Most investors and cryptocurrency enthusiasts who invested in the 2021 bull run are currently running at a loss with the 2022 crypto winter and the general bearish bias of the cryptocurrency market. This year, the entire cryptocurrency market capitalization fell significantly, resulting in many cryptocurrencies dipping by 70% or even being wiped out entirely.
Though some established projects like Elrond (EGLD) and FTX Token (FTT) were not too affected, they weren’t exempted from the downtrend. This is why experts suggest investing in Flasko (FLSK), an alternative investment backed by a unique utility set to provide profitable returns.
Elrond (EGLD): investors seeking other alternatives
Elrond (EGLD) is a blockchain-based cryptocurrency platform specializing in Web3 solutions and the installation of dApps. The platform uses EGLD as the native currency, which users can use for staking on the Elrond (EGLD) platform and other platform transactions.
CoinMarketCap shows that Elrond (EGLD) dropped severely after a good run in July, which raised its value by 16%. Currently trading at $54.65, after a 1.57% price drop in the last 24 hours, Elrond (EGLD) still shows a further decline. Based on past trends on Binance, Elrond (EGLD) had a 15.22% decline in the last 60 days and an 8.16% drop in the past 90 days, which further cements the risks of investing in Elrond (EGLD), which makes investors seek for other alternatives.
FTX Token (FTT): still facing a difficult time as the price continues on a downtrend
FTX Token (FTT) uses industry-first derivatives and leverages tokens to provide consumers with state-of-the-art goods. FTX Token (FTT) allows users to trade derivatives like futures and options using a leverage token structure instead of a margin trading methodology. Even with its unique use case, FTX Token (FTT) was still affected by the crypto winter of 2022.
This token currently trades at $23.39 after an all-time high of $85.02 since there are no reasons to move FTX Token’s (FTT) price higher. FTT price performance over the last 90 days shows a 5.11% decrease and a 25.67% and 16.87% price drop over 60 days and 30 days, respectively. With this, investors are not too keen on FTX Token (FTT) and are looking for alternatives.
Flasko (FLSK): the alternative investment with promising returns in 2022 and beyond
With the current bearish market, Flasko might be the best investment to take beyond 2022. Flasko has a distinctive and unique value proposition that lets investors invest in fractionalized NFTs backed by high-end, luxury, and rare wines, champagnes, and whiskeys that would be delivered to the investor’s home.
Many investors are taking part in Flasko’s presale since analysts predict Flasko is an excellent alternative investment that would soar. Experts also indicate that the Flasko presale price, which goes for only $0.065, might likely increase to about $3, which is about a 100-fold price increase.
With Flasko getting audited by Solid Proof and its liquidity promising to be locked for 33 years, this shows that Flasko is worthy of investment and will provide huge gains for investors in the short term and even till 2023
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.