The 202 bear market is creating a major impact on some of the most prominent cryptocurrencies out there. Polygon (MATIC) and Cardano (ADA), two successful cryptocurrencies back in the day, are now struggling. Investors are not interested in investing their money in such fading cryptocurrencies. Instead, they prefer to shift their focus to up-and-coming cryptocurrencies such as Flasko.
Cardano (ADA) Hard Fork To Happen Soon
Cardano (ADA) emerged as an Ethereum killer. Cardano (ADA) is currently the 8th largest cryptocurrency that you can find out there.
Even though Cardano (ADA) once reached $3.10, its current trading price is just $.045. This clearly shows that the value of Cardano (ADA) has dropped significantly. We cannot expect things to improve in the future because the Cardano (ADA) hard fork is about to happen. When this happens, the interest in Cardano (ADA) will further drop.
Polygon (MATIC) To Lose Value After Ethereum Merge
Polygon (MATIC) was an innovative project that allowed the users of Ethereum (ETH) to take maximum advantage of low gas fees, faster transaction speeds, and better scalability.
Some cryptocurrency experts believe that the value of Polygon (MATIC) will increase when it merges with Ethereum. However, it didn’t happen. Even though the all-time high of Polygon (MATIC) was $2.92, Polygon (MATIC) is currently being traded under $0.75. This is a massive drop of around 75%.
Flasko (FLSK) Will Gain Momentum
Even though most well-known cryptocurrencies, like Polygon (MATIC) and Cardano (ADA), are going on a downward trend, cryptocurrencies such as Flasko are gaining a lot of attention.
Flasko is an excellent alternative investment that you can consider as of now because it will allow users to invest in NFTs backed by high-end, rare, and luxury wines, champagnes, and whiskeys.
As of now, Flasko presale price is at $0.05. According to crypto experts, this value is expected to increase massively in the next few months.
We recommend checking out Flasko now if you want a secure long-term investment.
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