Dogecoin (DOGE) and Shiba Inu (SHIB) have recently seen a market cap decline of more than 50%. Many investors have departed from Dogecoin (DOGE) and Shiba Inu (SHIB) in search of superior substitutes that provide practical utility and real use cases. Despite being a recent entrant to the market, Flasko (FLSK) has already made a name for itself as a shining example of a cryptocurrency and a genuine rival to more established ones. Due to Flasko’s (FLSK) distinct trust-based and practical utility, investors worldwide have been placing their trust in it with predictions that it will rise over 4,000% before the end of this year.
Dogecoin (DOGE) still king of the meme coins but for how long
Since June 2021, Dogecoin (DOGE) has been tumbling inside of a declining wedge. Since the wedge is a bullish pattern, a breakout from it would probably occur in the future. The wedge’s support line (green icons) and resistance line (red icons) have been repeatedly proven. On August 16, the price most recently validated the resistance line, and it has been falling ever since. The likelihood that the price will fall is supported by a closer examination of Dogecoin’s (DOGE) movement.
Additionally, Dogecoin (DOGE) is currently trading in the lower part of an ascending parallel channel, which frequently has corrective swings. The channel’s strength is increased because the previously mentioned $0.075 resistance area lies in its center.
Shiba Inu (SHIB) sees holders sell and buy into Flasko
Since June 18, Shiba Inu (SHIB) has also increased inside an ascending parallel channel. In contrast to DOGE, Shiba Inu (SHIB) has succeeded in breaking out above its own resistance at $0.0000125 and validating it as support. Shiba Inu (SHIB) is currently trying to cross the center of its rising parallel channel. The next resistance, which also falls on the channel’s resistance line, would be at $0.0000175 if Shiba Inu (SHIB) is successful.
Therefore, the direction of the future trend will probably depend on whether Shiba Inu (SHIB) breaks out or down from the track. Shiba Inu (SHIB) investors have been buying into the newly released Flasko (FLSK) presale which launched just days ago. A price increase seems very likely in the coming days.
Flasko (FLSK) predicted to be the best investment of 2022
Investors will now have a marketplace to buy and invest in NFTs of pricey, rare, exclusive and vintage champagne, wine, and whiskeys thanks to the recently established alternative cryptocurrency Flasko (FLSK). The first round of Flasko’s presale is currently underway, and the company has the potential to deliver returns more significant than Dogecoin (DOGE) or Shiba Inu (SHIB) did with its real use cases. The investment portfolio Flasko (FLSK) has a high level of liquidity. Additionally, investors are paying more attention to the presale gem Flasko (FLSK) than Dogecoin (DOGE) and Shiba Inu (SHIB).
Launching and promoting their premium wine, whiskey, and champagne product collections on the Flasko (FLSK) marketplace might help startups gain support. The presale has already started at a price of $0.015. Liquidity will be locked for 33 years, the smart contract has passed its audit and the team will be unable to sell any tokens for the first two years. All of this points towards a safe investment for holders. Fans of expensive alcoholic beverages are racing to purchase Flasko (FLSK) tokens. Flasko (FLSK), a cryptocurrency, is anticipated to rank in the top 20 in 2023. It makes Flasko (FLSK) a wise investment choice if you are looking for crypto with excellent growth potential in the future.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
