After a strong start to 2022, the crypto market eventually slowed down. The market dropped significantly in May. It would seem that most cryptocurrencies are still having difficulty gaining traction at this time. Big names in the crypto industry, like Dogecoin (DOGE) and Shiba Inu (SHIB), have started losing investors to presale Flasko.
Failure of Dogecoin (DOGE)
Since there has been no major change to the Dogecoin (DOGE) network or the outside world, the value of the cryptocurrency has not changed noticeably. Consequently, the asset’s profitability hasn’t been appealing to investors. Those that did so will have to wait a little longer for their investments to yield a reward. Interestingly, in March of this year, almost 700,000 Dogecoin (DOGE) investors left the market in only 48 hours. The event made Dogecoin (DOGE) investors wary of price fluctuations, while the cause is still a mystery.
For Dogecoin (DOGE) to stay at its present price, volatility must remain low. If Dogecoin (DOGE) is ever going to escape the consolidation curse, its current volatility of 52% will need to double.
Shiba Inu (SHIB) will not skyrocket anytime soon
Those who put their money into Shiba Inu (SHIB), a cryptocurrency based on a meme, are losing money. In 2020, the Shiba Inu (SHIB) meme coin was issued. A few bitcoin “whales,” including Elon Musk, promoted Shiba Inu (SHIB) through his Twitter handle.
Shiba Inu (SHIB) prices rose considerably over time because of the consistent demand for the coin. Recent growth, however, has been underwhelming, and it suggests that Shiba Inu (SHIB) investors have broadened their investing horizons.
Flasko (FLSK) Is Gathering All The Attention From Investors
Flasko is an upcoming cryptocurrency and alternative investment platform that will allow investors to purchase fractions of expensive wines, whiskeys, and champagnes as NFTs. Purchasing the whole NFT will make you the proud owner of the investment you purchase the NFT of, and Flasko will deliver it to you without any extra charges!
For each beverage asset, NFTs are minted so that customers may buy and sell beverages as an investment. By purchasing NFTs representing a beverage, investors may effectively “claim” the beverage as their own.
Flasko displays the trends of becoming a blue-chip crypto investment pretty soon. While it is currently priced at $0.077 per presale token, analysts claim Flasko will hit $4.2 by February 2023, so getting in on this promising project early could pay off massively.
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://coinpedia.org/press-release/flasko-flsk-investors-will-profit-more-than-dogecoin-and-shiba-inu-investors/