A crippling cryptocurrency meltdown dominated the summer of 2022. Investors started withdrawing their funds after the Consumer Price Index (CPI) reported inflation at 8.6%. First, the stock markets felt the effects as circulation began to dwindle. The crypto was next in line; its market valuation dropped by more than two trillion dollars in a few days. How can an industry survive in the aftermath of a devastating slump?
Solana (SOL) is showing a positive, promising growth
Solana (SOL) is a versatile, open-source platform that uses blockchain's permissionless feature to give decentralized finance (Defi) choices. The concept was developed in 2017. However, Solana was not officially introduced until 2020 by the Solana Foundation in Switzerland.
Solana's (SOL) principal goal is to aid in the creation of decentralized apps (dApps). Solana's distinguishing feature is that it mixes a proof-of-stake (PoS) consensus system with a proof-of-history protocol.
Solana (SOL) is the ninth-largest cryptocurrency on the market. Solana (SOL) has a market capitalization of 16.9 billion with a token price of $33.2. Both figures have increased by 4.5% in the last twenty-four hours. Similarly, Solana's (SOL) trade volume has increased 61% to 696 million.
Shiba Inu (SHIB) investors are also interested in Flasko (FLSK) presale
Along with Solana, Shiba Inu (SHIB) is a prestigious token. Shiba Inu (SHIB) is traded on ShibaSwap, a decentralized local exchange (DEX). Shiba Inu (SHIB) was developed in 2020 by an individual using the alias "Ryoshi."
Shiba Inu (SHIB) is ranked 13th, with a market capitalization of 7.5 billion and a token price of 0.0000127 USD. Both valuations have risen by 1.6% since yesterday. Shiba Inu (SHIB) trade volume has dropped by 34.8% to 379 million.
Dogecoin pioneered the meme token movement, and Shiba Inu (SHIB) was first dubbed the "Dogecoin Killer" by the media upon its release. Like DOGE, Shiba Inu (SHIB) has a dog image on its symbol.
Flasko (FLSK) is a profitable investment for 2022 and the next years to come
Numerous investors have been drawn to Flasko's innovative concept and alternative investment platform. Users can use Flasko to invest in expensive fine wines, rare champagnes, and premium whiskeys with NFT’s backed by the real life assets. Investors can purchase fractions or the whole NFT which users can receive physical delivery of the bottles at at point from a secured and bonded location.
Analysts have made a prediction of Flasko being the most profitable alternative investment. It is wise to participate in the Flasko presale right away, given the potential of this initiative. The first 60 seconds of the presale saw the project sell nearly 20 million of its allotment. By early 2023, the presale price of Flasko, which is currently $0.04, is anticipated to reach $2.90.
Flasko token finished its Solid Proof audit and secured liquidity for over 30 years. Experts predict that by 2023, Flasko will rank among the top cryptocurrencies.