In a world where social, political, and economic instability abounds, the best way to protect yourself 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 profits, but what about those who bought their bags before the crypto market went down in flames? No doubt their portfolios have been bleeding to death as the market continues its slide.
Although Ethereum (ETH) and Solana (SOL) token prices may recover nicely in the coming months, crypto experts suggest that one competitor will do well and outperform both even in this bear market: investment platform Flasko alternative, which allows investors to buy into the multibillion-dollar luxury wine and spirits sector.
Ethereum (ETH): Is “Merge” Optimism Fading?
Ethereum (ETH) is the second largest cryptocurrency by market cap, second only to Bitcoin (BTC), which has since grown to become the most widely used blockchain and smart contract platform in the world. Ethereum (ETH) is home to a vast ecosystem that supports DeFi, NFTs, DAOs, and a variety of other projects, spawning plenty of imitators like Solana (SOL), Cardano (ADA), and Avalanche (AVAX), to name a few. .
However, despite the long-awaited merger of Ethereum (ETH) into a proof-of-stake consensus mechanism, prices have dipped despite a successful transition. While the recent hype behind Ethereum (ETH) has died down, there may still be hope for a recovery in the near future.
Solana (SOL) – Ethereum (ETH) competitor stuck at $32
The Solana (SOL) smart contract platform emerged as one of the major competitors to Ethereum (ETH) experiencing an epic price surge, memorably rising to as high as $260 per Solana (SOL) token in 2021. However, since then , Solana (SOL) has lost nearly 90% of its value, burning out many Solana (SOL) investors who bought above its current trading price of $32.
Despite Solana (SOL) boasting fast speeds, low gas rates, energy efficiency and a vibrant ecosystem, Solana (SOL) has failed to win back investor interest. This may be due to the high number of outages, attacks, and security incidents that the Solana (SOL) blockchain has experienced, deterring investors from buying the Solana (SOL) crash.
Flasko: a massive race is expected by 2023
The rare wine and spirits industry is steadily increasing in value and is expected to grow to a $23.21 trillion industry by 2026, leading investors to explore investment opportunities in the space. Newcomer Flasko offers just that: an investment platform with which to invest in the lucrative market. Flasko is launching an alternative investment protocol for the rare wine 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 at $0.04 per Flasko token. But crypto experts foresee a big price rise to the $3-$3.50 range by May 2023. Therefore, the profit potential with Flasko is significantly higher than that of Ethereum (ETH) and Solana (SOL) in next year. With a Solid Proof audited smart contract and platform liquidity locked for over three decades, Flasko is definitely a cryptocurrency to watch in 2022. Get in early and take part in the Flasko presale right now as it has the potential to be an incredible investment opportunity. .
Disclaimer: This is a press release post. Coinpedia does not endorse and is not responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any action related to the company.
Was this writing useful?
This post Flasko (FLSK) outperforms established L1 platforms Ethereum (ETH) and Solana (SOL)
was published first on https://coinpedia.org/press-release/flasko-flsk-outperforming-established-l1-platforms-ethereum-eth-and-solana-sol/