The scandalous collapses of FTX, Alameda Research, and BlockFi triggered an avalanche in the crypto market as investors ditched their holdings and obliterated prices across the industry. Solana (SOL) and Avalanche (AVAX), both top 50 mainstays, were some of the coins caught up in the market rout.
Fortunately, the crypto industry is full of surprises, including finding profitable opportunities in high-potential presale tokens like Flasko, which is just in its second presale phase and about to go on a massive run.
Avalanche (AVAX) Continues Protracted Struggles
Avalanche (AVAX) is one of the prominent layer 1 smart contract platforms that took off in 2020, along with Solana (SOL). And just like Solana (SOL), Avalanche (AVAX) memorably hit all-time high of $146 last November 2021 but, like most cryptocurrencies, lost a massive chunk out of its market capitalization in the wake of 2022’s events.
Avalanche (AVAX) is trading under $12 right now, well below 91% of its ATH levels. Worse, Avalanche (AVAX) is expected to continue its struggles well into the new year as development activity slows down to a trickle.
Solana (SOL) Faces Drawn-Out FTX Fallout
The FTX implosion and its fallout have turned the crypto industry upside down, as well as massive grief for Solana (SOL) token holders. Solana (SOL) has found itself in the middle of the controversy as token prices took a massive dump in the wake of the FTX collapse and the Solana (SOL) token’s close association with disgraced former FTX CEO Sam Bankman-Fried, whose fallen crypto exchange held almost 11% of Solana (SOL) token supply.
It didn’t help that Solana (SOL) counted Bankman-Fried as a major investor and prominent figure associated with the blockchain protocol. Solana (SOL) faces an uphill battle to regain value in the eyes of crypto investors, who opt for better investments to buy into.
Flasko (FLSK) Continues To Turn Heads as Presale Draws to a Close
Flasko is attracting investment from the crypto community and beyond as its Phase Two Presale draws to a close, with over 10,000 individuals expressing their intention to participate and take advantage of Flasko’s presale discount token prices of $0.111.
Flasko intends to democratize alternative asset investment in the volatile crypto space by enabling users to invest in the lucrative rare wines, whiskeys, and champagnes asset class, which has delivered greater returns than traditional financial products and commodities the past several decades.
Flasko does this by allowing users to purchase and trade NFTs that represent and are backed by Flasko’s wide selection of world-class wines and whiskeys to benefit from their steady appreciation in quality and value. Flasko gives investors a true hedge against inflation that is not linked to the ebbs and flows of financial markets.
Consequently, crypto analysts have lauded Flasko’s unique value proposition. Many have singled Flasko out for its potential to do a 50x increase in 2023, expecting Flasko tokens to increase to $5 by then.
Flasko has also secured its long-term viability by passing an audit by none other than Solid Proof. Moreover, Flasko has frozen team tokens for three years while locking platform liquidity for 33 years. There’s no better time to invest in Flasko than before it lists on Uniswap and other major exchanges.
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