Investors jumping ship for better investment opportunities is a pretty common occurrence in the crypto space. Due to high volatility and market unpredictability, investors will always be at risk of gathering losses as they continuously trade cryptocurrencies. Finding the “less risky” crypto to invest in might have become a bit harder because of the market crash of this year that affected promising coins like PancakeSwap (CAKE) and Theta Network (THETA).
Amidst all the free falls and consolidating coins in the market, one altcoin seems to be gathering the right momentum to undo the damages of the crash. Although its presales are ongoing, Flasko has already shown superb growth potential as it moved from its initial $0.015 to $0.05. According to some analysts, this Flasko is set to usher in a positive revolution the crypto market needs.
PancakeSwap (CAKE); might lose investors as its nosedive continues
PancakeSwap (CAKE), a Binance Smart Chain (BSC) decentralized exchange (DEX), has been faced with the turmoils of the 2022 market turbulence, seeing its price crash. This coin can function independently of other market players due to its in-built autonomous market makers. While CAKE had a bullish 2021 run, its market price has been looking bearish since the start of 2022 and will, most likely, continue this way till the end of the year.
It is trading at $4.42 today, which remains 90.01% below its all-time high of $44.18. In the last 24 hours, CAKE has fallen by 0.05% and in the last 7 days by 3.44%, leaving a trail of consistent decline. Although this coin has the potential to rise, an uptrend is not expected soon; however, it might consolidate prices before a high surge occurs.
Theta Network (THETA); can’t keep up with Flasko (FLSK)
As a peer-to-peer video distribution blockchain protocol, Theta Network (THETA) focuses on media and entertainment, allowing platforms to increase revenues. THETA, its local coin, which is compatible with Ethereum (ETH), offers Turing-complete smart contracts and attribution models for its network-based decentralized apps (dApps).
Unfortunately, this coin hasn’t had a great run in the market since the start of the year. Currently trading at $0.99, it is 93.78% below its highest peak of $15.90, and according to experts, it is likely to dip further before the end of the year. For now, THETA doesn’t look good as a short-term investment for investors’ portfolios.
Flasko (FLSK); gaining investors’ confidence as uptrend looms
Flasko will be an innovative, alternative investment platform that will allow its investors to invest in NFTs representing vintage luxury wines, champagnes, and whiskeys that can be delivered straight to the homes of investors — regardless of distance. Flasko passed its audit with Solid Proof as a cryptocurrency protocol and will have its liquidity locked for 33 years.
Its presales are ongoing at $0.065, and according to experts, it is expected to surge by over 4,000% before the end of Q1 2023. As shrewd investors know, investing in solid projects like Flasko early is where significant gains are often made. Experts suggest that Flasko may become a blue-chip crypto favoring investors’ portfolios in the long run.
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.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.