Even though crypto projects want to leverage Monero’s ($XMR) security features on their platform, the token is still bearish in Q3 2023. Also, Optimism (OP) went bearish despite improved KPIs in over the last couple of months. On the other hand, investors recently caught wind of the best crypto to buy in 2023: Domini ($DOMI) is a hot new crypto token looking to combine blockchain technology and art investment. Find out what makes Domini ($DOMI) unique!
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Monero ($XMR): Crypto Industry Seeks Out Privacy Architecture
Recently, an open-source Bitcoin wallet known as Samourai Wallet announced that it is working on implementing atomic swaps between Bitcoin ($BTC) and Monero ($XMR). According to Samourai, this Monero ($XMR) integration will help to enhance privacy for its users. Monero ($XMR) is a privacy-based cryptocurrency that appeals to the web3 industry.
In recent years, the United States Internal Revenue Service attempted to track Monero’s ($XMR) transactions. The IRS hired companies like Chainalysis and Integra FEC LLC to crack Monero’s ($XMR) code. However, Monero’s ($XMR) privacy features have proven too strong for exploits.
Despite this renewed interest in Monero’s ($XMR) utility, the token lost 5.07% last month. Monero ($XMR) traded at $163 on July 16. Monero ($XMR) is trading at $138 on August 24, 2023. Analysts say Monero ($XMR) will remain bearish until a significant market move reverses the trend. Right now, investors are diversifying to other top crypto coins.
Optimism (OP) Goes Bearish in Q3 2023
Recently, data from IntoTheBlock analytics firm revealed that the total number of Optimism (OP) addresses in profit fell to 29.27% in Q2 2023. According to the report, 418,300 Optimism (OP) wallets recorded losses, while 178,820 Optimism (OP) wallets were profitable.
On the other hand, Optimism’s (OP) daily transactions surged during this period. According to reports from Dune Analytics, Optimism (OP) daily users increased from 277,000 to 944,000 between June and July 2023.
Optimism (OP) stayed bearish despite these ecosystem developments in Q3 2023. Last month, Optimism (OP) traded at $1.68 on July 16. Optimism (OP) is trading for $1.48 on August 15 after losing 12.09%. Analysts say Optimism (OP) will surge when the mood in the crypto market turns positive. However, at the moment, the best new crypto to invest in is Domini ($DOMI).
Domini ($DOMI) Prepares to Take the Crypto Market by Storm
Domini ($DOMI) is a new decentralized art marketplace that combines the traditional art market with blockchain technology to deliver innovative methods of art investment. On Domini ($DOMI), anyone can own fractional shares of prestigious artworks by purchasing tokenized NFTs. This process allows for accessibility and transparency in the art market.
As a Domini ($DOMI) token holder, you can access multiple platform benefits. You get priority access to new blue-chip artworks, enhanced customer support, expert investment guidance, special discounts on trading costs, transaction fees, and platform services. Domini ($DOMI) holders also get exclusive invitations to worldwide art-related events.
Savvy investors are buying Domini ($DOMI) in its early stages. When Domini ($DOMI) launches its first presale stage, the token will sell for $0.0035. After all presale stages conclude, Domini ($DOMI) will list on major crypto exchanges and sell for $0.0154. This price action will deliver a massive 340% ROI to early investors.
For Info about $DOMI, visit the Domini presale or Join the Community
Source: https://www.analyticsinsight.net/monero-and-optimism-drop-in-value-is-this-market-newcomer-the-new-safe-haven-for-investors/