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Coins like Shiba Inu (SHIB) and Dogecoin (DOGE) will feel the effects of Elon’s Twitter takeover in roundabout ways. The price of these coins skyrocketed as soon as word leaked about Elon Musk’s Twitter investment. Dogecoin (DOGE) soared by over 150% in less than a week after Twitter was sold, while Shiba Inu (SHIB) rose by over 30% in the same time frame.
The speculation that Shiba Inu (SHIB) and Dogecoin (DOGE) would be accepted by Twitter as payment currencies drove their prices up. It was only after a couple of days of the Twitter transaction that both currencies started to decline. Investors looking for a stable growing crypto investment are showing interest in Flasko.
The Dying Currency Shiba Inu (SHIB)
In January 2022, the value of one Shiba Inu (SHIB) token rose beyond $0.00008. The currency also surpassed Dogecoin (DOGE) in market share, placing it in the top 10 most-valued cryptocurrencies. A token in early 2022, however, was worth less than one-quarter of its all-time high. In April, one Shiba Inu (SHIB) was worth exactly $0.00001 USD. While the value of most currencies dropped within the same period, Shiba Inu (SHIB) hit the worst. Dogecoin (DOGE), on the other hand, saw its value drop somewhat but is still the largest meme currency.
The Reason Why Dogecoin (DOGE) Will Eventually Perish
This year, the value of Dogecoin (DOGE), a cryptocurrency that was first established as a “joke” by two guys in 2013, has skyrocketed, at one time, increased by more than 12,000 percent. Dogecoin (DOGE) may be good for laughs and amusement on social media, but it has no real-world value. Meme stocks and meme cryptocurrencies like Dogecoin (DOGE) suffer because social media hypes fade out quickly, necessitating the discovery of fresh hypes to keep the ball rolling. It’s not very enticing to buy into an “asset” that has already increased this much when there are fresh pump-and-dump “opportunities” appearing every day. You can bank on the value of Dogecoin (DOGE) crashing to zero and dying a lingering death this year.
Flasko (FLSK) Appears As A Better Choice
Through functionalized NFTs, Flasko hopes to broaden people’s access to investing in luxury goods like champagne, wine, and whiskey. Investors who buy the whole NFT receive the bottle sent to them at no extra cost.
Solid Proof has audited Flasko successfully, and liquidity is locked for 33 years for the upcoming NFT platform, while the team won’t sell their tokens for the next two years. This reassures investors that Flasko is here to stay and grow.
Although the present price of Flasko is only $0.085, numerous cryptocurrency experts predict that by February 2023, it will be worth $5.4. Flasko has the potential to become a blue chip cryptocurrency and the fastest-growing cryptocurrency of 2023.
Learn more by clicking on the following links:
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
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