Sandbox (SAND) and Algorand (ALGO) are two coins that have helped investors make huge profits throughout the course of these cryptocurrencies’ existence. However, they are no longer profitable enough to justify their ongoing usage. Experts predict that Flasko and other new cryptocurrencies will quickly become market leaders.
Sandbox (SAND) Seems To Be Experiencing A Downfall
In the wake of the recent crypto meltdown, the value of the cryptocurrency used in 2D gaming real estate has been consistently pulled down by the uncertain present macroeconomic situation.
Experts in the crypto industry anticipated that Sandbox (SAND) would fall another 60.00% by the end of the year due to the protracted economic slowdown caused by the continuous conflict in many areas of the globe and the disruptions induced by the never-ending coronavirus outbreak.
This estimate was a big turn-off for Sandbox (SAND) investors and led Sandbox (SAND) investors to show interest in Flasko by selling their Sandbox (SAND) coins.
Algorand (ALGO) Suffers From A Bad Investment
In its most recent release, the Algorand (ALGO) Foundation disclosed its exposure to the Hodlnaut, a cryptocurrency lending platform that suspended withdrawals in early August. The blockchain organization has put $35 million into the Singaporean hub as part of its overall strategy of global growth. Algorand (ALGO) may have a rough few months ahead, say, analysts, since market opinion is still mostly negative.
Forecasts indicate the currency dropping to immediate support at $0.22, with more declines likely should this support level fail. Next week, it may probably retest the low it hit in August. While Algorand (ALGO) may have some hope in late 2023, Sandbox (SAND) and Algorand (ALGO) investors are jumping on the Flasko bandwagon.
Flasko (FLSK) Has A Successful Presale Launch
The cryptocurrency industry’s future lies in innovating alternative investment ventures. Flasko will provide it to the globe with its platform supporting the booming $1.4 trillion-worth rare wines, champagnes, and whiskeys asset class. Flasko is an under-construction protocol to incorporate NFT technology into this highly lucrative physical asset-backed NFT investment platform.
Investors in the presale may purchase Flasko tokens for only $0.125 each, and in exchange, they will get early access to amazing discounts on newly released high-end drinks from Flasko partners.
More significantly, Flasko has taken substantial precautions to secure investor cash by successfully passing a comprehensive audit from Solid Proof. Further, the liquidity of Flasko tokens is locked for 33 years, and the tokens belonging to the Flasko team are frozen for the next two years. This ensures the platform’s dedication to security reassurance for their investors.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
