Cryptocurrency investors began liquidating their holdings once the dominos in the industry began to fall. Even the top 50 mainstays, Aave (AAVE) and Uniswap (UNI), weren’t unscathed from the FTX collapse, with both cryptos’ prices taking a massive dump due to the ongoing sell-off. However, at the same time, tokens with unique value propositions like Flasko are gaining ground fast over Uniswap (UNI) and Aave (AAVE). Let’s examine the reasons why.
Uniswap (UNI) Trading at Record Lows to Close Out 2022
Uniswap (UNI), the decentralized automated market maker enabling users to trade their ERC-20 token cryptos for others, has long been a top 20 mainstay in the crypto world. Uniswap (UNI) also serves as the ecosystems’ native governance token. Uniswap (UNI) holders can vote on governance proposals involving the decentralized exchange, such as token distribution and future fee changes.
Uniswap (UNI) was once valued at $45 at its all-time high but is now trading at $5, or 89% below its record highs. Not surprisingly, Uniswap (UNI), who bought the wrong end of the dip, is left with heavy bags and looking elsewhere to turn in a profit.
Lending Protocol Aave (AAVE) Continues to Struggle
Aave (AAVE), formerly known as ETHLend, is a decentralized lending protocol enabling users to borrow and lend cryptocurrencies. Aave (AAVE) users who lend can earn passive income through interest by depositing their cryptocurrencies into liquidity pools. At the same time, Aave (AAVE) borrowers can use their crypto to apply for flash loans.
Aave (AAVE) focuses on lending products like overcollateralized loans, which ultimately protect lenders on the platform from losing their capital and make it easier for the Aave (AAVE) protocol to liquidate if the collateral value falls by the wayside. However, Aave (AAVE) is trading 92% below its ATH level of $661 at cut-rate prices of $52. Buyer beware!
Flasko (FLSK): A Potential Presale Blue Chip for 2023?
Flasko plans to take investing in rare wines, whiskeys, and champagnes to a whole new audience of crypto investors. By creating the first and only alternative investment platform supporting the lucrative asset class, Flasko will enable users to trade NFTs representing real-life bottles of luxury rare wines and whiskeys and help them benefit from their steadily-rising prices and quality.
Moreover, Flasko presale investors will be entitled to massive discounts and first dibs on the latest products from Flasko partner brands on its Flasko Launchpad service. Moreover, Flasko VIP members will be entitled to free lifetime discounts on trading fees on the platform, besides gaining access to exclusive wine-tasting events.
Flasko has demonstrated its commitment to the project’s success by locking platform liquidity for 33 years and by locking dev team tokens for three years (followed by another vetting period of 3 years). Moreover, Flasko has passed a full audit from Solid Proof, ensuring that no rugpull shenanigans will happen with its award-winning presale launch.
Flasko is available at a discounted presale token price of $0.1575, but beware – this price won’t last long. Once Flasko lists on exchanges like Uniswap, experts predict the token to increase to $5 by September 2023.
Don’t miss out on this blue chip crypto presale launch. Join using the links below.
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/2023/01/14/uniswap-uni-and-aave-aave-prices-hitting-the-wall-as-flasko-flsk-just-about-to-take-off/