Cryptoinsightuk
Cryptoinsightuk
FLR−8,06 %
BTC−3,03 %
XRP−4,53 %
DOGE−6,03 %
LTC−5,14 %
People asking for price targets on $FLR. Price targets are very difficult as they are so new in terms of product. There could be a huge variety in what is achieved. With any “new” product there is always risk associated in the platform, so you have to take this into consideration. Hacks / execution issues etc. However, the upside with flare is a % of $XRP / $DOGE / $BTC / $LTC being wrapped on Flare and used for defi purposes. These wrapped assets need to be collateralised and in this sense it’s like of a flywheel if the product is successful. (Flare has other features and ideas too) Ie. If we achieve what @HugoPhilion discussed on a recent podcast as a goal, 5 billion $XRP on @FlareNetworks by mid 2026. At these prices ( $XRP at $2.50) that would give us a very rough price of about 6-7x from here. Based on back of the napkin TVL math to price and nothing more. The price is difficult because we have no definite answer as to what TVL equals in terms of price and / or how much demand there will be. OR how much ecosystem development will happen upon broader adoption. I am personally thinking $FLR goes to $0.14 minimum but could moon shot all the way to $0.5 - $1.00 and maybe higher if the stars align. You have to remember these are my opinions and speculations and there is still significant risk. This is why I say I think the risk to reward is good. The risks are as above plus we may not achieve widespread adoption. However, if we do things could get very interesting very quickly imo
Cryptoinsightuk
Cryptoinsightuk
I bought some more $FLR. I’m probably up to about 8/9% flare in regard to my whole portfolio. It’s a risk seeing as it’s a new ish token and they’re just rolling out their product offerings. However, I think the upside reward is very good.
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