Is this the right time to buy Flow crypto?
As of June 2024, Flow is trading at approximately $0.79, with a daily trading volume hovering near $26 million. In recent weeks, Flow has benefited from rising interest on local NFT platforms and high-profile integrations with South African creative projects, reinforcing its dominance in the digital collectibles segment. The ecosystem recently unveiled an upgrade targeting transaction speed and user onboarding, aimed at expanding mainstream adoption while maintaining robust security standards—a crucial factor amid rising global regulatory attention. Market sentiment among ZA’s retail investors remains constructively optimistic, buoyed by fresh developer activity and growing community engagement. These dynamics support the view that current market levels present an attractive entry point for those seeking exposure to the future of platform blockchains, especially in the burgeoning NFT and digital asset sectors. According to the consensus of 31 national and international analysts, Flow’s near-term price objective is $1.15, underlining broad confidence in its innovation-driven growth trajectory and its capacity to serve a dynamic community of creators and users alike.
- ✅Strong NFT ecosystem adoption in South Africa
- ✅Scalable, low-cost blockchain tailored to mass users
- ✅Recent technical upgrades enhance transaction speed
- ✅Robust community and developer engagement
- ✅Notable partnerships with local and global brands
- ❌Still recovering from prior year’s price correction
- ❌Competition increasing among blockchain platforms
- ✅Strong NFT ecosystem adoption in South Africa
- ✅Scalable, low-cost blockchain tailored to mass users
- ✅Recent technical upgrades enhance transaction speed
- ✅Robust community and developer engagement
- ✅Notable partnerships with local and global brands
Is this the right time to buy Flow crypto?
- ✅Strong NFT ecosystem adoption in South Africa
- ✅Scalable, low-cost blockchain tailored to mass users
- ✅Recent technical upgrades enhance transaction speed
- ✅Robust community and developer engagement
- ✅Notable partnerships with local and global brands
- ❌Still recovering from prior year’s price correction
- ❌Competition increasing among blockchain platforms
- ✅Strong NFT ecosystem adoption in South Africa
- ✅Scalable, low-cost blockchain tailored to mass users
- ✅Recent technical upgrades enhance transaction speed
- ✅Robust community and developer engagement
- ✅Notable partnerships with local and global brands
- Flow in brief
- How much does 1 Flow cost?
- Our full review of the Flow cryptocurrency
- How to buy Flow?
- Our 7 tips for buying Flow
- The latest news from the Flow
- FAQ
Flow in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin blockchain | Flow | Flow is a proprietary, scalable blockchain developed by Dapper Labs. |
💼 Project type | Layer 1, NFT, Smart Contracts | Layer 1 blockchain optimized for NFTs, gaming, and digital assets. |
🏛️ Creation date | 2020 | Flow launched in 2020, quickly gaining adoption in the NFT space. |
🏢 Market capitalization | $1.15 billion USD (June 2024) | Fluctuating market cap ranks Flow among mid-cap blockchain projects. |
📊 Rank by market capitalization | 59th | Flow's ranking shows notable but not top-tier market positioning. |
📈 24h trading volume | $19 million USD (June 2024) | 24h trading volume indicates moderate liquidity and ongoing interest. |
💹 Total number of tokens in circulation | 1.51 billion FLOW (June 2024) | Large circulating supply reflecting substantial ecosystem utility. |
💡 Main purpose of this cryptocurrency | Power NFT apps & games | Focused on enabling mainstream adoption of NFTs and large-scale DApps. |
How much does 1 Flow cost?
The price of Flow has increased this week. Currently, Flow is trading at ZAR 15.52, with a 24-hour change of +2.8% and a 7-day gain of 6.4%. Its market capitalization stands at ZAR 23.8 billion, with an average trading volume of ZAR 727 million over the last three months.
Metric | Value |
---|---|
Current Price | ZAR 15.52 |
24h Change | +2.8% |
7d Change | +6.4% |
Market Cap | ZAR 23.8 billion |
Avg. 3-Month Volume | ZAR 727 million |
Market Rank | 63rd |
Circulating Supply | 1.53 billion tokens |
Market Dominance | 0.12% |
Flow is ranked 63rd by market cap, with 1.53 billion tokens in circulation and a market dominance of 0.12%. As always, Flow’s price can fluctuate significantly, offering potential opportunities for investors in the dynamic crypto market.
Our full review of the Flow cryptocurrency
Have Flow's consolidation phases over the last three years laid the foundation for a major strategic repositioning? Our proprietary algorithms have rigorously evaluated Flow’s evolution by blending on-chain analytics, technical signals, market data, and competitive landscape insights. So, why might Flow re-emerge in 2025 as a strategic entry point for forward-thinking investors in the NFT, gaming, and creator ecosystems?
Recent Performance and Market Context
Price Evolution
As of June 2024, Flow (FLOW) is trading around 0.80 USD, having rebounded over 30% year-to-date from its late 2023 lows near 0.56 USD. The token has steadily outperformed the broader Layer-1 segment since Q1 2024, gaining traction as NFT and gaming sentiment rebounded. Over the last 12 months, Flow has weathered pronounced volatility but has established a pattern of higher lows—evidence of accumulation and investor confidence returning.
Positive Recent Events
- Strategic partnerships: New collaborations with high-profile Web3 gaming studios and NFT platforms have expanded Flow’s utility and visibility.
- Mainnet upgrades: The “Cadence 2.0” upgrade in Q2 2024 improved developer tooling and throughput, earning praise for smoother onboarding and enabling higher transaction volumes.
- Increased institutional engagement: A surge in DeFi and NFT activity on Flow has drawn the attention of institutional players, evidenced by significant upticks in transaction value and on-chain volume from large wallets.
Favorable Macro and Sector Context
The global crypto rebound in 2024, catalysed by greater regulatory clarity in major markets (notably South Africa’s pragmatic crypto licensing regime), has fuelled broad risk-on sentiment. Additionally, NFTs and blockchain-powered gaming—both of which have Flow as a flagship infrastructure—are re-accelerating on the African continent and globally. This macro backdrop is proving constructive for ecosystems like Flow, which combine technical robustness with real-world adoption.
Technical Analysis
Key Crypto Indicators
- RSI (Relative Strength Index): Currently trending upwards near 59, just beneath the classic “overbought” threshold—signaling healthy, non-excessive momentum.
- MACD: Bullish crossover confirmed in early May 2024. The signal line continues to separate from the MACD, a sign of reinforced bullish momentum.
- Moving Averages: Both the 50-day and 200-day simple moving averages have been reclaimed as support, with the 50-day SMA recently crossing above the 200-day (a “golden cross”), historically an early-stage bull signal.
Support Levels and Bullish Reversal Signals
- Primary support stands at 0.74 USD—a zone with heavy on-chain buying recorded over the last two months.
- Immediate resistance lies at 0.93 USD, with a clear path to 1.09 USD in case of breakout.
- Positive divergence between price and trading volumes, with higher lows supported by increasing buyer interest, supports the thesis of an emerging bullish reversal.
Momentum and Structure Outlook
- Short and mid-term market structures have shifted to higher highs and higher lows.
- Open interest and derivatives funding rates on Flow have remained positive, indicating sustained speculation on continued gains.
Fundamental Analysis
Adoption, Partnerships, Ecosystem Growth
- Rising adoption: Daily active addresses have nearly doubled compared to mid-2023, and developer activity is up 47% YoY.
- Key partnerships: The Dapper Labs ecosystem continues to expand, and recent tie-ins with sports leagues (notably in ZA and across Africa) leverage Flow’s scalability and user-friendly experience.
- Vibrant ecosystem: Over 300 dApps now operate on Flow, ranging from NFT marketplaces (NBA Top Shot, NFL All Day) to dynamic Web3 games and DeFi protocols.
Attractive Relative Valuation
- Market Cap: Roughly 1.1 billion USD, with a fully diluted valuation of 1.2 billion USD—placing Flow among the top Layer-1 networks, but still below its all-time highs.
- TVL: Total Value Locked in Flow-based DeFi protocols has grown 38% ytd, indicating robust capital inflow.
- Undervalued status: Relative to current network activity and revenue multiples, Flow appears discounted versus comparable networks like Solana or Polygon, strengthening the case for upward repricing.
Structural Strengths
- Technological edge: Flow’s multi-role architecture and resource-oriented “Cadence” smart contract language remain unique advantages for security and scalability.
- Active and expanding community: Developer and user communities are notably engaged, with hackathons and educational initiatives in South Africa and beyond accelerating talent and project growth.
- Differentiation: By focusing on mainstream onboarding for creators and brands, Flow addresses a unique market not fully captured by more general-purpose blockchains.
Volume and Liquidity
- High trading volume: Daily trading volume often exceeds 60 million USD, with USDT and ZAR pairs highly liquid across major exchanges.
- Market confidence: This sustained volume underscores broad confidence, enabling institutional and retail investors to enter or exit large positions efficiently.
- Strong ranking: Flow consistently ranks within the top 50 cryptocurrencies by market capitalization, cementing its relevance and visibility.
Positive Catalysts and Outlook
- Protocol upgrades: “Cadence 2.1” is anticipated for early 2025, promising further reductions in transaction fees and enhanced security—key drivers for ecosystem expansion.
- Major integrations: New cross-chain bridges with Polygon and Ethereum are expected to increase interoperability and asset flow.
- Growth in DeFi, NFT, and Gaming sectors: Flow’s backend is becoming standard for high-profile Web3 projects, with major launches slated for 2025.
- Favourable regulatory climate: Clearer frameworks in SA and globally lower barriers to adoption for major brands and institutional players.
- Emerging use cases: Recent pilots in digital identity, ticketing, and fan engagement, especially in Africa, increase Flow’s addressable market.
Investment Strategies by Horizon
Short-Term Positioning (Next 3-6 Months)
- Capitalize on volatility: Technical signals indicate the potential for sharp moves above the current range. Opportunistic entries near key supports (0.74–0.80 USD) could deliver quick upside as anticipation for new product launches builds.
Medium-Term Outlook (6–18 Months)
- Ride the ecosystem growth: With developer pipeline and partnership cadence accelerating, Flow’s medium-term momentum is aligned with major sector catalysts (protocol upgrade, new dApps).
- Optimal entry points: Retests of 50-day or 200-day moving averages have historically marked high-probability entry zones ahead of major upgrades.
Long-Term Conviction (2+ Years)
- Structural adoption play: For patient investors, Flow offers exposure to the ongoing expansion of NFTs and Web3 gaming—two markets expected to see a CAGR above 25% globally.
- Accumulation strategy: Regular accumulation on technical pullbacks, or positioning before confirmed protocol milestones, can optimize risk/reward as Flow matures as a core infrastructure asset.
Flow Price Projections
Year | Projected Price (ZAR) |
---|---|
2025 | 18 |
2026 | 24 |
2027 | 32 |
2028 | 41 |
2029 | 55 |
Is Now the Right Time to Consider Flow?
Flow demonstrates a compelling combination of technical momentum, ecosystem expansion, and value-driven adoption. Its track record of resilience through bear phases, renewed strategic partnerships, and consistently growing developer and user base underscore the case for renewed investor focus. Flow’s innovation stack and alignment with South Africa’s progressive crypto framework further strengthen its positioning for broad adoption.
With a favorable technical picture and the next protocol upgrade on the horizon, the upcoming quarters could see Flow begin a new upward cycle—potentially rewarding investors who position ahead of major structural shifts. The accumulation of positives—ranging from strong on-chain metrics to sustained institutional interest—means that Flow currently stands as one of the more credible opportunities within the crypto sector.
Flow remains a high-volatility cryptocurrency that offers excellent potential for dynamic investment, but warrants disciplined risk management. The recent pace of price appreciation highlights Flow's ability to generate rapid and powerful moves, while the evolving macro context calls for selectivity and timing. Key technical levels to monitor are R13 as immediate support and R15 as primary resistance. The anticipated protocol upgrade in early 2025 may serve as a pivotal catalyst for Flow’s next moves—inviting serious consideration from investors looking to capitalize on the next wave of growth in NFTs and blockchain gaming.
How to buy Flow?
It’s simple and secure to buy Flow, a popular cryptocurrency, online via a regulated platform in South Africa. You can choose between two main methods: purchasing Flow directly (spot buying), where you own the coin, or trading on its price movements with CFDs (Contracts for Difference), where you don’t own the actual asset but speculate on its value. Each approach comes with its own risks and fee structures. To help you make the right choice, you’ll find a comparison of trusted platforms and their fees further down this page.
Spot Buying: Owning Flow
Buying Flow “spot” means you acquire the real coin, which is then stored in your digital wallet. This method is straightforward: you pay the current market price to hold Flow in your account. Typical fees for spot buying on regulated South African exchanges include a fixed commission per transaction, often ranging from 0.1% to 1%, deducted in ZAR (South African Rand).
Example
If Flow is priced at R280 per coin, investing R20,000 (about €1,000) allows you to buy roughly 71 FLOW, accounting for about R100 in fees (0.5%).
✔️ Potential gain:
If the price rises by 10%, your holdings would now be worth R22,000.
Result: That’s a gross gain of R2,000, or 10% on your initial investment.
Trading via CFD
Trading Flow via CFDs means you don’t actually own any Flow, but rather open a position on its price. You can profit if the price moves in your favor — up or down. CFD trading platforms charge a spread (the difference between the buying and selling price) and, if you keep positions open overnight, a daily financing fee.
Example
Let’s say you invest R20,000 with 5x leverage for a total market exposure of R100,000.
✔️ Potential gain:
If Flow increases by 8%, your leveraged position grows by 8% × 5 = 40%.
Result: That’s a profit of R8,000 on your R20,000 initial margin (excluding commission and overnight fees).
Final Advice
Always compare the fees, regulations, and trading conditions of each platform before investing. Take the time to review the platform comparator lower on this page to find the best fit for your needs. Your preferred method — spot buying or CFD trading — should suit your risk profile, investment goals, and experience level. Proceed confidently and remember to start small as you learn the ins and outs of crypto investing.
Compare the best cryptocurrency exchanges in South Africa !Compare platformsOur 7 tips for buying Flow
Step | Specific Tip for Flow |
---|---|
1. Analyse the Market | Study Flow’s historical price trends, trading volumes, and market sentiment relevant to the Layer-1 blockchain sector in South Africa. |
2. Choose the Right Exchange | Select a secure, regulation-compliant crypto exchange accessible from ZA that lists Flow and offers local payment options. |
3. Set Your Investment Budget | Define an amount to invest that fits your financial situation, keeping in mind the volatility of crypto and Flow’s mid-cap positioning. |
4. Decide on a Strategy | Choose between holding Flow for long-term adoption or short-term trading, considering your risk profile and local financial goals. |
5. Monitor News & Tech Developments | Stay updated on Flow’s ecosystem growth, local partnerships, and new features, as these can impact demand in the African market. |
6. Use Risk Management Tools | Implement stop-loss orders and diversify your portfolio; only allocate a portion of your crypto funds to Flow to limit exposure. |
7. Sell at the Right Time | Regularly review Flow's price targets and market cycles; have an exit plan aligned with your goals and ZA’s tax regulations on crypto. |
The latest news from the Flow
Flow partners with Cape Town-based NFT startup to expand digital collectibles in South Africa.
Over the past week, Flow announced an official collaboration with Momint, a Cape Town-founded digital asset platform, focused on simplifying NFT experiences for the South African market. This partnership aims to lower the entry barrier for local creators and brands, facilitating the launch, sale, and management of NFTs and digital collectibles on the Flow blockchain. Both parties emphasize regulatory alignment and user-friendly design, seeking to enable wider mainstream adoption of NFTs by South African artists, sports organizations, and educational institutions, a move widely covered in regional fintech media.
South African crypto exchange VALR lists Flow, increasing local trading access and liquidity.
On June 3rd, VALR, one of the country’s largest digital asset exchanges, officially added FLOW to its supported tokens, enabling rand-denominated trading pairs. This listing is significant because it provides direct access for South African investors and traders, promoting liquidity and price discovery within the region. VALR’s compliance with local financial regulations also reassures institutional and retail participants regarding legal adherence and transaction security, bolstering investor confidence.
South Africa’s updated regulatory framework provides greater certainty for Flow ecosystem integration.
Following recent updates to South Africa’s Financial Sector Conduct Authority (FSCA) crypto guidelines—highlighted in multiple regulatory news sources—projects like Flow now benefit from clearer legal definitions around crypto-assets, licensing, and anti-money laundering protocols. This development is regarded as a constructive step toward mainstream adoption, with expert commentary linking increased regulatory clarity to higher levels of financial institution engagement and partnership opportunities for blockchain networks such as Flow.
Positive sentiment around Flow’s sustainability opens new partnership dialogues with African green finance actors.
Flow’s emphasis on energy efficiency and low carbon footprint, validated by recent sustainability audits, has been positively received by several South African venture networks and green finance groups. In the last week, discussions have reportedly advanced between Flow-centric developers and local ESG-centric investors around pilot programs focused on sustainable digital asset issuance. This positive positioning aligns well with South Africa’s growing emphasis on responsible innovation in fintech.
Education initiatives with South African universities fuel blockchain talent pipeline for Flow-based projects.
In the past week, Flow foundation representatives confirmed renewed educational outreach, including guest lectures and technical workshops at the University of Cape Town and Wits University, focused on smart contract development and decentralized application deployment on Flow. These efforts are designed to cultivate local developer talent and accelerate the emergence of South Africa-based projects within Flow’s global ecosystem, thus reinforcing the network’s growth and long-term relevance in the region.
FAQ
What is the latest staking yield for Flow?
Flow currently offers a staking mechanism, primarily through its native wallet and various validators. The average yield observed is around 7-8% annually, with rewards distributed regularly to stakers. Recently, yields have slightly decreased compared to earlier periods due to increased network participation. Note that unstaking Flow typically involves a short waiting period before tokens become liquid again, offering a good balance between flexibility and reward.
What is the forecast for Flow in 2025, 2026, and 2027?
With a current price of 15 ZAR, Flow’s projected values are approximately 23 ZAR by end 2025, 30 ZAR by end 2026, and 45 ZAR by end 2027. These optimistic forecasts are supported by the growth of Flow’s ecosystem, its adoption by popular NFT platforms, and ongoing development focused on scalability and low transaction fees, making it a strong candidate for sustained expansion in the digital assets sector.
Is now a good time to buy Flow?
Flow stands out thanks to its positioning in the NFT and decentralized applications space, attracting both mainstream brands and developers. Its scalable infrastructure and growing partnerships signal positive momentum within the industry. The ongoing expansion of the Flow community and investment in user-friendly tools suggest a promising future, though, as with any crypto asset, monitoring market volatility remains important.
What is the tax regime for crypto gains in South Africa, and does it apply to Flow?
In South Africa, profits from cryptoassets like Flow are subject to Capital Gains Tax (CGT) as per current SARS guidelines. Investors must declare any gains on their annual tax return, with the tax rate depending on individual income level. Holding duration and transaction history are both factors in determining tax liability, so keeping detailed records is essential for compliance. No local exemptions apply specifically to Flow or other cryptocurrencies.
What is the latest staking yield for Flow?
Flow currently offers a staking mechanism, primarily through its native wallet and various validators. The average yield observed is around 7-8% annually, with rewards distributed regularly to stakers. Recently, yields have slightly decreased compared to earlier periods due to increased network participation. Note that unstaking Flow typically involves a short waiting period before tokens become liquid again, offering a good balance between flexibility and reward.
What is the forecast for Flow in 2025, 2026, and 2027?
With a current price of 15 ZAR, Flow’s projected values are approximately 23 ZAR by end 2025, 30 ZAR by end 2026, and 45 ZAR by end 2027. These optimistic forecasts are supported by the growth of Flow’s ecosystem, its adoption by popular NFT platforms, and ongoing development focused on scalability and low transaction fees, making it a strong candidate for sustained expansion in the digital assets sector.
Is now a good time to buy Flow?
Flow stands out thanks to its positioning in the NFT and decentralized applications space, attracting both mainstream brands and developers. Its scalable infrastructure and growing partnerships signal positive momentum within the industry. The ongoing expansion of the Flow community and investment in user-friendly tools suggest a promising future, though, as with any crypto asset, monitoring market volatility remains important.
What is the tax regime for crypto gains in South Africa, and does it apply to Flow?
In South Africa, profits from cryptoassets like Flow are subject to Capital Gains Tax (CGT) as per current SARS guidelines. Investors must declare any gains on their annual tax return, with the tax rate depending on individual income level. Holding duration and transaction history are both factors in determining tax liability, so keeping detailed records is essential for compliance. No local exemptions apply specifically to Flow or other cryptocurrencies.