Despite the so-called crypto winter, digital currencies are seeing the most funds pouring in compared to other financial markets. Adoption and curiosity in this niche continue to rise. Interest in making money from crypto has also been gaining major attention.
Investors the world over are looking for the next project that can yield 10X gains or more. Given the sheer number of available coins, investors have flocked to familiar names like Dogecoin (DOGE) and Polkadot (DOT), and understandably so.
Dogecoin and Polkadot are tried-and-tested and popular projects. But can they move significantly upwards as 2022 draws to its final months? One solid project poised to shoot past both is Flasko.
Dogecoin (DOGE) – series of updates have failed to benefit the former dog meme king
In 2021, Dogecoin (DOGE) became the dark horse of cryptocurrencies. Unfortunately, after reaching an all-time high of 76 cents in May of that year, the hype for the Shiba Inu-inspired meme token died down.
Dogecoin (DOGE) has been trending around its current price of $0.059, this represents a decline of 90% since the peak. Experts attribute many reasons to this depreciation.
As with many meme coins, Dogecoin (DOGE) price often moves according to media attention rather than new infrastructure advancements. Also, the number of holders has dropped significantly, with many whales selling their holdings of the inflationary token.
Dogecoin (DOGE) can increase again in the next few months, but a significant push looks unlikely.
Polkadot (DOT) – not performing well as VCs dump
Closely behind Dogecoin (DOGE) in market cap rankings is Polkadot (DOT). It is one of the pioneers in the niche of ‘blockchain for blockchains,’ or interoperability. Polkadot (DOT) increased by almost 2,500% in a year, hitting a peak price of $55 in November 2021.
However, it has dropped close to 90% and is now worth $6.35. To its credit, the decline is not necessarily due to Polkadot’s (DOT) fundamentals; the whole crypto market has been tanking.
While Polkadot (DOT) has some investment value, it’s not so easy for everyone to understand, given the complexity of what it seeks to achieve. Also, there are already several interoperability coins, meaning high competition. Time will tell whether Polkadot (DOT) can recover.
Flasko (FLSK): an innovative crypto project with massive potential
Fortunately, Flasko faces no competition. It will be the first-of-its-kind project coupling NFTs with the burgeoning $13.4 trillion dollar, premium beverage investment industry. Here, we’re talking about the whiskey, wine, and champagne industries, which have experienced unprecedented growth in the last five years.
Flasko is leading the way by bringing the world of luxury beverages to the crypto space. It has already passed its audit with Solid Proof and the founders have committed to locking liquidity for 33 years. As an early investor, here is your chance to have your slice of the pie in this alternative investment. The token’s price is still below 5 cents but analysts predict that it can easily reach $1.60 by the end of the year.
You can learn more about this project and how to get involved using these links below:
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram:https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
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Source: https://coinpedia.org/press-release/flasko-flsk-poised-to-shoot-past-dogecoin-doge-and-polkadot-dot-by-the-end-of-2022/