In a world where social, political, and economic instability is rife, the best way to hedge is to make more money and profitable trades. Established layer 1 smart contract platforms Ethereum (ETH) and Solana (SOL) have given their early investors tons of profit – but what about those who bought their bags before the crypto market crashed in flames? For sure, their portfolios have been bleeding out agonizingly as the market continues its slide.
Although Ethereum (ETH) and Solana (SOL) token prices may very well recover in the coming months, one contender is tipped by crypto experts to do well and outperform both even in this bear market: alternative investment platform Flasko, which enables investors to buy into the trillion-dollar luxury wines and spirits sector.
Ethereum (ETH): “Merge” bullishness fading?
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, second only to Bitcoin (BTC) – which has since grown to become the most utilized blockchain and smart contract platform in the world. Ethereum (ETH) is home to a vast ecosystem supporting DeFi, NFTs, DAOs, and a variety of other projects, spawning a bunch of imitators like Solana (SOL), Cardano (ADA), and Avalanche (AVAX), to name a few.
However, despite the long-awaited Ethereum (ETH) Merge towards a proof-of-stake consensus mechanism, prices have slipped despite a successful transition. While the recent hype behind Ethereum (ETH) has died down, there still might be hope for a recovery in the near future.
Solana (SOL): Ethereum (ETH) competitor stuck at $32
Smart contract platform Solana (SOL) emerged as one of the main competitors of Ethereum (ETH) that experienced an epic run in price, memorably surging all the way to $260 per Solana (SOL) token in 2021. However, since then, Solana (SOL) has lost almost 90% of its value, burning many Solana (SOL) investors who bought in above its current trading price of $32.
Despite Solana (SOL) boasting fast speeds, low gas fees, energy efficiency, and a vibrant ecosystem, Solana (SOL) has failed to recapture investor interest. This may be due to the host of outages, hacks, and security incidents the Solana (SOL) blockchain has experienced, dissuading investors from buying the Solana (SOL) dip.
Flasko: massive run expected by 2023
The rare wines and spirits industry constantly increases in value and is set to grow to a $23.21 trillion industry by 2026, leading investors to explore investment opportunities in space. Hot newcomer Flasko is offering just that – an investment platform with which to invest in the lucrative market. Flasko is launching an alternative investment protocol for the rare wines industry. And given the demand, all signs point to Flasko outperforming Ethereum (ETH) and Solana (SOL) in the coming years.
Flasko launched its presale at $0.015 and is now sitting at $0.04 per Flasko token. But crypto experts are foreseeing a big price run to the $3-$3.50 range by May 2023. The profit potential with Flasko is therefore significantly higher than Ethereum (ETH) and Solana (SOL) in the next year. With a smart contract audited by Solid Proof and platform liquidity locked for over three decades, Flasko is definitely a crypto to watch in 2022. Get in early and participate in the Flasko presale right now, as it has the potential to be an amazing investment opportunity.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
Credit: Source link