Avalanche (AVAX) and Solana (SOL) are among the best-performing cryptocurrencies in 2021 and 2022, with Solana set to grow a massive 11,000% by 2022. However, the two coins have underperformed in recent months, with Solana on technical outage and Terra and FTX dominoes are collapsing.
As cracks start to appear in the Solana and Avalanche narratives, investors are starting to wonder if it’s worth buying these cryptocurrencies on a dip or looking for newer, lower-cap coins with huge potential. Investors are starting to focus on Sparklo, a highly skewed cryptocurrency that could beat more established coins in growth through 2023.
From a smart contract success story to one of 2022’s biggest losers. Avax is losing users and investors
Avalanche (AVAX) is one of the biggest success stories in 2021. As a new generation smart contract platform, it has brought more than 3,000% returns to pre-sale investors. However, the cryptocurrency has suffered a sharp drop in 2022. The token price dropped from $112 at the beginning of the year to $18.89.
The drop in value was exacerbated by a drop in user activity, with Avalanche’s daily transaction volume falling from less than 1 million to just over 200,000 by the end of May following the collapse of Terra Luna (LUNC). As a result, Avalanche lost more than value, users, and investors.
Solana (SOL) Attempts to Rebound from All-Time Lows
Solana (SOL) has had a rough year in 2022 with many service outages, outages and security incidents. This, in addition to being overly exposed to the failed FTX exchange and ex-CEO Sam Bankman-Fried, who happens to be one of the largest holders of Solana (SOL).
As a result, the smart contract platform lost more than $50 billion in market capitalization and hit an all-time low at the end of the year. Despite a recovery starting in 2023, price action suggests investors are still hesitant to buy Solana (SOL). Solana faces an uphill battle to regain market confidence amid an uncertain future.
Sparklo (SPRK): Future Blue Chip Cryptocurrency with Huge Growth Potential
Sparklo is a pioneering blockchain investment and trading platform, focusing on alternative investments in gold, silver, platinum and other precious metals. As the first crypto investment platform to allow segmented investing in real-world platinum, gold bars and silver bars, Sparklo is poised to revolutionize the world of crypto investing. With an innovative platform that is both convenient and affordable, Sparklo was audited by Interfi Network and quickly attracted investors looking for high-growth opportunities.
Investors can trade and invest in NFTs representing real luxury investments in platinum, gold bars and silver bars. Additionally, Sparklo partners with jewelry stores to bring their products to market, and investors get priority access to new products and discounts.
Priced at just $0.015, Sparklo has huge potential for growth and could become the blue-chip cryptocurrency of the future. Most seasoned investors know that investing in solid projects early on usually pays off handsomely. That’s where Sparklo comes in, offering investors early access at a fantastic price.
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