With 2022 ending and the market showing little signs of recovery, investors are all set to take one last dive at the market that would yield profit. Several cryptocurrencies still show signs of struggle, leaving investors searching for coins with investment potential.
However, crypto market analysts have analyzed Litecoin (LTC) and FTX (FTT) to show promise but are more confident in Flasko, which offers extraordinary returns on profits.
Litecoin (LTC) Looks Promising As The Price Seeks An Uptrend
Litecoin (LTC) currently trades at $54.90, and analysts suggest that the altcoin might fall back to its previous low if it encounters a rejection at its recent high. However, Litecoin (LTC) has witnessed some greens in the past 30 days, with a 4.31% price increase. However, this altcoin had a 1.28% price drop on the daily chart.
Since Litecoin’s (LTC) price dropped significantly on September 21, Litecoin (LTC) has managed to consolidate itself above the $50 support level. Over the past three weeks, the price has been ranging between $50 and $56. Analysts predict Litecoin (LTC) might experience an uptrend if it breaks the $56 resistance.
FTX (FTT): Bearish Outlook With Little Gains In The Short Term
The native token of the FTX cryptocurrency exchange is FTX (FTT). FTX exchange is relatively new and focuses on derivatives trading. However, it quickly became a popular exchange in the crypto space. The FTX (FTT) token provides its holders with discounted fees, and holding more means more discount. This means that when more people enter Web3, FTX (FTT) token demand will increase since people will need to save on trading fees.
Over the last day, the broad cryptocurrency gained, which still leaves the total capitalization at above $1 trillion. This has left some cryptocurrencies from correcting after the previous rally. Over the last day, FTX (FTT) traded between $25.50 and $26.44, which indicates low volatility.
Unlike other cryptocurrencies, which have had a challenging outlook with the bearish market, FTX (FTT) token didn’t drop but had a price increase of 2.79% on the last day and a 14.88% price increase over the previous seven days. FTX (FTT) currently trades at $26.23. This shows that FTX (FTT) has begun to recover. By market capitalization, the FTX (FTT) token ranks #23 with a total amount of $3.44 billion and a 133.14 million total circulation supply.
Flasko (FLSK) Investors Are Confident As Analysts Predict Price Hike
Analysts have termed Flasko the presale star because, since its inception, Flasko has continued to increase in price and provide investors with huge profits. Flasko will be the first alternative investment that allows users to invest in a minted and fractionalized NFT backed by real-world assets such as luxury wines, rare whiskeys, and vintage champagnes.
Flasko will partner with luxury beverage startups for secured storage and to ensure that users can get their assets delivered to the location of their choice. As a result, analysts predict Flakso will be the top alternative investment for 2023.
Having passed its Solid Proof audit and its liquidity which will be locked for 33 years, investors are sure it is risk-free. Flasko is currently in its second stage of the presale and goes for a price of $0.077, having a predicted 4,000% growth potential.
You can follow the links below to learn more about the Flasko protocol.
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