Flasko, a new protocol with a unique aim, has taken the crypto world by storm, while older tokens like Binance Coin (BNB) and Litecoin (LTC) have been recording bloody charts and negative price action. If you’re wondering why a new token still on presale could outperform two influential cryptocurrency tokens in the ecosystem, keep reading.
Binance Coin (BNB): Investors have been unstaking
The Binance Coin (BNB) is the utility token that is used to carry out operations on the Binance Smart Chain. Holders of the token can choose to stake it on Binance to earn more Binance Coin (BNB), making it an easy way to earn passive income.
The Binance Coin (BNB) is currently down about 59% from its all-time high and even though the Binance Coin (BNB) has a valid use case, investors worry that there may not be room for any real pump as the bear market has shown no signs of letting up. Some who fear an acute dip have been unstaking their Binance Coin (BNB), so they can easily move their funds should the need arise.
Litecoin (LTC): Down 85% from all-time high
Litecoin (LTC) was created to solve the problems of slow and costly transactions. Litecoin (LTC) was designed around the time when miners wanted a less expensive platform to work on, and because it was needed, the Litecoin (LTC) token had a great run.
Upon its launch, Litecoin (LTC) was worth $3, but it quickly grew, and by 2020 it had gained 140% of its value. By the end of 2021, Litecoin (LTC) was worth around $146 however, thanks to the crypto winter, the price has fallen to $61 and doesn’t look set to run up anytime soon.
Flasko (FLSK): A new protocol with a big future
Flasko, a token currently worth $0.025 in its presale, has been on many people’s minds for a lot of reasons. The Flasko protocol aims to be the first to merge alternative investments with cryptocurrencies, by allowing its users to invest in rare whiskeys, wines, and champagnes that are known to appreciate in value. Not only that, but users will be able to purchase these investments in their entirety and Flasko will deliver it to the buyer’s destination free of charge.
Flasko has completed a full audit with Solid Proof and has already risen from $0.015 to $0.025 with further price increases on the horizon. The team has also stated that liquidity will be locked for 33 years, which is a great move to give investors confidence during these uncertain market conditions.
It is definitely worth checking out this exciting protocol!