The post Domini.art ($DOMI) and Stellar ($XLM) Gain Ground Despite Rough Market as Arbitrum ($ARB) Suffers Major Losses. appeared first on Coinpedia Fintech News
Both Stellar ($XLM) and Arbitrum ($ARB) went through quite a rough patch in August 2023. This was partly because of the flash market crash that occurred around August 17 and severely affected top altcoins like Stellar ($XLM) and Arbitrum ($ARB). On the other hand, Domini.art ($DOMI) is emerging as a promising crypto to buy as its presale continues. So what is Domini.art ($DOMI), and what makes it a good investment? Let’s talk about it.
· BUY $DOMI NOW ·
Domini.art ($DOMI) Is Connecting Art and Blockchain While Providing Significant Returns.
Domini.art ($DOMI) is the blockchain version of the traditional art market with all the perks that NFTs offer. The platform aims to democratize access to high-end art through fractionalization.
Using this concept, Domini.art ($DOMI) significantly lowers the cost of investment in artworks. This is because it digitizes and splits up the ownership of a single asset into different fractions. That way, many can own the asset as NFTs instead of just one person having overall control.
Using this method, Domini.art ($DOMI) investors get to develop a diversified portfolio of blue-chip art without dishing out a large chunk of capital. This is unlike what the traditional art market offers and makes Domini.art ($DOMI) a groundbreaker in the space.
Domini.art’s ($DOMI) real-world utility in the lucrative and rewarding world of art is why $DOMI might be a good crypto buy in the long run. Plus, you can benefit from impressive gains as it goes through its presale.
Investors who buy $DOMI tokens now can expect a massive 633% gain as the price increases from the current beta stage’s $0.0021 to $0.0154 by the end of the presale. And to top it all, you can also get a 10% bonus on Domini.art ($DOMI) deposits if you use the ‘DOMI10’ promo code.
Unlike Domini.art ($DOMI), Stellar ($XLM) may not have the best outlook in the coming days.
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Stellar’s ($XLM) MoneyGram Acquisition Fails to Inspire Price Action
On August 16, 2023, Stellar ($XLM) announced that it had acquired a considerable share of MoneyGram, a major payments transfer company. This move solidifies Stellar’s ($XLM) position in the crypto-to-fiat conversion market, helping it become a good crypto to buy in the long term.
However, all has not been well for Stellar ($XLM). Despite the positive news, Stellar ($XLM) fell from $0.12 on August 16 to $0.11 on September 1, an 8.3% drop. This is likely due to the overall market crash that started around August 17 and ignited major liquidations across the top altcoins like Stellar ($XLM).
Stellar ($XLM) may continue this bearish movement in the coming days according to its moving average indicators, like the EMA and SMA 20, for September.
Like Stellar ($XLM), Arbitrum ($ARB) has also been a victim of the mid-August flash market crash.
Arbitrum ($ARB) Suffers Major Losses Before a Possible Reversal
On August 31, Offchain Labs released the Arbitrum Stylus. This update allows coders to work on Arbitrum ($ARB) in languages they may already know, such as popular languages like C and C++, and those that are Ethereum Virtual Machine compatible.
The update sparked bullish price movement as it is a step forward in helping Arbitrum ($ARB) become more developer-friendly. Following the announcement, $ARB price rose from $0.91 on August 31 to $0.92 on September 1, registering a minimal 1% increase.
Yet compared to the losses Arbitrum ($ARB) has suffered in the month leading up to the announcement, even a minimal improvement is notable. By comparison, Arbitrum’s ($ARB) price fell from $1.1 on August 2 to $0.92 on September 1, marking a hefty 13.6% decrease.
Arbitrum ($ARB) may continue its positive trend based on technical analysis for September, with monthly indicators pointing towards strong bullish action. This positive outlook may be a correction to the significant losses $ARB sustained throughout August.
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