Cryptocurrencies have generated outsized returns throughout 2020 and 2021, especially for investors who bought during presale or before they took off. Two cryptocurrencies that achieved major success in terms of price and returns for presale investors included Polygon (MATIC) and Polkadot (DOT). However, their happy days are over in 2022, as the favorable financial conditions that helped them flourish have come to a screeching halt.
Worse, many crypto investors worsened the downturn by being over-leveraged and caught out by the tide when crypto prices took a nosedive, triggering sell-offs and bankruptcies that further tanked prices. As the dust settles and the leverage unwinds, we believe three cryptos are in line for a major boost in 2023: Polygon (MATIC), Polkadot (DOT), and Flasko.
Polygon (MATIC) Will Bounce Back Soon
Polygon (MATIC) is a layer 2 sidechain scaling solution for Ethereum (ETH). Polygon (MATIC) facilitates faster, more affordable transactions for Ethereum (ETH) users, allowing the latter to support millions of transactions per second. Besides working on supplementary scaling solutions like ZK-Rollups, Polygon (MATIC) serves as the sidechain’s native token, which has risen tremendously because of its ability to solve scalability issues on Ethereum (ETH).
Thanks to Polygon (MATIC), Ethereum developers can create robust yet scalable decentralized apps on the smart contract platform, leading to greater demand for its native token. In 2023, we predict a rebound for Polygon (MATIC), which will easily break the $1 price towards $2-3 per token in 2023.
Polkadot (DOT) Holders Are Waiting For Some Good News
Polkadot (DOT) is a smart contract platform whose native token, also called Polkadot (DOT), has brought in major profits who bought the token early before layer 1 smart contract platforms that took off after Ethereum picked up steam in 2021. Moreover, Polkadot (DOT) token prices enjoyed wider adoption in the past year as DeFi protocols ramped up on the blockchain.
Consequently, Polkadot (DOT) counts itself as one of the more popular protocols in DeFi, thanks to its native scalability and ability to handle more transactions than Ethereum (ETH) without needing layer 2 sidechains like Polygon (MATIC).
One of the advantages of Polkadot (DOT) is its security and ability to withstand security incidents such as hacks. The year 2023 might bring some good news for Polkadot (DOT) holders, but they should curb their expectations with prices.
Flasko (FLSK) Is A Secure And Safe Long-term Investment
The greatest gains in crypto are made by buying into utility and value-packed projects like Polygon (MATIC) and Polkadot (DOT) early, not by buying the dip after they have mooned.
Crypto investors have that chance with Flasko, building the first blockchain protocol for alternative investments in the trillion-dollar rare wines, whiskeys, and champagnes industry. The wine and spirits industry has delivered steadily increasing gains over the past decade thanks to their scarcity and appreciating value over time.
Flasko enables users to buy asset-backed NFTs that correspond to Flasko’s expansive catalog of rare, high-grade bottles of wines, whiskeys, and champagnes. Moreover, Flasko users can even have their holdings delivered to them at their homes by redeeming their NFTs.
Flasko enables users to protect their portfolios by investing in rare wines, which have performed better than gold as an asset class over the past decade. Flasko is fully audited by Solid Proof, and its developers have locked liquidity on the alternative investments platform for over three decades. With presale prices at $0.05, Flasko has everything going for it to make a massive run in 2023.
Source : Cryptodaily