The $MATIC Downtrend
On August 31, Polygon announced the zkEVM mainnet beta’s first major upgrade, Dragon Fruit. Market experts anticipated this news to boost investor confidence and the utility of $MATIC, potentially leading to price gains.
However, despite these positive expectations, $MATIC failed to realize the projected gains. Between August 31 and September 11, $MATIC’s value declined by 12%, dropping from $0.576 to $0.507. This downturn could be attributed to the overall negative sentiment in the crypto market, influenced by factors such as the SEC’s delay in deciding on Bitcoin and Ethereum ETFs and increased competition among top altcoins.
Despite this recent decline, analysts remain cautiously optimistic about $MATIC’s future. As of September 11, several monthly indicators for Polygon suggest potential bullish movements in the days ahead.
The $SOL Bearish Movement
On August 27, 2023, Nick Garfield announced the closure of Clockwork, an automation startup built on the Solana blockchain. This announcement triggered concerns among investors, as it was expected to reduce interest in Solana ($SOL).
These concerns materialized as $SOL’s value plummeted by 13.5% between August 27 and September 11, declining from $20.52 to $17.75. Increased market volatility and negative news surrounding Solana played a role in this downward movement.
Despite this bearish trend, analysts maintain a positive outlook for Solana ($SOL). As of September 11, 2023, certain monthly indicators suggest a “Buy” position, indicating the potential for a bullish reversal in the near future.
The Rise of $DOMI
Amidst the fluctuations in $SOL and $MATIC, Domini.art ($DOMI) emerges as an intriguing option, particularly for newcomers to the crypto space.
Domini.art operates as an innovative art marketplace, making high-end blue-chip art accessible through fractionalization. Investors can enjoy significant returns with minimal risks by owning fractions of prestigious artworks. Domini.art prioritizes security, tokenizing user artworks into trending NFTs and maintaining immutable ownership records. Additionally, they ensure the safety of artworks through dedicated storage facilities and proactive risk management.
- Investors holding $DOMI tokens receive special discounts on transaction and trading fees.
- $DOMI holders also gain priority invitations to exclusive art openings and networking opportunities with industry professionals.
Furthermore, Domini.art is currently in the Beta Stage of its presale. By investing in $DOMI now, you can potentially benefit from a 25% increase in value, going from $0.0021 to $0.002625 when $DOMI progresses to the next stage of its presale. To maximize your investment returns, don’t forget to use the code “DOMI10” to claim a 10% bonus!