The cryptocurrency world had an extremely volatile ride in 2022, resulting from several market sentiments like the increasing inflation, recession fear, and Russia’s invasion of Ukraine. However, even with the market downturn, there are 21,619 total cryptocurrencies available on CoinMarketCap, as of November 3rd, 2022.
This shows that digital assets still have more to offer. With this, analysts have put together the top three altcoins with the highest potential to provide massive gains for crypto beginners. They are Flasko, Shiba Inu (INU), and cETH (CETH).
Shiba Inu (SHIB) Investors Hopeful As “Dogecoin Killer” Rallies
In October 2021, after Elon Musk tweeted a photo of his Shiba Inu puppy, Shiba Inu (SHIB) token gained momentum and even had news of its listing on the Robinhood exchange. However, the bearish trend of 2022 has left Shiba Inu (SHIB) investors reeling from the loss. However, Shiba Inu (SHIB) recently showed some green on the charts when it rose by about 30% on August 15th, 2022.
Analysts attributed this to the buzz about a new game called the Shiba Eternity, and also the rise of Ethereum, which is Shiba Inu (SHIB) tokens underlying blockchain. Shiba Inu (SHIB) is gaining momentum as whales seem to be accumulating the coin, indicating a bullish trend, as seen in its price change of +9.51% last week to trade at $0.00001326.
cETH (CETH) Lending Token Bullish As Market Rallies
Released by compound protocol, the compound Ether (cETH) aims to ensure that the process of earning interest from the crypto lending market is more accessible. By November 8th, 2021, Compound Ether (cETH) achieved an all-time high of $110.86. Meanwhile, since its all-time high, Compound Ether (cETH) has had a cycle low of $16.49.
Compound Ether (cETH) trades at $77.81, up 7% over the previous day. Compound Ether (cETH) currently ranks #83 based on market capitalization, with a circulating supply of $18,460,592, the maximum supply.
Based on data from Binance, over the previous 90 days, Compound Ether (cETH) has had a price increase of 80.43%. At its all-time high, Compound Ether (cETH) had a price of $96.49 and is being actively traded in various cryptocurrency exchanges.
Flasko (FLSK): Top Alternative Investment Set To Surge In 2023
It is general knowledge that the luxury and rare wines market is worth millions of dollars and continuously growing in value. Flasko, an alternative investment platform, will allow users and investors to trade in minted and fractionalized NFTs backed by rare and luxury wines, champagnes, and whiskeys.
Flasko currently goes for a price of $0.077 and is in its second presale stage. A total purchase of an NFT would result in the product being delivered to the investor location. Analysts predict that Flasko has a massive potential to provide enormous gains since it has been audited by Solid Proof, and its liquidity will be locked for 33 years.
Investing early into a project offers the best returns, and this will be so with Flasko since analysts predict that Flasko will be a future blue-chip cryptocurrency. You can look deeper into the Flasko project by clicking on the links below.
Website: https://flasko.io
Presale: https://presale.flasko.io
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Source: https://coinpedia.org/press-release/top-3-altcoins-with-high-potential-are-flasko-flsk-shiba-inu-shib-and-ceth-ceth/