Avalanche (AVAX) and Solana (SOL) were among the top-performing cryptocurrencies in 2021 and 2022, with Solana seeing a massive 11,000% increase entering 2022. However, both coins have underperformed in recent months, with Solana struggling through technical outages and the dominoes collapsing on Terra and FTX.
As cracks start to form in the Solana and Avalanche narratives, investors are left wondering if it's worth buying the dip on these cryptos or looking for newer, lower-cap tokens with massive potential. Investors are starting to look toward Sparklo, highly-tipped crypto that may beat more established tokens in growth in 2023.
From Smart Contract Success Story to One of the Biggest Losers of 2022. Avax is losing users and investors
Avalanche (AVAX) was one of the biggest success stories of 2021, delivering returns of over 3,000% to presale investors as a new-generation smart contract platform. However, the cryptocurrency suffered a significant decline in 2022. The token price dropped from $112 at the start of the year to $18.89.
The drop in value was compounded by a decrease in user activity, with Avalanche transactions per day falling from just under one million to slightly over 200,000 by the end of May following the collapse of Terra Luna (LUNC). As a result, Avalanche isn't just losing value, users, and investors.
Solana (SOL) Tries to Rebound from Record Lows
Solana (SOL) had a tough year in 2022, with numerous service disruptions, outages, and security incidents. This, in addition to overexposure to the failed FTX exchange and former CEO Sam Bankman-Fried, who happens to be one of the largest holders of Solana (SOL).
As a result, the smart contract platform lost over $50 billion in market capitalization and hit record lows by the end of the year. Despite some recovery to start 2023, price action suggests that investors still hesitate to buy into Solana (SOL). Solana faces an uphill battle to regain market confidence with its future uncertain.
Sparklo (SPRK): The Future Blue-Chip Crypto with Massive Growth Potential
Sparklo is a groundbreaking blockchain investment trading platform specializing in alternative investments such as precious metals like gold, silver, and platinum. As the first crypto investment platform to allow fractionalized investment in real-world platinum, gold, and silver bars, Sparklo is poised to revolutionize the world of crypto investing. With an innovative platform that is both accessible and affordable, Sparklo has passed its audit with Interfi Network and is quickly gaining traction among investors looking for high-growth opportunities.
Investors can trade and invest in NFTs representing real luxury investments in platinum, gold, and silver bars. In addition, Sparklo works with jewelry stores to bring their products to market, and investors benefit from first access to new products and discounts.
With a price of just $0.015, Sparklo has significant potential for growth and could become a future blue-chip crypto. As most experienced investors know, investing early in solid projects often leads to significant gains. This is where Sparklo comes in, offering investors the opportunity to get in early at an extremely good price point.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
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