Flamingo Price Prediction16 days ago by Anna Key
- The Highest FLM Price Prediction in 2021 is $1.046.
- The lowest expected FLM price is $0.57.
- Analysts' FLM price prediction ranges from $0.57 to $1.046.
Flamingo is an “interoperable, full-stack DeFi protocol on Neo [blockchain]”. Launched in 2020 by Chinese entrepreneur Da Hongfei, Flamingo works on the Proof-of-Authority model. Da Hongfei also co-founded the Neo blockchain network (one of the main rivals of Ethereum) and OnChain, which positions itself as a private blockchain company.
Flamingo Technical Analysis
- Cryptocurrency Name: Flamingo
- Ticker Symbol: FLM
- FLM Price: $0.6294
- Market cap: $95,665,289
- All-time high: $1.59
- All-time low: $0.120508
What is Flamingo?
Flamingo is a decentralized finance platform built on the NEO blockchain protocol. Flamingo combines various key financial tools in order to guarantee a unique user experience.
First of all, we got Wrapper. Wrapper is a cross-chain asset gateway to multiple other networks, including BTC, Ethereum, Neo, etc. Users can get back their wrapped NEP-5 tokens (standard NEO tokens) as the native tokens they were wrapped as.
Vault is Flamingo’s very own one-stop asset manager that allows users to stake/mine their NEP-5 tokens. As of now, the Flamingo team is also planning to implement minting of FUSD (*FUSD is a collateral-backed synthetic stablecoin in Flamingo, pegged to the price of USD).
Next up is an on-chain liquidity provider called Swap. Swap allows users to trade tokens in pairs, while also being able to combine different types of tokens. Users can get LP tokens in the same amount as their assets. LP tokens stand for liquidity providers’ opportunity to get proportional passive income, according to trading fees they pay.
Perp is a perpetual contract trading platform suitable for any type of underlying assets with infinite liquidity. It has its own constant function for trading assets, and the team is constantly working on adding new functionalities to the service.
Last but not least, DAO - a so-called decentralized governance platform. DAO helps Flamingo developers make their platform more user-friendly and efficient, asking all holders to participate in governance by voting and leaving feedback. In exchange, users receive FML tokens.
Flamingo Price Prediction: Analysts' Price Forecasts
Walletinvestor Flamingo Price Prediction 2021-2025
According to Walletinvestor’s FLM price prediction, Flamingo prices will continue to grow. It is expected that in a year Flamingo will surpass $1. However, Walletinvestor predicts that Flamingo price will not drop, which means the price will continue to grow at a stable rate. According to the website, in 5 years’ time, Flamingo price will reach $2.479. From what we can see now, the trend is strongly bullish.
Digitalcoin Flamingo Price Prediction
Digitalcoin’s Flamingo price prediction suggests that the price will increase in the future. Based on the website forecasting, investing in Flamingo will be profitable. The highest expected Flamingo price in the future is $3.26.
Gov.Capital Flamingo Price Prediction
Gov.Capital expects Flamingo price to reach $2.277 (+273.594%) in a year and $16.71 in 5 years. The website indicates that Flamingo has a strong upward trend. Gov.Capital suggests adding Flamingo to the portfolio, as many factors show that it is going to be a good portfolio addition for holders.
Let’s say you invest $100 in Flamingo right now. You will get back $373.594 by November 2022, according to what Gov. Capital predicts.
To make their FLM price prediction, Gov.Capital takes multiple variables such as volume, price, market cycles and compares them to similar coins.
According to experts’ Flamingo price prediction, the FLM price will continue to grow. Most experts recommend buying FLM. We can see a strong upward trend for FLM, as well as the increasingly growing resistance and support levels. Flamingo can be characterized as stable. We have not seen any sharp crashes as of lately. There are also no price surges anticipated soon.
Analysts suggest that adding Flamingo to your Portfolio will be a good long-term investment.
Check the latest Bitcoin price prediction from experts. Get the latest Bitcoin news from various platforms, including Trading View, Walletinvestor, Twitter, and Youtube analysts.
What is an FLM coin?
Flamingo is a decentralized finance platform built on the NEO blockchain protocol. FLM coin is the native coin for Flamingo.
How many FLM coins are there?
The current circulating amount of FLM coins is 150,000,000.
How do I buy FLM?
If you wish to buy FLM, you need to follow these steps:
- Find an exchange that supports exchange with Flamingo;
- Deposit funds on your account via bank transfer, by paying with your credit/debit card, or by depositing crypto from your wallet;
- Buy FLM and find the best wallet for storing.
Is Flamingo a good crypto?
Yes, Flamingo has generally positive reviews and a strong upward trend. FLM price prediction indicates an expected steady increase in the future. Experts recommend adding FLM to your portfolio.
What does Flamingo coin do?
Flamingo combines all key NEO blockchain features in one user-friendly platform. FLM's most unique functions include Wrapper, Vault, Swap, Perp, and DAO.
How do you use Flamingo finance?
There are three easy steps you can take if you want to use Flamingo finance.
- Go to Flamingo.finance and click “Income”.
- Click “Connect Wallet” to connect to MetaMask wallet.
- Click “Connect” once you choose the wallet you want to connect to.