• Avalanche (AVAX) and Cardano (ADA) are facing extended slumps, while Flasko (FLSK) presale phase two is surging.
• Avalanche (AVAX) bears failed to protect $11 support levels from a market sell-off, causing the token’s market capitalization to see significant outflows to other more promising protocols.
• Despite positive sentiment surrounding its partnerships with e-commerce giant Alibaba, Avalanche (AVAX) prices have failed to take off, remaining almost 93% below all-time high levels.
Investors in the cryptocurrency market have shifted focus away from established cryptos like Avalanche (AVAX) and Cardano (ADA) in favor of tokens with real-world utility and growth potential. The recent slump in prices of Avalanche (AVAX) and Cardano (ADA) is a testament to this trend, while the second phase of the Flasko (FLSK) presale is seeing more and more attention.
Avalanche (AVAX) tokens have been on a bearish trend all year, recently falling under $11 support levels as the market sell-off caused an overall decrease in buyer momentum. The FTX collapse didn’t do Avalanche (AVAX) any favors, as the token’s market capitalization faced significant outflows to other more promising protocols like Flasko. Despite positive sentiment surrounding its partnerships with e-commerce giant Alibaba, Avalanche (AVAX) prices have failed to take off, remaining almost 93% below all-time high levels.
On the other hand, Cardano (ADA) has been seeing a resurgence of late, with prices almost doubling since the start of the year. However, Cardano (ADA)’s market capitalization still remains far away from its all-time highs, indicating that investors are still not convinced of Cardano (ADA)’s potential as a long-term investment.
In contrast, Flasko (FLSK) is seeing increased attention from investors thanks to its real-world utility and growth potential. Flasko is an alternative investments protocol which is currently in the second phase of its presale. The protocol offers the same, if not better returns, as Avalanche (AVAX) and Cardano (ADA) did for its early investors.
With the demand for Flasko (FLSK) tokens increasing, the second phase of its presale is seeing more and more attention from investors. This is a testament to the fact that investors are now looking for tokens with real-world utility and serious growth potential, rather than simply buying the dip on established cryptos like Avalanche (AVAX) and Cardano (ADA).
