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Chainlink (LINK) and Monero (XMR) Lose Steam; Flasko (FLSK) Constantly Gaining Mindshare

Market Trends

Cryptocurrency markets took a severe beating in 2022 as the bear market set in – in away. Not even historically top performers like Chainlink (LINK) and Monero (XMR) were spared the massive loss in value, severely shaking investor confidence in the protocols that they bought into.

Worse, unlucky investors who bought at the height of the bull run are sitting on heavy bags and heavier losses. And the thing is, cryptos like Chainlink (LINK) and Monero (XMR), which have already gone parabolic, will require billions of dollars in fresh capital from new investors for them to come close to their all-time highs.

However, there are still plenty of diamonds in the rough, even during bear season. One of those is Flasko, whose presale is still ongoing – offering investors whose portfolios are struggling a chance to bolster their portfolios through alternative investments.

Chainlink (LINK): 86% off all-time highs

Chainlink (LINK) has come a long way from being a relatively unknown protocol which launched at a presale price of $0.11 to becoming one of the greatest gainers in the crypto space, hitting an all-time high of $52.70 in May 2021. However, Chainlink (LINK) has since bled out all the way to $7.50, where it currently trades.

The bad news is that the last time Chainlink (LINK) was at these price levels, it was just about to take off. Worse, the Chainlink (LINK) community itself seems to have turned on the project itself, with the negative sentiment around Chainlink (LINK) shooting through the roof in the past several months. Not a good time to be in Chainlink (LINK) right now.

Monero (XMR): Tough Time Since ATH of $542

Monero (XMR) is a well-known privacy and anonymity-focused cryptocurrency that most blockchains lack. Consequently, much of Monero (XMR) and its success can be attributed its unique utility – that of enabling confidential, virtually untraceable transactions.

But like a lot of cryptos, Monero (XMR) lost a lot of value since hitting ATH levels of $542, at one point testing lows of $100 per Monero (XMR) token – trapping it in a bear cycle for over six months. Monero (XMR) is currently trading at $150, or around 73% below its ATH. There are better protocols to invest in rather than betting on a resurgence for Monero (XMR) that is unlikely to come.

Flasko (FLSK): Changing the Alternative Investments Industry

Early Chainlink (LINK) and Monero (XMR) investors made a ton of profit by buying into their presales and at their earliest opportunities, because that is how traders make profit in crypto – not by buying at their tops and hoping they recapture their ATH levels.

Flasko gives crypto investors THAT opportunity: a chance to buy into a presale project that will lock liquidity for 33 years, a fully-audited smart contract by Solid Proof, and a unique use case opening the once-exclusive alternative investments to everyone – particularly in the luxury wines, whiskeys, and champagnes sector. The latter is an asset class that has performed better than equities or gold in the past decade, making Flasko one of the most exciting investment opportunities in this current cryptocurrency market.

Moreover, Flasko holders can expect discounts on trading fees, special access to Flasko's extensive catalog of investment-grade wines, whiskeys, and champagnes, investing in fractional Flasko NFTs representing the latter, and global access to exclusive Flasko events. At a presale price of just $0.077, Flasko looks all set to skyrocket in 2023, with analysts predicting it to reach $1.90 by January 2023.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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