Thorchain (RUNE) and Avalanche (AVAX) are gaining steam as the broader cryptocurrency market surges. Bitcoin (BTC) is trading above $20,700, while Ethereum (ETH) has pumped above $1,500. The cryptocurrency market remains relatively strong as Bitcoin (BTC) becomes highly correlated to the financial markets.
Several cryptocurrencies have soared, while some are yet to take off. Thorchain (RUNE) and Avalanche (AVAX) are flashing a good buying opportunity. That is not all. The market is ready for new projects with potential.
This is where investors should seize the opportunity and buy Flasko, an innovative alternative investment platform that allows users to invest in luxury wines, whiskeys, and champagnes.
The Cryptocurrency Market is Pumping
Cryptocurrencies do not pump in the same measure. Bitcoin and Ethereum are pumping, while other altcoins have registered mixed moves.
The broader financial markets are pumping. Despite the pump, the cryptocurrency market cap remains below the $1 trillion mark as it sits at $996 billion.
There has been a general expectation that the markets would rally ahead of the U.S. midterm elections. As cryptocurrencies gain steam, this could be the perfect time to buy Thorchain and Avalanche.
Is it the Right Time to Buy Thorchain (RUNE)?
Thorchain (RUNE) is a liquidity protocol that allows you to exchange crypto assets without losing full access to those assets in question.
Thorchain (RUNE) is trying to emulate Bitcoin (BTC) because it has no CEO or executive leader. Thorchain’s development is coordinated on Gitlab to enhance decentralization. Thorchain (RUNE) is the native currency of Thorchain’s ecosystem.
Thorchain (RUNE) is known for its explosive moves in both directions. Thorchain (RUNE) reached a high of $21 in May 2021 and is currently down 92% ($1.52) from its peak.
Thorchain (RUNE) hasn’t made any major moves in the past couple of weeks, and this could signal that the cryptocurrency is reaching the bottom of this cycle. This could be the best chance for investors to start accumulating Thorchain (RUNE), as it could start moving to the upside.
The market currently has some momentum, and Thorchain (RUNE) might benefit from the bullish sentiment.
Avalanche (AVAX) is on the Move
Avalanche (AVAX) is a blockchain protocol that provides low fees and high throughput to users. Avalanche has three distinct chains that play a crucial role in the overall working of the platform.
The three chains are Exchange Chain (X-Chain), Contract Chain (C-Chain), and platform Chain (P-Chain). Avalanche (AVAX) is the native token of Avalanche, a layer-1 blockchain that has also become an important part of decentralized finance (DeFi).
Avalanche’s competitors include Ethereum and Solana. Avalanche (AVAX) native currency, AVAX, is gaining steam as its price breaks above $17. However, it is still 88% down from its peak of $146 in November 2021.
Avalanche (AVAX) has the potential to go higher because it is an important layer-1 blockchain. There is a possibility that lots of capital will be allocated to Avalanche (AVAX) soon.
Flasko (FLSK) is Gaining Steam
Flasko understands its edge in the market and wants to capitalize on it by giving investors peace of mind. Flasko has locked its liquidity for 33 years. This is a long-time sign that Flasko is here to stay.
Flasko’s native token, FLSK, is being offered to the public via a presale. A total of 1 billion FLSK will be issued. 35% of Flasko’s token supply is reserved for investors during the presale, and the rest is for marketing, exchange listings, partnerships, charity, and liquidity, among others.
Flasko is gaining steam as investors slowly understand the project’s value proposition. This will lead to many of them buying the Flasko token at a very low price. As the market is set to turn for the better, Flasko’s value is expected to skyrocket when the token starts trading on the open market.
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.
