Flow tells you what to expect from the mainnet including TPS boost

  • FLOW STATUS will improve with the latest update, making it even more attractive for mass use
  • FLOW is on its way to being patched but the upgrade may delay that outcome

Flow network is about to change things with the upcoming upgrade called Flow mainnet spork. One of the most important things to consider is what this upgrade will do to the network. The latest update to Flow may provide some insight into what to expect.

Read the FLOW 2023-2024 price forecast

According to the update, one of the biggest benefits of upgrading the main network is its ability to scale. The network revealed that it plans to be able to handle petabytes of data, giving it an edge over many other major blockchains. What was most interesting was that the upgrade would allow Flow to greatly improve its TPS.

A higher number of transactions per second allows the network to increase its scalability. This can also be seen as a step aimed at preparing for mass adoption.

These upgrades will make it easier for Flow to compete more effectively with other blockchain networks. These upcoming upgrades are good news for the Flow community, but can they facilitate the increased demand for the FLOW cryptocurrency?

There are some notes that may indicate the potential impact of this upcoming upgrade on FLOW. For example, her developmental activity has improved since the beginning of this month, which is a healthy note from the development side.

Source: feeling

Recently, Flow’s social dominance metric saw its largest increase in the past four weeks. This means that he may receive a great deal of attention during the news of a major upgrade of his network. This is in line with the increase in volume seen since January 12th, thus reaching a new monthly high.

flow volume and variability

Source: feeling

In addition, FLOW price volatility has swung in favor of the upside over the past three days. These observations allowed FLOW price action to extend its bullish trend over the past 3 days. A result that fueled a collective rally of 78% over the past two weeks.

flow price movement

Source: TradingView

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But can FLOW keep its current course especially now that it is about to go through a large network. It may turn out to be a “buy the rumor, sell the news” case, especially now that it’s overbought.

What do you expect in the near future?

The upcoming Flow upgrade could create the FLOW cryptocurrency for more organic demand in the long term. However, the short-term outcome could see a return of selling pressure given the current overbought conditions. Another rally could occur if news of the upgrade attracts more buyers, but that will only drive the bounce back.

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