With the prolonged bearish market of 2022, even top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) were not exempted from the market dip. As a result, Bitcoin (BTC) and Ethereum (ETH) have decreased in value since the year’s onset, and investors who bought at all-time high prices were affected.
In contrast, new cryptocurrencies with unique utilities and solid fundamentals, like Flasko, are set to perform better than Bitcoin (BTC) and Ethereum (ETH) in the short term. As a result, investors are flocking to Flasko, as seen in its increase from $0.015 to $0.05.
Bitcoin (BTC); hit by inflation and continues trading on a downtrend
Bitcoin (BTC) is still on a downtrend since there are not many catalysts that might drive the price in the other direction. Currently, the cost of Bitcoin stands at $19,160, with a previous price reduction of 7.79% in the last 30 days and a 20.94% decrease over the previous 60 days.
Though there are some price changes found in the whole cryptocurrency market, Bitcoin (BTC)
still couldn’t trade past the $20,000 mark and still trades around $19,000. Analysts predict that Bitcoin (BTC) might surpass the $20,000 mark after the RSi reaches the support level in the coming weeks.
Ethereum (ETH); price continues on a downtrend
By market capitalization, Ethereum (ETH) is the second largest cryptocurrency asset after Bitcoin (BTC) for investors. This is because Ethereum (ETH) is innovative and has several use cases, such as its use for smart contracts that allow investors to perform transactions in the decentralized finance industry (DeFi), decentralized apps, and dApps.
In the past day, Ethereum (ETH) has shown a 1.62% drop in price and currently trades at $1,273. Overall, the general trend of Ethereum (ETH) still shows a downtrend with it showing a 21.25% decrease in the past 30 days and a 33.75% decrease in the past 60 days.
Flasko (FLSK); the alternative investment set to have huge investment potential
Flasko sets itself apart from other cryptocurrencies as the first innovative and alternative platform that gives investors the chance to invest in luxury and high-end whiskeys, wines, and champagnes. Flasko lets investors invest in fractionalized NFTs, which represent a real-world investment in the form of bottles and casks that will be sent to the investor’s home for free.
With Flasko not being connected to any underlying risk, Flasko provides investors with a distinctive value proposition. This is due to Flasko locking its liquidity for 33 years and getting an audit from Solid Proof, a famous cryptocurrency auditing company headquartered in Germany.
Investors can make significant gains by investing early into a project, like in the case of Flasko. With Flasko presales ongoing for a price of only $0.05, experts and analysts predict that the token might surge in 2023. These signs show that Flasko is a promising investment opportunity that investors should check out.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
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Source: https://www.thecoinrepublic.com/2022/10/14/bitcoin-btc-and-ethereum-eth-becomes-decline-magnet-flasko-flsk-set-for-success/