Even with the global crypto market downturn investors witnessed this year, this hasn’t stopped them from looking for crypto gems that would boost their portfolios. Top cryptocurrencies haven’t performed well, and Dogecoin (DOGE) and Gala (GALA) aren’t exempted from the bear list.
But, amidst these market uncertainties, Flasko, a new utility token based on NFT pegged to luxury wines, champagnes, and whiskeys, has been making the waves as its presale price has risen by more than 500%.
Dogecoin (DOGE) Might Hit All-Time Lows In Coming Months
The meme coin Dogecoin (DOGE) has lost most of its gain after being hyped by the current Twitter owner Elon Musk. As the hype dies fast, many investors have withdrawn their profits, resulting in its continuous downtrend. Over the past weeks, Dogecoin (DOGE) has lost its gains amassed during the last week of October.
Crypto analysts predict that Dogecoin (DOGE) could reach the bottom in this present downtrend — a price it had before the hype. Analysts predict that this price would best fit Dogecoin’s (DOGE) value as that was what was traded before the spike since the recent surge might be due to a new hype.
Dogecoin (DOGE) currently trades at $0.076, and analysts predict that Twitter might not adopt Dogecoin (DOGE). This would deny Dogecoin (DOGE) a significant utility that would boost its market value.
Gala (GALA): Metaverse Coin Not Performing Too Well
When we mention Gala (GALA), we talk about online gaming and the Metaverse. The Gala games ecosystem was created in 2018 and are a blockchain network that uses NFTs to help players get game items — players can trade their NFTs within the Gala games ecosystem.
In 2021, the Gala (GALA) token witnessed a huge bullish run. September 2021 was the last time it gained momentum after listing on centralized exchanges, then achieved its all-time high on November 26, 2021, at $0.82. But, this bullish trend didn’t last long, as it fell drastically in the following months.
Even with the hype surrounding play-to-earn tokens, data from CoinMarketCap shows that the price of the Gala (GALA) token is currently worth $0.02, which shows a 97.0% total value loss. Gala (GALA) obtained this price after the recent crypto crash.
Flasko (FLSK): Presale Gem Ready To Spike In Coming Months
Flasko will let investors trade in fractionalized and minted NFTs, which are pegged to real-world luxury wines, rare champagnes, and whiskeys. As an alternative investment platform, users can buy fractionalized and minted NFTs. A complete purchase of an NFT would result in the investors getting their assets delivered to their location.
Flasko will also partner with wine stores to ensure that investors can get the products in the market. Investors will also get first access to the products and benefit from discounts. Regarding security, Flasko has passed an audit from Solid Proof and will lock its liquidity for 33 years. This reduces the chances of a rug pull, making it more secure.
Many investors have joined Flakso’s ongoing presale since it goes for a price of only $0.085, and analysts expect the price to go for a price of above $2 by March 2023. Analysts believe that Flasko could well be the top investment for 2023.
Investing early in a solid project like Flakso provides maximum benefits. You can do this by following the links below.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.