While the prices of ATOM and FTT have fallen below their all-time highs, investors seek alternative options. Due to the turmoil around them, FLSK emerges as a potentially better investment before next year.
Investors who bought at the height of the bullish run last year have suffered the effects of the crypto market decline. Since late 2021, the overall market capitalization of the industry has dropped by over USD 2 billion.
While some well-established cryptocurrencies have collapsed, many new projects have skyrocketed above 70%. FTX Token (FTT) and Cosmos (ATOM) are some of the established crypto assets surviving that drop.
However, it is possible to find the NFT project Flasko (FLSK) in the market despite the current crypto winter.
The Price of ATOM Remains in a Descending Line
Since the price of ATOM could not break above USD 20, cryptocurrency analysts predict it will suffer a significant pullback. Cosmos is among many blockchains that aim for interoperability between blockchain platforms for utility-seeking investors.
Although it may have wide adoption, the price of the ATOM token will not reflect that for some time. It is trading at around USD 13, 70% below its all-time high of USD 44.70.
ATOM is trading at around USD 12.86 and has accumulated a 1.6% loss over the last 24 hours. While its daily trading volume is above USD 240.36 million, its market capitalization is about USD 3.76 billion, according to CoinGecko.
The FTT Token to Face a Difficult Time
Investors find it easy to survive the recent drop in the prices of crypto assets with the FTX (FTT) token. However, investors seek alternative options like Flasko (FLSK) since its price is USD 24, 71% below its all-time high of USD 84.18.
FTT is trading at around USD 24.23 and has accumulated a 0.1% gain over the last 24 hours. While its daily trading volume is above USD 43.27 million, its market capitalization is about USD 3.23 billion, according to CoinGecko.
FLSK Might Be a Significant Investment in 2023
Due to the turmoil around Cosmos (ATOM) and FTX (FTT), Flasko (FLSK) may be a better investment next year. Its value proposition may allow investing trillions in luxury spirits and the wine industry.
FLSK, whose presale price has increased between USD 0.015 and USD 0.04, emerges as an opportunity to make significant earnings. According to specialists, the token will reach between USD 3 and USD 5 before 2023, almost a 100% increase.
Meanwhile, BTC is trading at around USD 19,352 and has accumulated a 0.2% loss over the last 24 hours. While its daily trading volume is above USD 27.71 billion, its market capitalization is about USD 370.90 billion, according to CoinGecko.
Investors should research cryptocurrencies like ATOM, FTT, and FLSK before buying them to know their all-time high, behavior, and possible future price. That will allow them to find the most convenient investment opportunity to minimize the risk of losing money.
By Alexander Salazar
