Investors sell currencies that performed well in the past when the bear market strikes. Shiba Inu (SHIB) and The Sandbox (SAND) are prime examples of this rule.
Most investors have given up on their stakes in these coins in favor of better investment substitutes like Flasko, causing a large flight of wealth from these Metaverse assets.
Shiba Inu (SHIB) Faces Trouble Down The Road
From its very launch alongside Dogecoin (DOGE) on the crypto market, the Shiba Inu (SHIB) joke currency has attracted many eyes.
Even if it had no value or meaningful uses, people bought it because of the hype. The hype even helped Shiba Inu (SHIB) take its spot among the top 15 cryptocurrencies. But, Shiba Inu (SHIB) failed to sustain its success over time.
Shiba Inu (SHIB) is currently worth $0.00001041, which is 68.70% below the all-time high of $0.000032. Shiba Inu (SHIB) coins are no longer attractive to investors; they now choose to put their money into fresher, more profitable projects like Flasko.
The Sandbox (SAND) Still Not Considered Profitable
Trailing just to Decentraland (MANA), a massive success in the Metaverse, The Sandbox (SAND) is one of the most prominent initiatives. The Sandbox (SAND) created a blockchain-based digital space in which users may manage individual avatars, trade objects of dependable value, and communicate via SAND, the native currency of the network.
The Sandbox (SAND) received the publicity required to succeed because well-known celebrities like Snoop Dogg supported it. But stars could only help keep The Sandbox (SAND) in the spotlight for a short time.
The Sandbox (SAND) has recently been somewhat idle. At the time of this posting, it has a price of $0.77, a staggering 91% fall from its peak.
Top Analysts Predict Flasko (FLSK) Will Outperform SAND And SHIB
Millions of Flasko tokens have been sold since its September presale debut, demonstrating the enormous demand for this new project. Flasko has a distinct advantage over The Sandbox (SAND) and Shiba Inu (SHIB), coins with no real-world use cases.
That advantage is that NFTs on the Flasko platform are all backed by premium champagne, whiskeys, and wines. Thus, they are not your typical NFTs without any inherent value and practical applications; instead, by holding a Flasko NFT, you will generate profits in the future.
Flasko will create a unique alternative investment platform where users can fractionally purchase these NFTs. Users can choose to buy a percentage or the entire NFT, and Flasko will help bring the bottle backing the token to the investors’ chosen location.
Furthermore, high-end beverage enterprises that are in their beginning stage or already established will be able to promote their items on the Flasko launchpad. At the same time, early investors will get discounts and first dibs on these items.
We feel this is an excellent chance to invest in a future blue-chip cryptocurrency at only $0.065. More price hikes will happen soon, and some crypto experts predict Flasko will reach $3 by March 2023.