This year, the cryptocurrency market has faced several pitfalls and coin declines. While many investors hope to jump on the next gold for their portfolios, many coins aren’t looking as promising as their presales and launch prices. Such cryptocurrencies like Polygon (MATIC) and Avalanche (AVAX) have fallen hard during this bearing season, costing investors wallets to fumble.
Despite the challenges pervading the market and several coin capitalizations, Flasko seems to be showing promise for investors. This new coin which has already gotten its early investors a 100% gain, is poised to be an alternative-investment platform granting users an opportunity to invest in vintage wines, whiskeys, and champagnes worth over a trillion dollars.
Polygon (MATIC); continues to decline… investors seek new options
The Polygon (MATIC) coin, a layer 2 Ethereum sidechain, became a part of many investors’ portfolios, being that it served as a means to improve smart contracts’ security, scalability, and privacy. This ERC20 token allows Ethereum (ETH) users to benefit from having cheaper gas costs and quick transactions. However, even with a merger with Ethereum (ETH), this coin continues to decline as fast as it rose in 2021.
As of today, Polygon (MATIC) price is at $0.8192, which is about 71.95% less than its all-time high price of $2.92. According to experts, this coin is yet to see its devastating bearish price in the market. As Q1 of 2023 approaches, it is expected to witness a harder fall for many MATIC investors.
Avalanche (AVAX); investors worst nightmare happening
Falling off the top 10 cryptocurrencies on the market by capitalization, Avalanche (AVAX) has seen an extremely terrible run for the year 2022. A significant percentage of the loss for AVAX investors could be seen in April and May of 2022, having lost more than 80% from its all-time high price of $146.22 in 2021.
One could say the lifespan of this coin was pretty short-lived and may not see a new high peak in the coming months, making it a risky investment. However, there are whispers that buying now at $17.305 could be good for the next bullish market expected to hit $32-$40. While these are simple speculations, other coins like Flasko pose to offer high gains by investing early for the market season of 2023.
Flasko (FLSK); expected to be 2023 top investment coin
Flasko will be a unique and innovative new alternative investment platform, allowing users to invest and trade fractionalized NFTs representing real luxury investments in bottles and casks backed by expensive whiskeys, wines and champagne.
From the looks of things, the coin, currently selling at just $0.05, may eventually become a blue-chip crypto. With certain assurances like liquidity getting locked for 33 years and Flasko passing its audit with Solid Proof, the next set of crypto millionaires will be made from the coin by 2023. You should check out Flasko and jump on the next big investment train for the coming year.
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