The Sandbox (SAND) and Axie Infinity (AXS) Are Losing Big, While Flasko (FLSK) Is To Go Parabolic in 2023

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There’s no question that 2022 has been rough for every sort of investor––but perhaps none more than long-suffering crypto holders. From the Terra collapse to the Celsius debacle and the sensational FTX meltdown, the crypto world is currently in complete and total disarray, with over $2 trillion in market capitalization obliterated seemingly within a matter of months.

Metaverse tokens like Axie Infinity (AXS) and The Sandbox (SAND) were once witnessing record-high returns at the peak of speculation in late 2021 but have since gone on extended slumps. It’s understandable why some of The Sandbox (SAND) and Axie Infinity (AXS) holders are ditching their holdings in favor of hot presale tokens like Flasko.

The Sandbox (SAND) Continues Losing Run

The Sandbox (SAND) is an example of a metaverse token that caught the fancy of many investors during the height of unbridled speculation, leading to The Sandbox (SAND) tokens hitting all-time highs of $8.40 in November 2021.

However, fast forward to 2022, and The Sandbox (SAND) has lost almost 95% of its value since. It indicated a serious lack of long-term viability for the protocol. First, The Sandbox (SAND) is too complex for most regular internet users. Next, there is no incentive for The Sandbox (SAND) users to log on and spend time on the platform. Lastly, The Sandbox (SAND) has no business model other than selling exorbitantly-priced memberships or items with no tangible use other than speculation.

Axie Infinity (AXS) Sputters Out

Axie Infinity (AXS) used to be one of the most successful play-to-earn blockchain NFT games, but every bit of momentum it once had has long gone. Axie Infinity (AXS) used to be valued at a massive $9.8 billion at its peak, but it’s now just worth a measly $780 million as of this writing. The $620 million hack of Axie Infinity (AXS) in February 2022 was yet another massive setback that it hasn’t recovered.

But beyond the exploitative nature of its gaming ecosystem designed to take advantage of individuals of a lower economic standing, perhaps the final nail in the coffin for Axie Infinity (AXS) is that players have moved on. No one is playing Axie Infinity (AXS) as a serious way to profit in 2022 anymore.

Flasko (FLSK) Forecasted to Do a 50x Parabolic Run in 2023

Flasko, purveyors of the first alternative investment platform enabling users to invest and trade NFTs backed by physical bottles of rare, investment-grade whiskeys, champagnes, and wines, is winding down its resoundingly successful presale after over 10,000 individuals signified their intention to participate in it.

And why not? At this point, the biggest profits to be made in the crypto market are by investing in ICOs or presales in protocols like Flasko that tick all the boxes of a successful project.

Investing in Flasko allows users to take advantage of the stability and profitability that luxury wines offer. These assets have performed better than traditional equities and are unaffected by market volatility.

Best of all, Flasko investors get discounted presale rates of $0.111 per token. That’s a great deal, considering experts predict Flasko to hit $5 by 2023, or a 50x increase, in 2023. That’s when Flasko is expected to list on exchanges like Uniswap.

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Chris Munch

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.