Here Is Everything You Need To Know About Flare (FLR), Lido DAO (LDO) and Jetsha...

Cryptocurrencies are constantly emerging in the crypto market. While some tokens fell prey to the pressure and had no positive outcome, others gained massive popularity, but only for a limited time.

It is not uncommon for people to be interested in new cryptocurrencies. Because investors are constantly looking for the best crypto token, the cryptocurrency with the highest potential return on investment (ROI) is always the preferred option.

A disastrous week for Flare (FLR) token

Flare is an EVM-based Layer 1 blockchain that allows developers to create interoperable applications with blockchains and the internet. Flare enables new use cases and monetisation models by providing decentralised access to high-integrity data.

According to CoinGecko data, the FLR token began trading on the MeXC exchange on January 9 at $0.05 due to low liquidity. Following its launch, the token skyrocketed to $0.15 as exchanges such as Binance, OKX, and Kraken began trading the airdropped token.

The FLR token price began to fall shortly after increased liquidity from centralised exchanges arrived. At the time of writing, the price of FLR has declined by 91.44% to $0.04. FLR’s 24-hour trading volume hovers slightly above $30 million.

Investors’ optimism about Jetshare’s (JETT$) future rises

The first private jet investment platform built on blockchain technology is called Jetshare (JETT$). Owners of JETT$ can purchase fractional non-fungible tokens (NFTs) backed by actual aircraft and flight hours. The Jetshare protocol aims to change how private jets are used and owned.

To assist in the creation and delivery of a top-notch solution for the community, Jetshare has carefully selected a team of technical developers and aviation experts with years of experience.

Tokenization can disrupt the private jet industry in a number of ways including enabling the creation of NFTs that represent ownership in a private jet or smart NFTs that represent depreciating flight hours as they are used. This can make private jet ownership and use more accessible and increase utilisation rates.

Jetshare plans to leverage Web3 to develop efficient and transparent management of private jets through the use of smart contracts. Smart contracts can automate the booking process, reduce administrative costs, and improve communication between parties.

Jetshare’s token is clearly poised for success with the growing demand for private jet travel and their robust business model. The future of private JETT$ really is crypto.

Things turning around for Lido DAO (LDO)

Lido is a liquid staking solution for Ethereum. Lido allows users to stake their ETH while engaging in on-chain activities, such as lending, to increase returns without requiring minimum deposits or infrastructure maintenance.

On December 19, 2020, Lido DAO (LDO) released its staking app with 1 billion LDO tokens produced at launch. Users that stake with Lido receive stETH tokens distributed in a 1:1 ratio to their original stake. stETH balances are updated daily to reflect your ETH staking rewards, minus any penalties, and may be used to earn and lend rewards just like ordinary ETH. With that said, stETH is a token in Lido that represents staked ether by combining the value of the initial deposit plus staking rewards minus penalties. stETH tokens are minted upon deposit and burned when redeemed.

Token users of Lido DAO (LDO) earn staking benefits in real-time and have the option of compounding rewards by utilising staked tokens across the Defi ecosystem. Nonetheless, the price of LDO has increased over the last seven days by 53.08%. LDO, alongside other market competitors, has made progress over the week. However, knowing how the cryptocurrency market works, will the performance hold?

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