted bearish.
Give FLOW/USD a try
According to CoinCodex’s technical analysis, the short-term sentiment for the FLOW token was neutral, with 17 indicators giving bullish and 12 bearish signals.