Like the Night King that finally came, winter has been looming across the crypto market as coins crashing seems to be the order of 2022. Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which had started gathering momentum among investors, have felt the cold of the decline in the market, losing a significant percentage of their capitalization.
While it seems like a long night for meme coins, falling below the top 10 cryptocurrencies based on market capitalization, tokens like Flasko are setting a new standard. As a new alternative, innovative platform in high-end whiskey and champagnes, this new meme coin is ready to give others in its niche a good run in the market for investments.
Dogecoin (DOGE); is the buzz over?
Created initially as a joke and backed by famous billionaire Elon Musk via tweets and stating it to be a “hustle” on Saturday Night Live’s weekend segment, this coin skyrocketed beyond what it once was. However, like some other meme coins in 2022, Dogecoin (DOGE) has struggled with investor interest which has caused severe market capitalization loss.
Although low-cost coins always make a desirable investment option, this coin seems to be struggling in the bear market. Despite its fall in the market by -7.89%, it’s backed by an enthusiastic fan base, which allows it to gain more popularity. Currently, Dogecoin (DOGE) sits at $0.062 after falling from a high of $0.072, and experts expect it to decline even further within the coming days.
Shiba Inu (SHIB); swimming in a downtrend pattern
Unlike Dogecoin (DOGE), Shiba Inu (SHIB) lacks similar famous backing to help it get a triumphant return. Although the Shiba Inu (SHIB) family is focused on getting this cryptocurrency to rise, it would be fair to say the craze for this coin in 2021 just doesn’t seem to cut it in 2022 as the bear season has taken over.
Currently, this cryptocurrency is worth as low as $0.00001104 and declining by -1.25%. As it stands, Shiba Inu (SHIB) is down by 85% from an all-time high of $0.00008616 in 2021. With the current market decline, it is an unwise investment coin for investors. For meme coin lovers looking to invest in cryptocurrency with real assets, Flasko will be the next magic token to gain the upper hand in the market.
Flasko (FLSK); an exciting new project with 100× investment potential
The cold night of 2022 might have disrupted the market, but meme coin holders looking for greener investments might want to consider Flasko for their portfolios. As the first alternative investment platform, investors can invest in vintage champagnes, whiskey, and wines.
Additionally, it will work alongside luxury beverage start-ups to bring their products to market, allowing investors and users to have the opportunity to have benefits such as discounts and first-access to new products.
Flasko passed its audit with Solid Proof and its liquidity will be locked for 33 years. The price of the token is only $0.05, if you are looking to add a token with high potential for growth to your portfolio during this bear market, we suggest you check out Flasko.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
Disclaimer
Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
Source: https://www.thecoinrepublic.com/2022/10/11/dogecoin-doge-and-shiba-inu-shib-steadily-decline-while-flasko-flsk-ready-for-meteoric-run/