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The Domini ($DOMI) presale is gaining momentum quickly, while top crypto coins like Cardano ($ADA) and Neo ($NEO) appear to have found new resistance levels, after losing substantial value in the past 30 days.
The Domini project has the potential to be a top crypto coin in 2023 and beyond thanks to the creative way it uses ERC20 coins, smart contracts, and fractionalization to open up high-end art investment. Prestigious artworks have been exclusively the domain of the world’s richest people who can afford the multi-million-dollar price tags on many of these items, but Domini now offers a secure and transparent way for regular people to purchase fractions of these prestigious pieces and reap the rewards that come with it.
Cardano prices have struggled since the 2022 crypto market crash. Substantial gains were made in early 2023, but most of that was wiped out by the August crash. $ADA seems to have found a new resistance level at around the $.25-cent mark. 2023 hasn’t been that great for the Neo project either, with most of its gains being lost to the recent crash as well, but it has enjoyed consistent growth for the past seven days.
Domini ($DOMI) gaining more momentum than top crypto coins as presale picks up
Art investments are an excellent way for those who can afford them to stabilize and diversify their portfolios. Unlike most investments, the value of art isn’t tied to the financial markets or forces like inflation. High-end art often appreciates over time and some like Jean-Michel Basquiat’s Untitled, 1982 have earned investors exponential returns. The piece was originally bought for $19,000 in 1982 but sold for $110.5 million in 2017. That’s a 580,000% return on investment over 33 years.
Art markets have historically served only a small fraction of the global population who can afford them, but Domini has come up with a creative process that makes it possible for regular people with regular wallets to buy fractions of prestigious works of art and enjoy the financial gains that come with it.
Opening up art markets with blockchain technology
Domini’s team of art experts searches all over the world for blue-chip art with a history of price appreciation. A diverse variety of artworks that represent various periods, styles, and cultures are curated and the best pieces are purchased by the team.
These works of art are then transported to a secure, insured vault where they will be permanently based. Domini’s blockchain engineers then create a unique ERC20 coin that serves as each artwork’s digital version. These non-fungible tokens (NFTs) can’t be duplicated or replicated, and their authenticity can be easily verified on the blockchain. The value of each artwork’s NFT is equivalent to the value of the original work stored in the vault.
Tokens are listed on the Domini marketplace and investors can fractions of prestigious art with $DOMI, which can be purchased on the Domini website with debit cards, credit cards, or cryptocurrencies.
$ADA finds a bottom?
Cardano prices have dropped so much in the past month that some analysts are predicting the only way left to go is up. That’s good news for investors since $ADA prices have the potential to grow 12x if previous highs are reclaimed. While that’s impressive, it doesn’t compare to Domini’s projected 50x growth after launch.
Neo starting to regroup
The past week has been positive for $NEO investors as the price has risen by over 10%. Some credit the upward price action to positive news like the project’s recent partnership with KIMPGA, Skry Labs, and the Meta Era Summit for the price surge. But there are no guarantees prices will keep climbing given the strong bearish sentiment hanging over the cryptocurrency space.
Summary
Domini has emerged as one of the best altcoins to invest in this year, while Cardano and Neo continue their share of struggles. Domini’s creative way of opening up art markets gives artists a wider audience to sell their works to while allowing regular people to enjoy the stability, diversity, and profitability of art investments.
Learn more about $DOMI here:
Visit Domini Presale | Join Our Community
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