The new paradigm in cryptocurrency investing emphasizes tokens with real-world utility and serious growth potential. Gone are the days of simply buying the dip on established cryptos like Avalanche (AVAX) and Cardano (ADA), which have seen better days – after all, it will take billions in market capitalization for either Cardano (ADA) or Avalanche (AVAX) to get anywhere remotely close to their all-time high prices again.
That’s why Flasko, an alternative investments protocol currently in the second phase of its presale, is deservedly taking the spotlight from older cryptos as the year ends. It offers the same, if not better returns, as Avalanche (AVAX) and Cardano (ADA) did for its early investors.
Avalanche (AVAX) Falls Under $11 Support
Avalanche (AVAX) bears failed to protect $11 support levels from a market sell-off as Avalanche (AVAX) tokens have fallen to $10.88 per token as of this writing.
This indicates an overall decrease in buyer momentum for the smart contract platform, continuing a harsh bearish trend all year. The FTX collapse didn’t do Avalanche (AVAX) any favors, with the token’s market capitalization seeing significant outflows to other more promising protocols like Flasko.
Despite positive sentiment surrounding its partnerships with e-commerce conglomerate Alibaba, Avalanche (AVAX) prices have failed to take off, as Avalanche (AVAX) prices remain almost 93% below ATH levels. By the end of 2022, Avalanche (AVAX) may hit rock bottom at $10.
Cardano (ADA) Falters
Cardano (ADA), at its peak, was the third-largest cryptocurrency behind only Bitcoin and Ethereum. But despite its relatively stable existence, Cardano (ADA) is largely viewed as a blockchain in progress that is still under ongoing development. Needless to say, Cardano (ADA) still boasts among the most active development communities, indicating more upgrades and improvements to come on the Cardano (ADA) ecosystem, which may bode well for token prices moving forward.
However, investors hoping for a bounce may be disappointed, as Cardano (ADA) has fallen 92% from its all-time high of $3.10 and is trading at $0.24 as of this writing.
Flasko (FLSK) Expected to Increase By 50x to $5 in 2023
If you want to make a serious profit in 2023, get into a presale like Flasko instead of buying the dips on old crypto like Cardano (ADA) and Avalanche (AVAX).
Flasko is building the first and only alternative investment protocol specializing in rare champagnes, wines, and whiskeys. Alternative investments make excellent hedges against inflation and volatility because their value and quality over time only appreciate.
Flasko brings this unprecedented utility to the crypto space by allowing investors to buy and trade NFTs representing physical bottles of the finest beverages from Flasko’s world-class storage facilities. Flasko seeks to tokenize the rare wines, whiskeys, and champagnes sector and open income streams for every investor worldwide.
Flasko is here to stay, too: with a fully completed audit by Solid Proof, 33 years’ worth in locked platform liquidity, and dev team tokens locked for three years, Flasko has secured its financial future and profitability as a protocol moving forward. With presale token prices available at $0.1575, Flasko is set up to bring exponential profits to early investors considering experts forecast Flasko to hit heights of $5 in 2023, or a 5,000% increase.
Don’t let this opportunity to invest early on a blue chip slip away!
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Source: https://coinpedia.org/press-release/cardano-avalanche-facing-extended-slumps-while-flasko-presale-phase-two-surges-on/