The year has been quite challenging for crypto enthusiasts and investors with the continuous bearish market that happened some months back. Even top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) suffered from the bear market, causing investors to seek ways to get some gains as the year ends.
Several new cryptocurrencies are being developed, and some of them show promise. Flasko is one such example, and analysts predict that Flasko, currently in its second presale stage, would pump in price. At the same time, other cryptocurrencies like Arweave (AR) and Elrond (EGLD) show consolidation.
Arweave (AR) Price On A Downtrend
In 2021, Arweave (AR) token experienced a vast bull run that caused the token to hit a price of $32.55 by the last day of March. This was a huge increase of 1,137%. However, the price retracted and fell to $19.58 by April 2021, almost a 40% drop in price from its peak in March. By August 2021, Arweave (AR) token also experienced a price increase which saw it trade at $65.84 by the last day of August, which is about an 813% increase.
By the beginning of 2022, Arweave (AR) token showed bearish sentiments. By February, it had plummeted to $30, which was further reduced to $7.21 by June 18, which was a 52-week low. Currently, Arweave (AR) token trades at $9.99 after a 5.95% increase in the previous month. However, though Arweave (AR) token is showing signs of recovery, investors aren’t keen on the token rising in the short term.
Elrond (EGLD) Is Currently On A Bullish Run
Elrond (EGLD) has been rising as the token recently broke past a resistance level to its current price of $58.63. A look at the weekly, biweekly, and monthly time frames shows Elrond (EGLD) token has been on bullish momentum. Analysts predict that this bullish sentiment might be a result of recent events.
One such event was the news of Opera granting its users access to utilize Elrond (EGLD) tokens if they enabled their in-built crypto wallet. Consequently, the market reacted by increasing Elrond’s (EGLD) price.
At its peak, the Elrond (EGLD) token traded at $542.58, which has sadly fallen hard. Over the last day, Elrond (EGLD) had a $0.95% price increase to get to its current price. Elrond (EGLD) currently has a total circulating supply of 23.64 million while it has a market capitalization of $1.39 billion, making it the 37th largest cryptocurrency.
Flasko (FLSK) Stage Two Presale Begins As Investors Expect The Price Pump
Before Flasko’s first presale stage ended, Flasko traded at $0.05. However, with the start of the second stage of the presale, Flasko began with a price of only $0.077, which clearly shows a price increase. Flasko protocol combines NFT and real-world utility for investors to invest.
Flasko will be the first alternative investment that lets people invest in a platform where users can trade in minted and fractionalized NFTs backed by real-world assets such as rare wine, luxury champagnes, and exotic whiskeys.
As a new crypto, Flasko has passed its audit from Solid Proof and will also lock its liquidity for 33 years, ensuring safety. As a result, analysts predict that Flasko has the potential to be a future blue-chip cryptocurrency. Analysts also predict Flasko to be among the top cryptocurrencies of 2023.
Click on the links below to learn more about the project.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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