Avalanche ($AVAX) key stakeholders got a massive supply of tokens in the last week of August while EOS ($EOS) received regulatory approval to trade in Japan. Meanwhile, investors say the best crypto to buy in 2023 is Domini ($DOMI). Domini ($DOMI) aims to democratize high-end art ownership, and the platform is in its presale beta stage. Find out why investors are backing Domini ($DOMI) to succeed in 2023.
Avalanche ($AVAX) Completes Token Unlock
On August 26, 2023, Avalanche ($AVAX) implemented a token unlock of 9.54 million Avalanche ($AVAX) tokens. According to data from Token Unlocks (a tokenomics monitoring platform), Avalanche ($AVAX) released 2.25 million tokens to Strategic partners, while the Avalanche ($AVAX) Foundation got 1.67 million tokens. Also, the Avalanche ($AVAX) team got 4.5 million tokens, while community airdrops amounted to 1.1 million tokens.
All the unlocked tokens are worth $97 million, representing 80% of Avalanche’s ($AVAX) average daily trading volume. As a result, Avalanche ($AVAX) ranged in late August. On August 25, 2023, Avalanche ($AVAX) traded at $10.02. A week later, Avalanche ($AVAX) is trading at $9.89, losing 1.09%. Analysts say Avalanche ($AVAX) may experience an extended bear run in September due to an oversupply of tokens in the short term.
EOS ($EOS) Breaks into Asian Markets
The CEO of EOS ($EOS) Network Foundation, Yves La Rose, recently announced that EOS ($EOS) has gained regulatory approval to trade in Japan. This approval was granted by the Japan Virtual and Crypto Asset Exchange Association (JVCEA). As a result, EOS ($EOS) will start trading for the Japanese Yen on BitTrade by September 2023. La Rose said EOS ($EOS) will tap into the opportunities in the Asian GameFi space.
In addition, the EOS ($EOS) CEO also said, “The next wave of Web3 innovation will come in the form of blockchain-based gaming, and Asia is a leader in that space.” On August 25, EOS ($EOS) traded at $0.5858. EOS ($EOS) recorded 0.94% dip seven days after the token lost bullish momentum. Analysts say EOS ($EOS) is set to surge in Q4 2023 following its ecosystem expansion.
Domini ($DOMI) Rallies Toward Massive Price Surge in Q4 2023
Domini ($DOMI) is an innovative art marketplace using blockchain technology to make prestigious artworks accessible to regular art investors. On Domini ($DOMI), investors can own fractional shares in high-end blue-chip artworks and trade these shares on a robust marketplace. Artworks undergo rigorous authenticity checks before being stored in Domini’s ($DOMI) specialized vaults and tokenized as trending NFTs.
Historical data showed that a diversified art portfolio generates at least 7.6% ROI annually, thanks to a growing demand for high-end artworks. Domini ($DOMI) is in its presale beta stage, and the token is selling for $0.0021. When Domini ($DOMI) hits the mainstream market, it will sell for $0.0154 and deliver a 340% surge to early Domini ($DOMI) investors. Experts say Domini ($DOMI) is the best crypto investment in September 2023.
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