Should You Buy the Chainlink (LINK) and Polygon (MATIC) Dip or Buy Flasko (FLSK)?
The unprecedented collapse of the world’s second-largest cryptocurrency exchange FTX has created shockwaves across the crypto industry, triggering what used to be “diamond hand” holders to panic sell and drive prices to record one-year lows.
Chainlink (LINK) and Polygon (MATIC) weren’t spared from the massive sell-off––these established tokens have lost mindshare and investment appeal, and newer cryptos with more potential, like Flasko offer investors a chance to make money in this bear market. Let’s see why this presale token is turning heads entering 2023.
Chainlink (LINK) Bearish as It Falls Below $6
Chainlink (LINK) has sunk below the $6 mark despite Chainlink (LINK) Labs introducing a brand-new staking capability intended to bring changes to its ecosystem. However, Chainlink (LINK) prices have failed to get close to the $7 support level. Chainlink (LINK) made some decent gains in November compared to other cryptos, but the bulls couldn’t sustain the positive action as prices went south beginning in December.
This indicates a bearish trend for Chainlink (LINK) with plenty of room for further decline. Leave Chainlink (LINK) for the bears for now.
Polygon (MATIC) Struggling to Stay Relevant
Polygon (MATIC) was performing quite well in relation to other cryptocurrencies during this bear market. Still, it wasn’t spared a massive pullback after the complete and total crypto washout after FTX collapsed. Polygon (MATIC) gained prominence as a layer 2 Ethereum sidechain that enabled users to spend less on gas fees while allowing developers to create scalable apps on the platform.
However, since the Ethereum merge, Polygon (MATIC) has largely struggled to stay relevant, causing Polygon (MATIC) tokens to lose mindshare as indicated by an 11% decrease in token prices over the past week. Polygon (MATIC) holders take note: it will take some time before the token stabilizes.
Flasko (FLSK) Programmed for a 40x Boost in 2023
There’s no better way to make money in crypto than by investing early in projects with loads of potential, especially during presales. Flasko is one of those highly-touted projects.
Flasko intends to build the world’s first unprecedented alternative investment protocol that merges NFTs and enables individuals to trade rare wines, whiskeys, and champagnes. Considering the sector has performed substantially better than traditional financial products, Flasko is on to something as the first mover in this extremely profitable niche, which was once restricted only to high net-worth individuals and institutions.
Moreover, Flasko enables companies in the rare wines industry to take advantage of the protocol’s launchpad. This will allow brands to market their products to Flasko investors, who get the first crack and exclusive discounts on the hottest new investment-grade wines and whiskeys.
Best of all, Flasko is prepped for success. With platform liquidity locked for the next 33 years and an audit performed by reputable German firm Solid Proof, Flasko is a safe presale token to invest in.
Presale participants can take advantage of discounted Flasko prices of $0.111, which crypto experts predict will do a 4,000% increase to hit $4 by 2023. If you want to invest in a winner at its earliest phase, you can’t go wrong with Flasko.