- 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 (NASDAQ:AMZN) 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.
FLUX price predictions (Source: CoinPedia)
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.
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