The long-term growth of the cryptocurrency industry has reached a new low following the most recent decline in the market.
Some people could wager on the market’s unpopular and lowest-ranked coins. Others who choose familiarity could put their faith in well-known initiatives like Ripple (XRP) and Solana (SOL).
Both Solana (SOL) and Ripple (XRP) have had some notable price increases during their existence.
However, investors in these tokens believe that the new cryptocurrency project Flasko (FLSK), which has already produced 100% profits for its presale investors, has greater promise. Analysts anticipate additional considerable price increases.
Solana (SOL): Recent drop in price disturbs investors
One of the vital public blockchains for decentralized apps (dApps) and marketplaces is Solana (SOL), which has a transaction rate of over 35,000 transactions per second. Innovative technologies are used by Solana (SOL), a fourth-generation platform that is one of a kind, to solve the scalability problem.
Solana (SOL) is currently ranked #9 among the biggest cryptocurrencies by market capitalization. But, this past week, Solana lost the most money, falling more than 5%. It is now trading at $34.44, down 86% from its all-time high of $260.
Ripple (XRP): Legal troubles have diminished it
Prior to a few years ago, Ethereum (ETH) and Bitcoin (BTC) were the two most well-known currencies, with Ripple (XRP) coming in third. Ripple (XRP) achieved an all-time high of $3.55 during the 2017 bull run.
Right now, Ripple (XRP) is valued at roughly 47 cents. Like many other currencies, its current value is well below its high. The ongoing SEC lawsuit, which started in December 2020, continues to cast a shadow on the project. Nobody can predict how damaging this will be for Ripple.
Investors are searching for other opportunities because there aren’t any other factors pushing prices higher. Flasko (FLSK) has arrived in a trying bear market to give investors hope.
Flasko (FLSK): Expected to be a diamond in the rough
Flasko is the platform for you if you’re a connoisseur who likes to collect or invest in alternative assets like vintage, rare, and luxury alcoholic drinks (whiskey, wines, and champagne). Users of cryptocurrencies will be able to invest through Flasko in the expanding $13.4 trillion alternative investment market.
Flasko’s concept is a remarkable invention because vintage alcoholic beverages are known to rise in value over time, making them incredibly profitable investments. In addition, Flasko will leverage its launchpad to sign up new and existing beverage firms while giving its customers, stakeholders, and investors first access and discounts.
It’s a fantastic chance to get in early because the Flasko presale just started and the price has been rising ever since. We are optimistic that the price will rise from its present $0.04 value. According to experts, the pricing is an excellent entry point for the Flasko project, and by 2023, it may reach $1.90 to $2.10. This new, innovative and unique platform is definitely worth looking at because investing early will likely result in a significant return.
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Source: https://www.thecoinrepublic.com/2022/09/29/solana-sol-and-ripple-xrp-might-sink-newcomer-flasko-flsk-will-rise-in-2023/