Dogecoin (DOGE) and Shiba Inu (SHIB) Underperforming, Sleeper Pick Flasko (FLSK) Attracts Interest
The cold, cold crypto winter of 2022 has sent investors scurrying from meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) in favor of projects with solid fundamental, real-world utility, and potential for exponential growth.
Consequently, the exodus of Dogecoin (DOGE) and Shiba Inu (SHIB) investors have seen a fair number place their bets on a stable, high-potential alternative investment platform with a unique value proposition in a highly profitable industry: Flasko.
Let’s examine these three cryptos and examine whether they’re good investments in 2022.
Dogecoin (DOGE): diminishing momentum, diminishing returns
Dogecoin (DOGE) used to be at the center of every discussion about crypto in 2021, which saw Dogecoin (DOGE) prices do an improbable 1700% increase from February to May 2021, with billionaires Elon Musk and Mark Cuban shilling Dogecoin (DOGE) to their followers on Twitter.
Token prices surged to $0.74 per Dogecoin (DOGE) token at its height – but since then, the original meme coin’s prices have fallen off a cliff to lows of $0.05 by June this year. We can see the diminishing interest in Dogecoin (DOGE) demonstrated by crypto investors, especially those who bought Dogecoin (DOGE) at a massive loss.
Shiba Inu (SHIB): unlikely to hit anywhere near all-time highs anytime soon
Speaking of meme coins, one of the most successful Dogecoin (DOGE) clones that may very well have eclipsed the latter in popularity is Shiba Inu (SHIB). Shiba Inu (SHIB) went on a run of epic proportions just like Dogecoin (DOGE) did at the height of meme coin season 2021, until running out of steam and bleeding out in price like most meme coins did in 2022.
Despite multiple projects being built on the Shiba Inu (SHIB) ecosystem, such as a stablecoin, play-to-earn gaming, and NFTs, it’s unlikely that Shiba Inu (SHIB) prices will increase to prices making it worth investing in. The potential to profit is just severely reduced for Shiba Inu (SHIB) at this point in time.
Flasko: predicted to boom amidst increasing interest in rare wines and spirits
Dogecoin (DOGE) and Shiba Inu (SHIB) investors who got burned, relax: Flasko might just be your ticket to recouping some of your losses – if not lift your portfolio out of the rut it’s in.
Flasko has emerged as one of the potential crypto picks of 2022 thanks to its USP of enabling individuals to participate in the rare wines and liquors segment, an industry predicted to hit $1.4 trillion in market capitalization by 2025.
Flasko is an alternative investment platform in the luxury spirits and wines industry which tends to increase in scarcity and value over time. The platform enables investing in fractionalized NFTs representing rare wines and whiskeys so investors can profit from their constantly appreciating prices.
Flasko devs have locked liquidity for over three decades, with the Flasko project passing an audit by German audit firm Solid Proof, proving the platform’s long-term viability. You can buy into Flasko for just $0.025 – and with experienced crypto experts tipping Flasko prices to hit $3.50 by June 2023, this is a can’t-miss opportunity which could result in massive gains.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.