Filecoin ($FIL) struggled to gain momentum as it continued its bearish rally that started around July 15. Avalanche ($AVAX) followed a similar trajectory with a substantial decline. On the flip side, Domini ($DOMI) is set to explode in value as its presale continues.
But before we discuss Domini’s ($DOMI) upcoming upsurge, let’s take a closer look at the current dynamics of Filecoin ($FIL) and Avalanche ($AVAX) to decide the best coins to invest in.
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Filecoin ($FIL) Struggles Amidst Legal Battle
A month later, Filecoin’s ($FIL) EMA 30 and SMA 30 signaled the potential for bullish movement.
However, despite the positive indicators, Filecoin ($FIL) struggled to gain traction. On August 14, the local Pingnan county court unveiled that Shikongyun, a prominent Filecoin ($FIL) enterprise, would be put on trial for leading a pyramid scheme. Following this news, Filecoin’s ($FIL) dropped by 0.5% from $4.052 to $4.030 between August 14 and August 15 by September 2nd, the drop worsened to 23.80% with Filecoin ($FIL) trading at $3.20. This declining price action was accompanied by a drastic drop in market cap, from $1.81 billion to $1.42 billion by September 2nd, a drop of 21.5%.
This recent drop can be attributed to fading investor confidence in Filecoin ($FIL). Moreover, as of September, , Filecoin’s ($FIL) MACD and Momentum 10 levels entered a bearish trend that will likely persist. Therefore investors may want to avoid Filecoin ($FIL) until an uptrend is confirmed.
Let’s see if Avalanche ($AVAX) presents a similar scenario.
Avalanche ($AVAX) Also Fails to Impress Investors
On August 8, Circle announced the launch of its programmable wallets on Avalanche ($AVAX), Ethereum, and Polygon. This will allow businesses to accept digital asset payments from their customers. This news should benefit Avalanche ($AVAX) in the long run by increasing its user base and investors’ confidence.
However, despite the positive news, Avalanche ($AVAX) experienced a notable price drop, falling by 1% from $12.40 to $12.27 between August 8 and August 15, after a brief recovery, the price fell again to $9.86 as of the beginning of September. Avalanche’s ($AVAX) downward price movement was accompanied by a significant dip in market cap from $4.30 billion at the beginning of August to $3.49 billion at the beginning of September, representing a 18.8% dip during the same time. This negative price movement can be attributed to ongoing market volatility and rising competition between top altcoins.
Besides the recent negative price movement, as of September, Avalanche’s ($AVAX) SMA 50 and EMA 100 indicate considerable bearish movement. Therefore investors may want to avoid Avalanche ($AVAX) till it shows signs of recovery.
Instead, they should consider Domini ($DOMI), which is set to grow tremendously.
Domini ($DOMI) Expects Massive Gains Following its Presale
Domini ($DOMI) is an avant-garde art marketplace bridging the gap between traditional investment and technological innovation.
Basically, Domini ($DOMI) is reimagining investing in high-end blue-chip art by allowing users to benefit from fractional investments. The marketplace enables investors to become shareholders in unique artworks by doing so. Domini democratizes the art investment industry by tokenizing each artwork as an NFT.
Besides offering investment opportunities, Domini ($DOMI) offers professional guidance to investors, such as comprehensive market research and recommendations regarding the best NFT to buy. Domini ($DOMI) offers maximum transparency and security to its investors through proactive risk management and extensive insurance.
Additionally, users can also put down their ownership stakes for sale. Domini’s marketplace guarantees liquidity and transparency by implementing meticulous artwork authenticity checks. Moreover, users who invest the $DOMI token get access to exclusive benefits. Besides profiting from the token’s appreciation, investors gain access to the latest blue-chip artworks and exclusive investment opportunities.
Domini ($DOMI) is reshaping the art investment landscape through innovation. Additionally, if you invest in $DOMI now, you will benefit from a 340% surge from $0.0021 to $0.0154 during the ongoing presale alone.
Learn more about the Domini ($DOMI) presale here:
Buy Presale: https://domini.art/
Telegram: https://t.me/DominiArt
Twitter: https://twitter.com/Dominigallery
Source: https://www.analyticsinsight.net/decentraland-and-curve-dao-stumble-is-domini-the-next-coin-to-sky-rocket/