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The meme coin narrative has crumbled in 2022 as two of its finest exponents, Dogecoin (DOGE) and Shiba Inu (SHIB), have lost a massive chunk of their market capitalization and their investor mindshare. Dogecoin (DOGE) is barely holding on to tenth spot while Shiba Inu (SHIB) falls to twelfth in the top 20 cryptocurrencies by market capitalization, from being mainstays in the top 10.
Not surprisingly, investors in meme coins have realigned their capital to more profitable projects like Flasko in recent weeks, as the alternative investment platform in the luxury wines and spirits category draws attention with its ongoing presale, 33-year locked platform liquidity, and successful Solid Proof audit.
Dogecoin (DOGE), like most meme coins, have struggled with fleeting investor interest resulting in a substantial billion-dollar loss in market capitalization. It's safe to say that the hype behind Dogecoin (DOGE) has dissipated, with Dogecoin (DOGE) investors scampering to find crypto projects with actual, tangible real-world utility and potential for massive growth.
Despite the best efforts of billionaire backers Mark Cuban and Elon Musk to shill Dogecoin (DOGE) as a viable project, its dramatic price fall from $0.74 to $0.05 represents how even a top-5 crypto can fall from grace so quickly.
Shiba Inu (SHIB) investors weren't forgotten by the crypto bear season: it seems like Shiba Inu (SHIB) and Dogecoin (DOGE) meme coin magic just won't work anymore in 2022. Indeed, the astronomical heights Shiba Inu (SHIB) attained in 2021 seem like a distant but fond memory for early investors.
But like Dogecoin (DOGE), Shiba Inu (SHIB) seems to have run out of any positive momentum despite efforts by its team to develop a viable, working ecosystem out of the meme coin. It's unlikely Shiba Inu (SHIB) would draw in investors and increase its token price without producing real-life applications anytime soon.
Meme coin holders who had their portfolios wiped out by the crypto winter of 2022 might find their solace in Flasko. Flasko is building a platform allowing individuals to invest in the trillion-dollar rare wines and liquor industry. The platform enables investors to acquire a portion or the entirety of a selection of the rarest wines, whiskeys, and spirits through fractionalized NFTs, and allow them to profit from the constantly appreciating prices for such rare spirits.
With Flasko presale at just $0.025 per Flasko token, there's plenty of room for price to appreciate, with Flasko predicted to hit $3.20 per coin by early 2023 according to crypto experts. That's some serious 150x potential, if you're counting.`
If you're looking to reap significant gains from investing in a project at the earliest stages, Flasko is the opportunity you've been waiting for. Its prospects to increase in value outshine that of Shiba Inu (SHIB) or Dogecoin (DOGE). You heard it here first – significant gains are often made by getting in early, and we believe this could be an amazing investment opportunity.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram:https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
