ETH
by BSCN
September 9, 2023
By using NFTs to tokenize art pieces, Domini is democratizing art ownership, driving innovation in the DeFi world.
In the month leading up to September 1st, Cardano ($ADA) had dropped 18.13% to $0.26. Like many other cryptocurrencies, Compound ($COMP) saw a huge spike around July 14's XRP Verdict. But it has struggled to keep up since then.
Meanwhile, Domini ($DOMI) is offering general investors an innovative way to invest in high-value art. But what does Domini ($DOMI) really offer its investors besides that, and is it a good crypto to buy? Let's look into it before we talk about Cardano ($ADA) and Compound ($COMP) in more detail.
Domini ($DOMI) is a platform bridging the gap between art and everyday investors. It aims to democratize the ownership of art once held by the privileged only. How does it do that?
Domini ($DOMI) uses NFTs to tokenize specific pieces of art. One painting, for example, may have many sub-parts in the form of NFTs. Everybody who holds a fraction of the NFT has partial ownership of the painting. Domini's ($DOMI) process makes the barrier of entry for investments quite low. Domini ($DOMI) also makes these investments quite liquid, making it easy for you to cash out compared to the traditional art market.
Domini's token, $DOMI, is an Ethereum-based token with a total supply of 1 billion tokens. Interestingly, 65% of these $DOMI tokens are allocated to the presale. Starting from its initial price of $0.0021, $DOMI is expected to gain by a massive 340% to $0.0154 by the end of the presale.
So before the price starts climbing, you might want to get in on Domini ($DOMI) to get the most out of it. Mentioning coins you might want to invest in soon, let's talk a bit about another one of the top altcoins, Cardano ($ADA).
On June 27, Robinhood delisted Cardano ($ADA) from the exchange following the SEC's lawsuit against Coinbase and Binance regarding the sale of securities. This may have hurt Cardano's ($ADA) market sentiment.
But despite the delisting, Cardano ($ADA) had managed to climb to a higher price of $0.3 on August 8 from $0.27 around the end of June, an 11% increase. This rise may have been in part due to the landmark XRP vs. SEC ruling on July 14 when Cardano ($ADA) witnessed a spike. However, despite the increase, Cardano ($ADA) fell by 3% from $0.3 on August 8 to $0.29 on August 15 and stands at $0.26 on September 1st.
So, Cardano ($ADA) is going through a turbulent time. But because of its strong fundamentals, it may be a viable choice in the long run. However, traders might want to be wary of it for the short term, given its recent losses.
Around June 28, Compund's founder and CEO announced his exit from the platform. This announcement came with the news of Superstate's launch, a new entity that will bridge the gap between crypto and traditional financial assets. Although the launch of Superstate should have been good for Compound ($COMP) as a related entity, its CEO's exit has hurt Compound ($COMP).
However, the negative market sentiment from its CEO's departure seems to have been outweighed by July 14's landmark development. The gains Compound ($COMP) made on July 14 after XRP's partial court victory helped increase its price to around $70, up a massive 67% from around $42 on June 28.
By August 15, Compound's ($COMP) price was back down to $56, a loss of 20% from July 14. In the week ending September 1st, Compound fell again to $40.40. So overall, Compound ($COMP), one of the top DeFi coins, may still be undergoing a massive price correction. So, investors may want to ride it out until Compound ($COMP) is verifiably back on an uptrend.
Learn more about the Domini.art ($DOMI) Presale
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $300. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Latest News
2h : 32m ago
Weekly Article Recap: 9/30-10/04
October 4, 2024
Coinbase to Delist Non-Compliant Stablecoins in EU by December
October 4, 2024
CryptoPunk 1563 “Sells” for $56M: Real Deal or Flash Loan Stunt?
October 4, 2024
Is Satoshi Nakamoto About to Be Exposed? HBO Documentary Claims to Reveal Bitcoin Creator’s Identity
October 3, 2024
Visa Introduces Tokenized Asset Platform for Fiat-Backed Tokens
October 3, 2024
Lamborghini to Unveil Web3 Platform "Fast ForWorld" With Animoca Brands
October 3, 2024
Crypto Losses in 2024 Soar to $2.11 Billion, Surpassing 2023’s Annual Total: Report
October 3, 2024
Aptos Blockchain Welcomes Franklin Templeton's Tokenized U.S. Government Fund