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Flasko (FLSK) Outperforming Established L1 Platforms Ethereum (ETH) and Solana (SOL)

The post Flasko (FLSK) Outperforming Established L1 Platforms Ethereum (ETH) and Solana (SOL) appeared first on Coinpedia Fintech News

In a world where social, political, and economic instability is rife, the best way to hedge is to make more money and profitable trades. Established layer 1 smart contract platforms Ethereum (ETH) and Solana (SOL) have given their early investors tons of profit – but what about those who bought their bags before the crypto market crashed in flames? For sure, their portfolios have been bleeding out agonizingly as the market continues its slide.

Although Ethereum (ETH) and Solana (SOL) token prices may very well recover in the coming months, one contender is tipped by crypto experts to do well and outperform both even in this bear market: alternative investment platform Flasko, which enables investors to buy into the trillion-dollar luxury wines and spirits sector.

Ethereum (ETH): “Merge” bullishness fading?

Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, second only to Bitcoin (BTC) – which has since grown to become the most utilized blockchain and smart contract platform in the world. Ethereum (ETH) is home to a vast ecosystem supporting DeFi, NFTs, DAOs, and a variety of other projects, spawning a bunch of imitators like Solana (SOL), Cardano (ADA), and Avalanche (AVAX), to name a few.

However, despite the long-awaited Ethereum (ETH) Merge towards a proof-of-stake consensus mechanism, prices have slipped despite a successful transition. While the recent hype behind Ethereum (ETH) has died down, there still might be hope for a recovery in the near future.

Solana (SOL): Ethereum (ETH) competitor stuck at $32

Smart contract platform Solana (SOL) emerged as one of the main competitors of Ethereum (ETH) that experienced an epic run in price, memorably surging all the way to $260 per Solana (SOL) token in 2021. However, since then, Solana (SOL) has lost almost 90% of its value, burning many Solana (SOL) investors who bought in above its current trading price of $32. 

Despite Solana (SOL) boasting fast speeds, low gas fees, energy efficiency, and a vibrant ecosystem, Solana (SOL) has failed to recapture investor interest. This may be due to the host of outages, hacks, and security incidents the Solana (SOL) blockchain has experienced, dissuading investors from buying the Solana (SOL) dip.

Flasko: massive run expected by 2023

The rare wines and spirits industry constantly increases in value and is set to grow to a $23.21 trillion industry by 2026, leading investors to explore investment opportunities in space. Hot newcomer Flasko is offering just that – an investment platform with which to invest in the lucrative market. Flasko is launching an alternative investment protocol for the rare wines industry. And given the demand, all signs point to Flasko outperforming Ethereum (ETH) and Solana (SOL) in the coming years.

Flasko launched its presale at $0.015 and is now sitting at $0.04 per Flasko token. But crypto experts are foreseeing a big price run to the $3-$3.50 range by May 2023. The profit potential with Flasko is therefore significantly higher than Ethereum (ETH) and Solana (SOL) in the next year. With a smart contract audited by Solid Proof and platform liquidity locked for over three decades, Flasko is definitely a crypto to watch in 2022. Get in early and participate in the Flasko presale right now, as it has the potential to 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

Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.

LBRY’s Jeremy Kauffman Says The SEC Is Out To Damage The Crypto Industry

Jeremy Kauffman calls out the current SEC policies on digital asset firms, hinting that it could damage the industry. The SEC’s lawsuit against LBRY, headed by Jeremy Kauffman, continues in October, with Kauffman insisting that the company did no wrong. The Commission continues to enforce its policy on crypto firms, sparing not even the big::Listen

LBRY's Jeremy Kauffman Says The SEC Is Out To Damage The Crypto Industry

  • Jeremy Kauffman calls out the current SEC policies on digital asset firms, hinting that it could damage the industry.
  • The SEC’s lawsuit against LBRY, headed by Jeremy Kauffman, continues in October, with Kauffman insisting that the company did no wrong.
  • The Commission continues to enforce its policy on crypto firms, sparing not even the big guns.

The Securities and Exchange Commission (SEC) has rolled out its policy concerning digital assets leaving analysts to debate whether the Commission is for or against the industry.

Jeremy Kauffman, CEO of LBRY, a blockchain file-sharing company, has expressed his views about the growing SEC regulation of the industry. Speaking at the Messari’s mainnet conference in New York, Kauffman said that the Commission is out to “damage the industry in America.” Kauffman is among several CEOs embroiled in a legal tussle with the SEC since the securities watchdog filed a suit against LBRY in March 2021.

The SEC dragged LBRY to court over the sale of unregistered securities as the company raised $11 million for its LBRY Credits. The SEC claims that investors bought LBRY Credits with a view to making a profit, insisting that it falls as a security under Howey’s test. Kauffman has stated that he has been “fighting the SEC for years” and hopes it ends in his favour and posed with an anti-SEC shirt on Twitter to show the height of his displeasure.

The move by the SEC to clamp down on digital assets being unregistered securities has increased since its case against Ripple Labs in 2020. As the SEC continues its push, industry players are now speaking out against it, with the incoming Kraken CEO Dave Ripley stating that he does not need to register with the Commission or delist tokens from the exchange that the SEC views as securities. 

The clampdown continues 

The SEC insists it will continue to regulate the industry amid claims by crypto executives like Brad Garlinghouse describing it as a “bully”. Gary Gensler, the chairman of the SEC, trying to correct the narrative, has explained that the Commission needs to regulate the industry to protect investors in the sector.

Gensler has also stated his belief that proof-of-stake tokens can be seen as securities as they are being invested for profits, indicating that no digital asset is safe from the SEC’s regulation net. The Commission has also been criticized for stating that all Ethereum (ETH) transactions fall under US jurisdiction, hinting that it plans to roll out stiff regulations in the coming months.

Flasko (FLSK) Outperforming Established L1 Platforms Ethereum (ETH) and Solana (SOL)

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