The continuous downfall of the cryptocurrencies has created turbulence in the crypto market and have put the investors to the test. In the last few months various mainstream crypto currencies have been trading in red leaving the investors with the only options of selling binge that have adversely affected the growth prospects of various crypto currency projects. Two such mainstream currencies that failed to hold their ground and continue to have bearish tendency for a reasonable time are Stellar (XLM) and Algorand (ALGO). With such bearish tendency and no hopes of recovery, Flasko (FLSK) has emanates as hope for the investors worldwide with its decision to take over Algorand (ALGO) And Stellar (XLM).

Investors to sell in the Flasko Presale?

The whale of the crypto market Algorand was witnessing downfall since the crypto Market crash of May 2022 and was trading in $0.779 but it witnessed the sharp downfall after the debacle of Terra (LUNA) and price fell to $0.371. Since then, it is continuously falling and currently trading at $0.2984.

To save itself from the continuous downtrend, Algorand need to expand its transaction volume which is now trading at a lower-than-average volume by attracting additional buyers. It’s been observed that since June 11, due to dominance of bears in the token selling, Algorand (ALGO) has continued to trade at lower volume and remain in consolidation phase. However, the prediction of rising prices of Algorand has tied the investors and are looking forward for the new initiative called Flasko (FLSK).

While the cryptocurrency market is witnessing a hint of revival but the story of Stellar remain unchanged. Investors are not supporting it since its prices remain low and show no sign of rise. With its being sold at discount of 86% to its extremely low market capitalization to $3 billion has caused the rapid decline in its price. But investors crossed figures and are remaining hopeful.

FLASKO(FLSK)

To make the crypto investors happy and satisfy their desire a marketplace named Flasko (FLSK) is being established as a first platform to invest in expensive alcoholic beverages like wines, champagnes, and whiskey. FLASKO mints an NFT of the unique, rare, and expensive wines, champagnes, and whiskey which is backed by real vintage bottles which will be stored in insured and licensed warehouse.

Due to unprecedent growth in the investment of these beverages in last 5 years and insiders’ preference for the project, the revenue for the project has been predicted to increase by over 4000% by 2023 and is considered as best investment. It has been further analysed & assumed that the new presale currency of Flasko will likely makes it place in top 20 crypto by next year, thus making it most profitable crypto investment.

Research Disclaimer: The information developed in this report is intended to be as reliable as possible at the time of publication and is of a professional nature. This information does not constitute managerial, legal, or accounting advice, nor should it be considered as a corporate policy guide, laboratory manual or an endorsement of any product, as much of the information is speculative in nature. Peak Blockchain and the author assume no responsibility for any loss or damage that might result from reliance on the reported information or from its use.