Cardano (ADA) and Polkadot (DOT) are top coins in the cryptocurrency community. These tokens have witnessed good times since their launch, but the recent market declines have left investors second-guessing their investment in these coins with portfolios in the red.
This is why investors are looking to Flasko, a new alternative investment that analysts predict to have a 4,000% price surge in the coming months.
Cardano (ADA) Price Continues On A Downtrend
After Cardano (ADA) couldn’t break its recent resistance at $0.44, analysts expected $0.32 to be the support. Still, the price of Cardano (ADA) fell further to its current $0.30 alongside the broad cryptocurrency market. Investors believe that if the price of Cardano (ADA) cannot hold the $0.30 price position, then a continuous fall would be expected.
Analysts point out data as seen in the Moving Average Convergence, prompting bulls to be careful as it shows a sell signal with frequent red bars. Conversely, if Cardano (ADA) can successfully consolidate above the $0.30 price range for some days, investors can expect a short attempt at $0.44 or even higher in the coming weeks.
But, since the crypto market is still experiencing market downturns, it might take weeks or even months for Cardano (ADA) to achieve a price of $1. This is why investors are already searching for other alternatives.
Polkadot (DOT): Upward Trend Not Foreseeable In The Short Term
In terms of social activity, Polkadot (DOT) has made some headlines in recent weeks as it topped the list. This was a positive development for the Polkadot (DOT) token since it showed its popularity among crypto communities.
But, even with these developments, things don’t look too good for the Polkadot (DOT) token. CoinMarketCap shows that the Polkadot (DOT) token has had a negative 12% performance in the last seven days. At the time of writing, Polkadot (DOT) costs $5.16 after a 2.2% price drop over the previous day.
A look at the stochastic signal showed that Polkadot (DOT) is currently oversold, which is a bullish signal. Even with Polkadot (DOT) topping blockchain lists of development activity, Polkadot (DOT) token volume has reduced in the past few days.
The daily chart showed worse things for the Polkadot (DOT) token, as many indicators showed a bearish signal in the coming days. With such data, investors aren’t too keen on Polkadot (DOT) token providing gains in the coming weeks. This is why investors are in search of alternatives.
Experts Predict Flasko (FLSK) To Surge 4,000% In The Coming Months
Flasko will be the first alternative investment to let investors trade in fractionalized and minted NFTs. These NFTs are tied to real-world assets such as luxury wines, rare champagnes, and whiskeys.
A complete purchase of an NFT will let investors get their assets delivered to them. Flasko will partner with wine stores to get the assets into the market while ensuring investors can get discounts and first access to products. Currently, Flasko is worth $0.085, and analysts predict that this price will rise by 4,000% in the coming months.
Though Cardano (ADA) and Polkadot (DOT) might have some good price action in the coming months, expert analysts believe that investing in Flasko would provide the best gains in the coming months. Since it has been audited by Solid Proof and will lock its liquidity for 33 years, investors are assured of a risk-free investment. You can follow the links below to learn more about the project.
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://cryptodaily.co.uk/2022/11/investors-in-cardano-ada-and-polkadot-dot-have-their-portfolios-in-red-while-flasko-flsk-price-surge