Bitcoin Forum

I’m a bit surprised FLOW was punished this much in current Bear market.

Don’t see any other project with so many active cooperations with blue chip companies/brands

Ok they didnt execute everything perfect (NBA topshot) but fundamentals seem very strong

https://ru.onflow.org/token-distribution
If I didn't mix up the project, the team changed the token distribution schedule, and now there are more than 1 billion tokens in circulation. This is also a plus, because there will be no surprises for investors.I also think that this is a good project.

In my opinion FLOW token is one of the projects that has very good potential and prospects where currently the price ranges from $1-$2, of course, with not too many tokens in the market, the FLOW price is getting higher, I recommend it for those of you who want to invest With this project I think it's a very good time to get in before the prices get even higher.

I bought some and noticed I can stake them for 6-9% yearly

Thats almost too good to be true  :)

and if by chance from January to December the price of this altcoin drops by 20%, even if you earn 10% a year when you stake, then you will end the year with a 10% loss, not to mention that we saw the great danger of altcoins, I am particularly speaking of Luna's case, these altcoins are already in a saturated market, so be careful because even if you think that having good fundamentals will guarantee success for altcoins, you could be deceiving yourself, the bad character and greed that many owners of these projects have does. so that the main reason for the great failure of these altcoins is the owners


You shouldn't be surprised, when bitcoin drops it takes all shitcoins with it

I remember to the so many flow believers and i thought that if they are still keeping their coins. NFT is done. It's not only flow but whole of market was also being dumped so hard. The more NFT platforms were coming to the market and flow seems like useless platform right now.
The hype for this platform was so big caused by flow was considered as the first NFT platform that became massive caused by it was being by some developers to issue their NFT or working together to create NFT platform.

You are stating some obvious things 😀

Offcourse I know why it dropped I’m just surprised it dropped so much versus other projects with less active projects of this magnitude

NFT is done is quite a harsh statement…

Maybe the initial hype is over but there is still a lot of potential in the technology itself.

Ok maybe not with the millionth clone of an ape 😀

This is a token for sale on coinlist and one of the projects I review is like Near. Look at the top coins' price behavior, bitcoin, ethereum, or bnb, these coins have also failed to stop the drop, they have also dropped by more than 70%, so it is not surprising that Flow or low cap tokens are punished so severely.
Flow is considered a potential token, but it has a low cap, which means investors need to be careful when investing at this point in time.

It went indeed down a lot with the whole market.

I check Near protocol but have no clue so far what their goal is. Seems like a multichain initiative ? Do they have large partnerships so far ?

Flow is for example launching La Liga NFTs (Spanish soccer) soon. Maybe it’s more of the same and bad timing but it’s again a high end sports competition with millions of followers.

Also Ive used Flow several times and it works perfect (for me as a non-expert user)

https://port.onflow.org/
A wallet that is compatible with the ledger.

The maximum price is almost 40 dollars. Most of the coins are already unlocked. The current price is 1.5 dollars. The price drop is huge. This coin can cost 2 or 3 times more.

Indeed and could go bananas during bull market 😀

FLOW is a relatively young project that appeared on the market less than a year ago. Having secured a lot of support from partners, it can still fall heavily in value. Often even the most promising and supported projects first depreciate a lot, and then begin to pump up. Right now FLOW has lost almost 97% of its value. Not a bad opportunity to start buying this token little by little in the medium term, for example. I think it can still show its X's.

Indeed I fully agree. It’s not a walk in the park but it has potential.

Initial hype was a bit over the top due to market conditions but shows it’s a promising niche.

It can fall further but with things going on like NBA topshot they should not die completely 😊

Nope, far from done. Usecases were just rather silly and one could compare them to meme tokens that flooded the market. NFT can be used to represent anything. Just like in uniswap v3 lp positions.

You don't have to be surprised.

Most of the altcoins right now are heavily "punished" because we're in a common bear market. Bitcoin drops too much and everything is affected and that has included FLOW token.

Despite with good proposals and executions, nothing can really beat when bitcoin goes ahead of the drop and the entire market is going through a bear.

I should have added apart from the obvious bear market  :)

It’s normal it goes down with the rest but % wise it performed worse than other projects with much less traction.

The price has been dumping so hard due to the some reasons.

1. The bearish market that has started since last year
2. FLow's hype already gone.
3. The more tokens being unlocked from the sale and people intend to sell their flow token to the market caused by huge ROI that already earned by all of them.

I will not be surprised if bitcoin was giving a very big pressure to the flow. This can go even lower if the bearish trend will always continue till next year. Flow may worth even less than 1 dollar.

I did not invest in the flow token, but it was always interesting for me, when I see its current prices, it attracts me more. Giant organizations such as the NBA, UFC and NFL sell NFTs on their own platforms. Ecosystems have a very wide range. These prices may be the bottom prices, but I don't know. I think it's one of the useful projects with a future.

That's all true but it's not changing the underlying fundamentals.

It could indeed go still lower but the upwards potential is enormous.

Hype can return very quickly :)

I agree. It's always a gamble with crypto but Flow would be my number to pick in the roulette because of the partnerships.

Also its super easy to use. I can imagine there are some downsides to this user friendliness but that's probably too technical for me :)

Surprisingly, despite that worse performance still it's on the top. And that's not just the top but being ranked at 33 is high to be said.

Well, once everything turns back again. You might see it go retrieve itself and recovers just like those that at the top but having that said, not all of them recovers very well.

What is everybody thinking of the Meta/Facebook announcement around Dapper integration ?

Nice pump yesterday, however we are still very far from ATH

Dapper Wallet is a token wallet but I heard Meta will support Ethereum, Polygon and Flow. This will give a new vector of development for the NFT market.
Introducing Digital Collectibles to Showcase NFTs on Instagram
https://about.fb.com/news/2022/05/introducing-digital-collectibles-to-showcase-nfts-instagram/

Yes, it looks like a very good development. Flow, a very successful project on Dapp, had a good pumping yesterday, and I was wondering why. Flow wallet is very important for the nft market and if they reach solutions like you mentioned, they can get a good position in the next bull. They already have a lot of dapps already, I think they are far below the price they should be.

Indeed I'm already up 100% on Flow in 1,5 month. I initially bought it because of their high end partnerships but it keeps on getting better :)

However I'm still wondering if this Metaverse story will fully materialize...