The silver lining in this bear market is that several cryptocurrencies have great upside potential. This will greatly benefit investors who seized this opportunity and accumulated the right cryptocurrencies at the right time.
Solana (SOL) was one of the biggest stars of the last bull run. SOL’s price has significantly gone down, paving the way for a repeat of the great run in 2021. Kusama (KSM) is another project with the potential to go higher.
While Kusama (KSM) and Solana (SOL) will be in the portfolios of several investors, another cryptocurrency gem to look out for is Flasko (FLSK).
Solana (SOL) is Here to Stay
Solana (SOL) is regarded by many as one of the fastest blockchains, as it can process 50,000 transactions per second. This has allowed Solana to overcome scalability issues and gain an advantage over competing blockchains like Ethereum.
Solana’s low fees, low network congestion, and high processing are the main reasons why developers are migrating to the blockchain. Solana (SOL) uses the energy-efficient proof-of-stake algorithm to secure the network. This has several advantages. It attracts investments from climate change-conscious investors. It gives stakers to earn passive income.
We should not forget that Solana (SOL) had a great run in the last bull market, as SOL’s price increased from around $1 to 255 in a short period. Solana (SOL) is currently trading at $31, way below its all-time high.
As the market downturn slowly cools down, it is big cryptocurrencies like Solana (SOL) that will perform very well. This is because Solana (SOL) is trusted by many investors and has shown that it has staying power.
Kusama (KSM) is on the Rise
Kusama (KSM) was created to make life easier for developers building on the Polkadot ecosystem. This may not sound like much, but it is. Polkadot’s ecosystem is growing, and Kusama (KSM) is an important part of it.
Kusama (KSM) is a great project on paper because it was founded by an elite team of Gavin Wood (founder of Polkadot and Ethereum), Peter Czaban, and Rober Habermeier.
Kusama’s rise is rooted in its community, use case, and investor sentiment. Kusama (KSM) is backed by a strong community that constantly supports the project. Communities are the heart of a project’s success, and this is the case with Bitcoin.
Kusama’s native currency, KSM, reached a high of $600 in the last bull market. Kusama (KSM) is currently trading for $35. If history repeats itself, Kusama (KSM) will do 17x to reach its last all-time high.
Kusama (KSM) and Solana (SOL) both have the potential to surpass their previous peaks. However, the net returns for investors are diminished. Investors can find outsized profits by investing in the FLSK token.
A Solid Case for Flasko (FLSK)
Flasko is the first alternate investment platform allowing users to invest in luxury wine, champagnes, and whiskeys.
The alternative investment industry is projected to rise to $17.2 trillion by 2025, a 4x increase since 2010. The growth of the alternative investment and cryptocurrency industries will benefit Flasko investors. Investors can get their hands on Flasko’s native token, FLSK, in the ongoing presale.
Flasko is going for a very low price, for only $0.065. The FLSK tokenomics have been designed to benefit investors. A total of 1 billion FLSK tokens will be minted, and 35% of them are earmarked for the presale.
The team plans to list the FLlasko token on major exchanges. This will give Flasko a major price boost. Flasko is a young cryptocurrency with great upside potential. It may be time to give it serious thought.
Source : Cryptodaily