- Some people believe that FLUX has the potential to be a profitable investment in Q4.
- FLUX is currently trading at $1.15 after a 7.02% drop in price.
- The token’s price is expected to rise to an average of $2.405 by 2023 and $3.715 by 2024.
FLUX is a significant blockchain.com project responsible for introducing the idea of a blockchain-as-a-service (BaaS). Now, some people believe that it has the potential to be a profitable investment in Q4 of this year.
FLUX has a programming environment that is decentralized, interoperable, and similar to Amazon Web Services (AWS).
According to the market tracking website, CoinMarketCap, FLUX is trading at $1.15 after a 7.02% drop in price over the last 24 hours and after reaching a high of $1.5 over the same period. FLUX is also down more than 10% over the last seven days.
The crypto is currently the 111th biggest crypto in terms of market capitalization, with its market cap of $299,185,972. This places FLUX right behind Kadena (KDA) in the 110th position and front of Gemini Dollar (GUSD) in the 112th position.
FLUX’s 24-hour trading volume also dived as it is down more than 70% over the last day to now stand at $14,818,511.
One of the reasons why investors could look to FLUX as a possible investment is because FLUX powers the ecosystem with a native PoW token, which offers incentives for hardware hosts, on-chain administration, and poor actor prevention.
As the year comes to an end, businesses might dive into developing apps on a decentralized level. This then, in turn, could create FOMO for the platform, shooting its price to $1.934.
Price predictions for FLUX look relatively promising as the price of the token is expected to rise to an average of $2.405 by 2023 and $3.715 by 2024.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.