Some cryptocurrency analysts are already predicting the Domini.art ($DOMI) project has the potential to emerge as a top altcoin with some projections anticipating the project will enjoy 50x growth once launched. The Domini.art presale is turning into a rallying point for Binance Coin (BNB) and Litecoin (LTC) holders looking to earn back some of their losses caused by the recent crash. BNB prices have dropped over 20% in the past month, while Litecoin prices have dropped by over 25%.
Domini.art offers a solution-based decentralized project that strives to open up investment in prestigious art to regular people. The world’s elites have historically invested in art to diversify their investment portfolios and protect themselves against forces like inflation. On average, high-end art appreciates 7.6% annually.
Top altcoin Domini.art ($DOMI) prices expected to grow 50x after launch
Domini.art’s innovative solution has the potential to transform the art industry as it provides a unique investment opportunity that can earn substantial returns while increasing liquidity in art markets. The ecosystem is mutually beneficial for artists and investors.
Domini.art uses ERC20 coins, fractionalization, and some creative thinking to harness the full potential of non-fungible tokens.
Investing in art through the Domini.art blockchain
The biggest barrier that has historically prevented everyday people from investing in prestigious art is the high costs associated with them. The value of high-end art can be as high as a few hundred million dollars, which most people simply can’t afford.
The Domini.art project comes up with a solution to this problem by harnessing the power of non-fungible tokens (NFTs). These are ERC20 coins that cannot be replaced with anything else. Domini.art’s team curates high-end art with a history of appreciation and stores them in insured, secure vaults.
A non-fungible token of each artwork stored in the vault is made to serve as its digital version and it’s fractionalized into many smaller units. This allows investors to buy small portions of the non-fungible token of the original work and enjoy all the benefits that come with it. Investors get a share of any financial gains made from the original and the value of their NFTs appreciates proportionally with the value of the original piece.
Unlike many of the popular NFTs sold in the cryptocurrency space, the value of the ERC20 coins sold on the Domini.art marketplace is based on the value of the original artwork stored in an insured vault. These tokens simply denote each investor’s portion of the original work.
Binance Coin (BNB) prices close to 2022 lows
The Binance Coin enjoyed significant growth in early 2023 but a number of charges filed by the US Securities and Exchange Commission (SEC) snuffed out its momentum. $BNB prices have been trending downward since then and have reached a new low for the year.
“Mad Money” host Jim Cramer recently sent shockwaves in the cryptocurrency space when he revealed he was bullish on the Binance Exchange and the BNB token, praising how the Exchange and its CEO Changpeng “CZ” Zhao have handled their battle with the SEC. Some see that as a sign the inverse is about to occur, sometimes jokingly referred to as the “Cramer Effect” of markets doing the opposite of what the pundit predicts, as was the case with his predictions with FTX and Lehman Brothers, to name just a few. .
Litecoin (LTC) might have reached a new floor
Litecoin prices dropped significantly after the recent market crash, but prices have been stable for over a week as a new floor seems to be established. Data from IntoTheBlock reveals that $LTC holders have doubled within the last year, with over 2.5 million investors holding the tokens.
Litecoin’s trading volume has increased while prices shrunk and some analysts believe it’s poised for growth if the current floor holds. Some are picking LTC to break the $100 mark by the end of the year.
Summary
While Litecoin and Binance Coin prices have dropped significantly, Domini.art is poised to enjoy 4.4x growth during its presale alone. Some projections have prices rising 50x once $DOMI is made available on exchanges, as it emerges as a top altcoin.
For Info about $DOMI, visit the Domini.art presale or Join the Community
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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Source: thinkbitcoins