TRON ($TRX) received some positive news from its partner exchange Houbi around the middle of September, which could expand both the project’s reach and reputation. Meanwhile, Shiba Inu ($SHIB) is struggling to gain lost value despite recent positive developments.
With the outlook of both these top altcoins uncertain, investors may look to growing projects like Domini.art ($DOMI). But before we discuss why it might be a good crypto to buy, let’s take a closer look at TRON and Shiba Inu.
$TRX Looks for Price Bump Following Houbi Rebranding
On September 13, Houbi announced a major rebranding to HTX. According to the exchange, the “T” in HTX represents its commitment to TRON. Since Houbi, now HTX, is a major cryptocurrency exchange, the rebranding could push the value of $TRX upwards in the coming days.
On the day of the announcement, $TRX climbed from $0.07853 to $0.08045, a 2% increase. Considering the news and TRON’s status as one of the biggest blockchains in the crypto market, $TRX may climb further in the coming days.
$SHIB, on the other hand, hasn’t been doing as well.
$SHIB Struggles Despite A Massive Increase in Burn Rate
On September 6, Shiba Inu’s coin burn rate rose by over eight times. Around 80 million $SHIB coins were removed from circulation as a result. The sudden increase in the burn rate should have had a positive impact on the coin’s price.
However, following this event, $SHIB fell from $0.000007545 on September 6 to $0.000007173 on September 13, a 5% decrease. This decrease, despite the new deflationary pressure, may be attributable to the overall negative market sentiment, especially with other meme coins like $PEPE registering similar losses.
And the rough patch $SHIB is going through may not be over just yet. $SHIB’s technical indicators on September 13, especially the moving averages, indicate further losses in the coming days.
So, with the $SHIB decline with a sub-optimal outlook in the coming days, should investors look to a new project like Domini.art?
Domini.Art: An Innovative Business Model With Remarkable Gains
Domini.art is the NFT version of the traditional art marketplace. Using blockchain technology, the platform makes it easier for you to invest in the blue-chip art market, besides making it significantly cheaper to do so.
So how does Domini.art achieve these benefits over the traditional art market?
Domini.art uses fractionalization to convert physical artworks into NFTs to buy. Rather than having the asset listed as a single NFT, the ownership is split across many different pieces. This lowers the entry price for investors and helps them build diverse portfolios in an efficient manner.
This real-world utility is why Domini.art is set to grow significantly in the long run. But you can also expect returns from its native token in the short term.
$DOMI is in the Beta Stage of its presale at $0.0021. As it moves to the next stage, you can expect a 25% gain to $0.002625 in a matter of weeks. Better yet, this gain will grow considerably to 633% by the time the presale concludes at $0.0154.
Learn more about $DOMI here:
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