Optimism ($OP) declined significantly between August 6 and August 20, 2023. Cosmos ($ATOM) exhibited a similar movement by depreciating significantly between August 11 and August 20. As these top crypto coins fade away from the spotlight, Domini ($DOMI) may be set to grow exponentially.
But before we delve deeper into Domini ($DOMI), let’s analyze Optimism ($OP) and Cosmos ($ATOM) to determine the best crypto investment.
Optimism ($OP) Plunged Following BASE Network Hack
On August 6, Coinbase announced that its newly launched BASE network built on Optimism ($OP) stack was hacked. This backdoor contract exploit resulted in a loss of $1 million.
Following this news, Optimism‘s ($OP) price took a sharp hit falling by 12.3% from $1.676 to $1.470 between August 6 and August 20. This negative price action was followed by a similar 12.5% decline in market cap from $1.20 billion to $41.05 billion during the same time.
Optimism’s ($OP) recent downtrend can be attributed to fading investor confidence and surging uncertainty regarding Optimism’s ($OP) security following the hack. As of August 20, Optimism’s ($OP) EMA 50 and MACD levels signaled that the bears had taken control.
However, despite the negative news, experts hoped that Optimism ($OP) would recover in the succeeding days.Despite this, Optimism ($OP) fell further to $1.34 by September 3.
Does Comos ($ATOM) exhibit a similar scenario? Let’s find out.
Cosmos ($ATOM) Failed to Initiate a Bull Run
On August 11, Cosmos ($ATOM) revealed that its Cosmos Hub is set to undergo a v11 upgrade bringing various improvements to its blockchain. This news should help Cosmos ($ATOM) in the long run by increasing its user base and utility. Furthermore, as of August 20, Cosmos’ ($ATOM) Momentum 10 and CCI 20 levels signaled a potential for bullish movement.
However, despite the positive news and technical indicators, Cosmos’ ($ATOM) price fell by 7.3% from $8.38 to $7.77 between August 11 and August 20. This downward price movement was accompanied by a similar 6.9% decline in market cap from $2.90 billion to $2.70 billion during the same time. From August 20, Cosmos’ ($ATOM) declined further, reaching a low of $6.83 by September 3. Cosmos’ ($ATOM) recent downtrend can be attributed to growing market volatility and surging competition among top altcoins.
Besides negative price movement, Cosmos’ ($ATOM) MACD and VWMA 20 levels signaled a potential bearish trend. By observing the current indicators, analysts predict that the bears may seize control in the coming days.
However, Domini ($DOMI) is expected to register massive gains while these two coins suffer declines and volatility into September.
Domini ($DOMI) Investors Set to Gain from a 340% Surge as Presale Continues
Domini ($DOMI) is a marketplace bridging the gap between traditional art and technological innovation. The platform aims to democratize access to high-end blue-chip art by leveraging fractionalization. By enabling users to own a fraction of prestigious art pieces, Domini ($DOMI) broadens the accessibility to unique art pieces.
The platform ensures maximum transparency and security by integrating blockchain and tokenizing artworks into trending NFTs. Besides offering investment services, Domini ($DOMI) provides consultancy for investors. Domini ($DOMI) provides personalized recommendations to investors based on comprehensive market research.
Furthermore, you can receive additional perks if you are a token holder. Domini’s ($DOMI) token is an ERC-20 token ingrained with a deflationary burn mechanism. This helps preserve the coin’s value by reducing its supply over time.
Besides benefitting from the token’s appreciation, token holders are granted tiered memberships. Each tier offers users certain privileges based on their token holdings. Each tier offers certain perks, such as personalized recommendations and priority customer support.
Domini’s ($DOMI) credibility is evident from its features in renowned publications like MarketWatch and BENZINGA. Therefore, if you want to capitalize on significant gains, join Domini ($DOMI) now to take advantage of a huge surge from $0.0021 to $0.0154 during the presale alone.
Learn more about the Domini ($DOMI) presale here:
Presale: https://domini.art/
Telegram: https://t.me/DominiArt
Twitter: https://twitter.com/Dominigallery