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Chainlink (LINK) and Binance Coin (BNB) Struggle, While Flasko (FLSK) Shows Promise

Written By : IndustryTrends

Numerous kinds of cryptocurrencies backed by various products appear on the crypto market. Some become a hit even though they are backed by something irrelevant as a meme, but their fame is short-lived as the world favors practicality. Flasko is an upcoming NFT platform that provides crypto and NFT investments backed by physical assets.

In this bleak economic climate, when cryptos like Chainlink (LINK) and Binance Coin (BNB) struggle to stay afloat, Flasko stands out as one of the few that seems promising to grow exponentially in 2023.

Chainlink (LINK) Has Been Having Trouble After The Ethereum Merger

As the much-anticipated Merge from Proof of Work (PoW) to Proof of Stake (PoS) approaches, Chainlink (LINK) has announced that it would no longer allow forked versions of the Ethereum blockchain. The Merge will not affect the accessibility of the Chainlink (LINK) protocol or its services. This has completely backfired on Chainlink (LINK) as after the Merge, Chainlink (LINK) dropped drastically as investors started to relocate their investments from the Chainlink (LINK) network. Currently, Chainlink (LINK) is priced at $7.0770, which is extremely low.

Binance Coin (BNB) Hasn't Peaked In A Long Time

Since August 21, Binance Coin (BNB) prices have been quite stable, hovering between $260 and $306 on a daily basis. After reaching the $300 psychological barrier and failing to break and start a new trend, prices have been trading fiercely in a negative direction for the previous three trading sessions. As a result of the negative trend, the value of Binance Coin (BNB) dropped by over 8%. Binance Coin (BNB) investors are becoming irritated now due to the constant downward trend of Binance Coin (BNB), this is why they are dumping Binance Coin (BNB) for the upcoming NFT platform Flasko.

The Future Is Bright For Flasko (FLSK)

Flasko is a new cryptocurrency platform that will allow users to buy, sell, and invest in limited-edition bottles of premium bottles of whiskeys, wines, and champagnes. Since many cryptocurrency investors believe that the value of Flasko tokens will increase by 4,500% by early 2023, they have begun actively participating in the presale.

The timing is perfect for investing in Flasko now that the second phase of the presale has begun, and the price has steadily increased since then. Exploring the new Flasko platform is a no-brainer since getting in on the presale when the token is priced at only $0.065 will yield a handsome return in the near future.

Check out the links below to stay up to date with the Flasko presale:

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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