Dogecoin ($DOGE) saw a downward move, losing substantial value in the market this September. Algorand ($ALGO) and VeChain ($VET) followed suit by declining significantly. As experts explored the reasons behind their bearish performance, Domini.art ($DOMI) emerged as a promising beginner cryptocurrency.
But before we explore $DOMI and why it’s a new favorite in the crypto market, let’s analyze $DOGE, $ALGO, and $VET to determine the best crypto investment.
$DOGE Falls Despite Robinhood Listing
On August 30, Robinhood announced it would list $DOGE in its supported wallet currencies. Investors expected this news to cause an upsurge in the coin’s price by increasing Dogecoin’s utility and user base.
However, despite the positive predictions, $DOGE fell 8.3% from $0.06674 to $0.06122 between August 30 and September 12. Experts might attribute the recent downtrend to a broader negative crypto sentiment due to the SEC delaying its decision on Bitcoin and Ethereum ETFs.
Even though $DOGE plunged substantially, investors haven’t ruled out the possibility of an upsurge in the future. As of September 12, some of Dogecoin’s monthly indicators were positive, suggesting a potential bull run in the coming days.
While $DOGE exhibited a bearish movement, $DOMI is set to grow exponentially throughout its presale.
Domini.Art Set to Register Massive Gains Throughout Presale
Domini.art is an innovative art marketplace democratizing access to blue-chip art using fractionalization and blockchain technology. Implementing fractionalization enables investors to get maximum returns while bearing minimum risks, making Domini.art a lucrative investment opportunity.
Domini.art goes the extra mile to incentivize its token holders by granting them tiered memberships and exclusive discounts. Furthermore, $DOMI, its ERC-20 token with a hardwired deflationary burn mechanism, can be used to effortlessly trade fractional shares of blue-chip art on the platform. And if that was not alluring enough, the upcoming presale promises an exciting opportunity for investors to participate.
As of September 12, $DOMI has progressed to the Beta Stage of its presale. Therefore, if you buy now, you can expect a 25% ROI from $0.0021 to $0.002625 when the token progresses to the next stage of its presale.
While $DOMI is set to grow exponentially, $ALGO portrayed a bearish scenario.
$ALGO Struggles to Gain Traction
On September 6, the Algorand Foundation announced a strategic investment in Pera Algo Wallet with DWFLabs, Arrington Capital, and Borderless Capital. This investment’s goal was to accelerate the adoption and growth of the Algorand ecosystem by enhancing the features of this self-custodial wallet.
However, despite announcing this strategic investment, $ALGO fell by 3.3% from $0.09362 to $0.09052 between September 6 and 12. Investors might attribute the downtrend to surging competition between altcoins and market volatility.
Although $ALGO failed to surge, experts remain hopeful for an upsurge in the future. As of September 12, some of Algorand’s monthly indicators were positive, signaling that $ALGO might surge in the coming days. Interestingly, $VET exhibits a similar scenario.
$VET Dips Amidst Market Turmoil
On August 24, VeChain announced a strategic partnership with SingularityNET. The collaboration with the decentralized AI services-sharing platform aimed to utilize SingularityNET’s AI algorithms to enhance VeChain’s automation process.
However, despite the positive news, $VET failed to appreciate. Following this news, $VET dipped by 5.6% from $0.0160 to $0.0151 between August 24 and September 12. Investors might attribute the recent downtrend to a surge in crypto selling pressure due to FTX’s decision to liquidate $3.4 billion worth of crypto.
Although $VET dropped in value, analysts anticipate a bullish movement in the future. As of September 12, some of VeChain’s monthly indicators, like Momentum 10, were positive, suggesting that $VET might embark on a bullish movement in the coming days.
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