Axie Infinity And Decentraland Continue Slump, While Flasko Presale Gains Amid Massive Interest

The post Axie Infinity And Decentraland Continue Slump, While Flasko Presale Gains Amid Massive Interest appeared first on Coinpedia Fintech News

2022 is coming to an end, but the crypto market downturn is showing no signs of letting up. Nowhere is this more evident than the complete and total beating that metaverse tokens like Axie Infinity (AXS) and Decentraland (MANA) and their investors took the entire year.  

The succeeding bankruptcies that affected the market’s most prominent names due to misfeasance, hubris, and fraud didn’t help, as the collapses of Terra, BlockFi, FTX, and Alameda have tanked the entire market.

Nevertheless, there are still plenty of diamonds in the crypto industry if you search hard enough, and we found one in Flasko. Let’s see why Flasko might be the sleeper pick of the year.

Is Axie Infinity (AXS) Finished?

Axie Infinity (AXS) impressed investors and players alike as it rose to all-time highs in 2021 as the hype surrounding metaverse and play-to-earn gaming reached a fever pitch. At its peak in November 2021, Axie Infinity (AXS) was once worth $165 per token. Since then, however, Axie Infinity (AXS) has lost almost all its value due to bearish market conditions, careening to 96% below its ATH values at $6.80 as of this writing.

Axie Infinity (AXS) has since failed to recapture its past glories. Even worse, Axie Infinity (AXS) player numbers have dwindled to a mere trickle, sealing its fate. No one is playing Axie Infinity (AXS) anymore. Axie Infinity (AXS) investors, perhaps it’s time to move on.

Decentraland (MANA) Isn’t Faring Any Better

Decentraland (MANA) was another one of the crops of metaverse tokens that mooned in 2021 amid unbridled speculation about the concept. However, fast forward to December 2022, and it’s evident that there is no sustainable interest in the metaverse anymore. And that has tanked Decentraland (MANA) prices 94% from its ATH levels, with Decentraland (MANA) token prices sitting at $0.33. 

It’s safe to say that Decentraland (MANA) will struggle in the coming years, considering the general disinterest in the metaverse. That’s not to mention the stiff competition Decentraland (MANA) faces.

Flasko (FLSK) Presale Interest Peaking As It Draws to a Close

The most hotly-anticipated presale event of 2022 is drawing to a close amid record interest from over 10,000 investors. Flasko is building a novel alternative investment platform that combines non-fungible technology and the insanely lucrative luxury wines, whiskeys, and champagne asset class.

After all, the latter has proven to be a better investment than commodities and financial products because of their inherent scarcity and improving quality over time.

Flasko achieves this by allowing users to invest in the highest-grade premium whiskeys, wines, and champagnes represented by NFTs, which they can hold, trade, or redeem as they see fit. Holding them allows them to benefit from the asset’s increasing prices. Trading them allows them to profit while redeeming them allows them to enjoy the wines they purchase and have their physical bottles sent to them.

With this value proposition and utility, it’s no surprise that analysts expect Flasko to do a 5,000% increase to its current $0.125 presale value or around $5.55 per Flasko token by 2023.

Presale Flasko investors have bought themselves a gem that is fully audited by Solid Proof and has locked platform liquidity for over three decades. This ensures the safety of Flasko as an investment that’s ready to do a parabolic run in 2023.