Today, we'll discuss a potentially explosive bull project. Let’s talk about projects that may have a high probability of breaking out. Everyone should be aware of the atmosphere of the entire market, and market sentiment has gradually heated up. However, we need to be clear that market sentiment does not mean that a bull market has arrived. After all, there will still be necessary shocks and market panics in the coming period.
However, one thing we are sure of is that a bull trend has taken hold. The situation is much clearer now than it was just a few months ago. A few months ago, I also shared with you the concept of building a position step by step. If you open a position at 25,000-26,000 and review the entire process, you will not panic even if there is an obvious callback. Because the layout is very robust in that location. #Flow
Therefore, in this regard, your understanding and judgment of the entire market environment and trends cannot be separated from fundamentals. Only by understanding the fundamentals can you truly understand the trend and future development direction.
We continue to discuss the fundamental factors supporting the arrival of a bull market. In fact, these factors have always existed, it's just that they have become more accurate and objective over time.
First of all, we pay attention to the CPI data recently released by the Federal Reserve. Although we do not need to discuss specific data points in depth, we can summarize that under the current situation, it may not be necessary for the Federal Reserve to continue to raise interest rates and maintain a relatively conservative monetary policy. Looking ahead to next year, we could see about four rate cuts, with the first likely coming early in the second quarter of 2024, around April.
The second fundamental factor is the Bitcoin halving, which is a well-known fact. Will the halving happen next April? Combined with the possible interest rate cut signal from the first point I just mentioned, we can draw a conclusion that there is no need to overexaggerate this market situation, everyone knows that it will definitely happen. But we need to be clear that this market will not push the market to new heights at the beginning. On the contrary, it may be consumed before then.
The third fundamental factor is the Bitcoin ETF. This issue has been discussed for a long time, has been widely reported in the media, and may even cause a strong reaction from the public. But let's be clear, there's not much point in talking about whether it will be approved now because it will eventually be approved. What we need to pay attention to is its approval time and the impact on the market after approval.
To sum up, the basic factors supporting the arrival of the bull market include changes in Federal Reserve policy, Bitcoin halving, and Bitcoin ETFs. Although these factors have always been discussed, their accuracy and objectivity have become clearer over time. In the future market environment, we need to pay close attention to changes in these factors and their impact on the market. Recently, everyone is paying attention to an important issue, namely the approval time of Bitcoin ETF. According to the latest developments, a major player may emerge on January 10th, namely ARC Investment, a company led by Cassiewood.
From the perspective of ETF applicants, we can see a lot of relevant news and reports recently, including exclusive interviews on some financial websites and TV columns. Cassio recently stated that the entire SEC’s attitude towards ETF applications has changed significantly compared with before. We can assume that the confidence in this application is very strong and the market is accepting this fact.
On the other hand, investment banks related to the cryptocurrency field predict that the probability of ETF approval on January 10 next year exceeds 98%. This sounds very exciting, but don't get too excited about it. Remember, this is the capital market, and many times the news we hear is more about the impact of people's expectations of the event than the outcome itself.
Therefore, don’t focus too much on January 10th, but look to an earlier time. For example, in December, if you can take advantage of the dividends of market sentiment and look for short-term trading opportunities, you may make good profits.
Generally speaking, regarding this issue, we need to remain calm and rational and not be swayed by a single piece of news. In the capital market, every piece of news may become a reflection of market sentiment. We need to understand and grasp this sentiment to better seize investment opportunities.
So, how do you seize these rare opportunities? The project I want to introduce today can be said to be a shining pearl in the field of blockchain, and its name is "Flow". Maybe some friends are not familiar with the name "Flow". Yes, it is indeed not as well-known as Bitcoin or Ethereum, but this does not affect its uniqueness in its own field.
Over the past two years, "Flow" has experienced many challenges and controversies. But the reason I'm recommending "Flow" today is because of its extraordinary potential. No matter what your views on "Flow" are, I suggest you look at its possible opportunities and performance in a bull market with a more objective attitude.
As tradition goes, let's start with a brief introduction to the project. For those friends who don't know much about "Flow", this is a rare opportunity. We will highlight its main features and benefits, while also mentioning some potential risks. At the same time, we will also detail why we are optimistic about it and explain why.
In fact, the Flow chain was first developed by Dapper Labs, a blockchain focused on NFTs, digital collectibles, and games. The origins of the project can be traced back to December 2017, when a very popular game called "Cryptokitties" appeared on Ethereum, which was an early NFT project. Simply put, this game allows players to purchase, collect or breed virtual pet cats, similar to early pet games. The game’s popularity even caused congestion on the Ethereum network for a short period of time and increased transaction fees. This situation has happened many times in the following years, but "Cryptokitties" in 2017 can be said to be the origin of this problem.
Seeing this opportunity, the Ethereum building can neither have fun nor disco, so Dapper Labs, the founding team of "Cryptokitties", decided to find another way. They developed a proprietary blockchain more suitable for NFTs, digital collectibles and games, with the main purpose of solving network congestion problems. So, in September 2020, "Flow" was born. Compared with Ethereum and other similar projects, "Flow" is more focused on application scenarios of NFT, digital collections and games, and has better performance and scalability.
Overall, "Flow" is a blockchain project with great prospects, focusing on solving problems in the fields of NFT, digital collections and games, and has received strong technical and community support. I believe it will be more widely used and promoted in the future. "Flow" token is one of the projects born to solve the problems of Ethereum. It has the characteristics of low gas fee, good application performance, strong scalability and support for high throughput. These advantages are not special, but the "Flow" token is unique in terms of technical conditions, which makes it flourish in the market. It has launched many high-profile NFT projects, such as "NBA Top Shot" and "Genius", and has cooperated with many well-known enterprises. For investors, the purpose of "Flow" tokens is similar to that of most cryptocurrencies, mainly used for transfers, purchasing virtual items in games, or NFT payments.
As the network becomes more congested, the circulation of Flow coins will increase, demand will grow, and therefore the price of Flow coins will increase. During the previous bull market, the price of Flow coin reached $40. Flow's ecosystem is closely related to applications, and its node consensus feature protects the stability of the system to a large extent.
Even though the total amount of Flow coins continues to increase, its expansion rate is relatively low, it has wide application, and it is very convenient to circulate on the network. These advantages make Flow coin a cryptocurrency that attracts much attention. Well, it’s true that situational manipulation of data is not easy. You know, the market has not reached a full-blown state yet, and the big market trend has not yet appeared. But once the market heats up, I believe the data will appear in its previous form.
Along this route, we will show you a satisfactory K-line trend. But actually, that’s not what I want to share with you today. But here is the shocking news. It's based on fundamentals and is breaking news.
You may have heard that Dapper Labs, the founding team of Flow, announced that it has partnered with Disney to launch a platform called Disney Pinnacle. This is an NFT platform focusing on digital badges, covering many classic Disney elements, including familiar Disney iconic characters, Pixar animation and Star Wars, etc.
In the future, the platform will provide NFT interactive experiences through the Flow chain, including trading and minting. The platform is expected to be officially launched later this year or even early next year. By then, Flow will reach a new level.
The partnership is a major strategic shift for Disney. They have truly pivoted into this area by closing their previous Metaverse division and consolidating other resources. This is a major, specific and definite strategic layout.
Built on Dapper Labs’ Flow, this will greatly increase their interaction with fans, leveraging existing elements and fan culture to create a brand new platform. Combined with advanced blockchain technology, this is a very good practice. For Flow, this is undoubtedly a huge opportunity. As mentioned before, the last time the price of Flow increased significantly was because of the launch of the NFT Top Shot game, which really drove the price of Flow to soar. Due to the NBA's huge fan base, the launch of the game pushed the value of Flow coins to $40. This shows an important premise that good technology is the key to project success.
In the blockchain field, there are two main factors to consider when assessing the value of a project: technology and cash flow. The successful case of NFT Top Shot on Flow shows that it is very practical to promote the capital flow of blockchain projects through the fan economy. This cooperation with Disney is of great significance. Disney’s streaming media platform Disney+ has more than 150 million global subscribers. Once the NFT platform is launched, the Flow chain will definitely explode. Coupled with the upcoming bull market, Flow's currency price will definitely experience explosive growth. The currency price we see today may only be a few cents, but once the platform is launched and the real bull market arrives, its increase may reach 20 times or even 30 times.
Flow is a proof-of-stake blockchain designed to be the foundation for Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, PFP projects, and more. Flow uses Cadence, a programming language designed specifically for digital assets, to drive developers to innovate and push boundaries to drive the next billions of dollars in revenue for Web3. Created by a team consistently delivering industry-leading consumer-grade experiences including CryptoKitties, NBA Top Shot, and NFL ALL DAY, Flow is an open, decentralized platform with top brands, development studios, and venture capital backing A thriving ecosystem supported by a community of creators, cryptocurrency leaders, and more.
The current live price of Flow is $0.661657, and the trading volume in the past 24 hours is $47,476,159. We will continue to update the USD price of FLOW. In the past 24 hours, Flow price has dropped by 3.94%. Currently ranked 54th on CoinMarketCap, with a market capitalization of $973,429,739. Its circulating supply is 1,471,201,014 FLOW coins, and its maximum circulating supply is 1,471,201,014 FLOW coins. Verify supply is not available.
