As Cardano Profits Slide, Investors Look to Optimism and Domini for Fresh Gains
Share this article
Cardano ($ADA) showed bearish movement in the days leading up to September 1, 2023. Optimism ($OP) followed suit by declining significantly during the same period. While both coins struggled, Domini ($DOMI) emerged as a good crypto to buy with its ongoing presale.
But before we discuss Domini, let’s take a closer look at Cardano and Optimism to determine the best crypto to invest in.
Cardano Drops Amidst Market Volatility
On August 31, 2023, Santiment reported that Cardano’s ($ADA) daily active addresses had plunged by 70% from their peak of 105,000 to 34,000. Experts predicted this news might adversely affect $ADA’s price in the coming days by cooling investor confidence.
The predictions proved to be accurate. Between August 31 and September 1, 2023, the token’s price fell by 2.3% from $0.264 to $0.258.
However, despite the recent downtrend, experts are hopeful for Cardano’s bullish movement reflected by its technical metrics, as well as positive developer activity metrics. As of September 1, Cardano’s monthly indicators portrayed a bullish outlook. Specifically, the Momentum 10 and HMA 9 levels were positive, indicating that the coin might surge in the coming days.
Does Optimism have the same outlook? Let’s find out.
Optimism ($OP) Struggles to Compete with L2 Rival
On August 11, 2023, Coinbase’s BASE platform surpassed Optimism in daily active users by recording a high of 136,000. Experts attributed Optimism competitor BASE’s popularity to surging hype surrounding Friend.tech, a social media platform built on BASE. Traders speculated the loss of confidence could have a negative impact on $OP’s price.
Indeed, the coin plunged 12.4% from $1.576 to $1.380 between August 11 and September 1, 2023. Although $OP is still in bearish territory, analysts anticipate a reversal following the losses it suffered during the recent market crash.
Furthermore, as of September 1, Optimism’s monthly indicators, particularly HMA 9 and Momentum 10, showed a bullish outlook.
While $OP struggles to find steady ground, Domini might be a promising investment.
Domini ($DOMI) Set to Grow Exponentially as Presale Continues
Domini ($DOMI) is an innovative art marketplace democratizing access to high-end blue-chip art by leveraging fractionalization. Domini ($DOMI) enables investors to explore modern art at a fraction of the cost of the traditional market.
Domini’s marketplace allows investors to diversify their portfolios by exploring various art genres. Additionally, Domini ensures the security and transparency of its marketplace by tokenizing investors’ artworks as trending NFTs. Moreover, you get access to additional perks if you are a $DOMI token holder.
Domini incentivizes its token holders by granting them early access to new blue chip artworks and providing special discounts on their transactions and trading fees. Furthermore, $DOMI token holders enjoy priority invites to exclusive art events and gallery openings where they get to network with industry professionals and artists. This is part of why Domini is set to grow significantly during its presale.
As of September 1, 2023, Domini is in the beta stage of its presale. Therefore, if you invest in $DOMI now, you can profit from a 23.8% surge from $0.0021 to around $0.0026 as the token proceeds to the next stage of its presale. And, if you want the best returns on your investments, use promo code ‘DOMI10‘ to get a 10% bonus on $DOMI deposits now.
Learn more about $DOMI here:
Visit Domini Presale | Join Our Community
Disclaimer
Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.
The Trust Project is a worldwide group of news organizations working to establish transparency standards.
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articlesGregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
