With the market winter of 2022, cryptocurrencies which started with good prospects this year, might not make it in the long term. This includes KuCoin Token (KCS) and Tron (TRX), and other cryptos. Both cryptos have had a reasonable prospect thus far, but this has not prevented them from dipping during this bear market.
The success of a cryptocurrency is usually based on different factors. Its usefulness and weight in the community count as one of the reasons investors usually flock to a particular cryptocurrency. Cryptos like Flasko have drawn many investors with a presale that started in less than a month, making it a worthy investment for 2023.
KuCoin Token (KCS) Is Sinking Further Down
The KuCoin ecosystem is governed by a token called the KuCoin Token (KCS). KuCoin Token (KCS) is used to settle transactions inside the crypto exchange platform, which has several trading pairs. With the popularity of the KuCoin trading platform, investors flocked to the native digital coin, KuCoin Token (KCS).
KuCoin Token (KCS), in 2021, was quite successful, with several price records. But, the bearish market of 2022 has left this token struggling, and the coin has seen a drop of about 66% since its last all-time high (ATH) in December 2021. At the time of writing, KuCoin Token (KCS) had dropped 8.62% in the previous 30 days and 17.38% in the last 60 days, as seen in data from Binance. As a result, analysts can’t substantiate the possibility of KuCoin Token (KCS) being a worthy investment in 2023.
Tron (TRX) Is On A Steady Declining Rate
Tron (TRX) is an open-source cryptocurrency operating system with several decentralized financial (DeFi) abilities. At its inception around five years back, Tron (TRX) got its peak at $0.3. However, Tron (TRX) has been on a steady decline rate. Even with Tron (TRX) being well-known, it has become less valuable and unable to break any price record.
Even with its entire value fully developed, the coin has still been unable to break past $0.01. Though some describe Tron (TRX) as a slow process, with the possibility of an uptrend, many investors think Tron (TRX) might not be a suitable investment.
Flasko (FLSK) Is An Alternative Investment Backed By Utility
Flasko currently has its presale ongoing and is an investment platform giving investors the rare opportunity to invest in luxury and rare wines, vintage, champagne, and whiskeys. Early investors can purchase fractionalized NFTs backed by rare vintage and luxury wines, champagnes, and whiskeys.
Additionally, these purchased investments can be delivered to their homes. Therefore, irrespective of the current bearish market, investors and analysts believe Flasko will be a worthy investment for 2023. This is because the coin’s liquidity will be locked for 33 years apart from having passed an audit by Solid Proof.
Investors have paid attention to Flasko, and some analysts predict it could rise to about $3 by early 2023. Since its presale price is only $0.05 and is expected to snowball soon, Flasko could be a worthy investment for 2023. This is an excellent investment that you should check out below.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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