Stellar ($XLM) and Monero ($XMR) have been underwhelming recently, failing to register significant gains between August 14 to September 3. As these established cryptos falter, an innovative player, Domini ($DOMI), shows potential.
So let us delve into these developments: Which of the three is a good crypto to buy this August?
Stellar ($XLM) Introduces An Innovative Open-Source Payout Platform
Follow CryptoMode on Twitter, Youtube and TikTok for news updates! On August 16, 2023, an announcement was made by the Stellar Development Foundation (SDF). They reported that their Blockchain-oriented payment network, Stellar ($XLM), had launched a new platform. This new Stellar ($XLM) platform enables individuals and organizations to execute bulk disbursements using digital assets for various purposes, including gig worker payments and digital aid delivery.
On August 16, the value of Stellar ($XLM) stood at $0.12. However, 4 days later, on August 20, $XLM had risen to $0.13. This signified a recovery in the price of Stellar ($XLM) of 8.3%.
As of August 20, Stellar ($XLM) was seeing some recovery.However, by September 3, Stellar ($XLM) was trading at $0.12 again.
So now you know about Stellar’s ($XLM) current situation, let’s move on to another coin worth discussing, Monero ($XMR).
Monero ($XMR) is Bearish In the Aftermath of the SEC’s Crackdown
The SEC’s regulatory measures against privacy cryptocurrencies since June 5 propelled speculative assets such as Monero’s (XMR) price to descend. Alongside, potent rivals like Zcash (ZEC) are additional factors intensifying Monero’s (XMR) decline.
Because of these factors, Monero ($XMR) experienced a downturn from June 5 up to August 20. On June 5, the price of Monero ($XMR) was $148. The price of Monero ($XMR) on August 20 was $144. This indicates a decline of 2.7%.
However, the more recent price fall has been steeper than the overall decrease since June. Monero’s ($XMR) value was observed at $165 on July 20. However, by August 20, Monero’s ($XMR) price had decreased to $144, indicating a 12.7% decrease within a month.
Considering its recent losses, Monero ($XMR) may not be the best crypto to invest in. Analysts expect the price of Monero ($XMR) to decline again, thus indicating that the coin is still bearish.
Domini ($DOMI), on the other hand, seems to have a better outlook.
Domini ($DOMI) is Expected to Witness Over 3x Gain By the Completion of Its Presale
Domini ($DOMI) has been conceived as a bridge between the traditional art market and the universe of NFTs.
Domini ($DOMI), through the use of advanced technology, democratizes access to high-value art by utilizing tokenized portions of artworks. Domini ($DOMI) acquires these artworks and digitizes their ownership on the blockchain. This makes them available to potential buyers in the form of NFTs.
The Domini ($DOMI) marketplace functions as an online gallery, showcasing a curated collection of NFTs for interested investors. Owning Domini’s proprietary token, $DOMI, is a prerequisite for entry into the marketplace.
Moreover, Domini ($DOMI) token holders don’t just get entrance. They also enjoy exclusive privileges such as promotional pricing and personalized suggestions for investment opportunities.
Domini’s ($DOMI) USP ) might incite substantial interest as the presale progresses. During this presale phase, it is anticipated that Domini ($DOMI) will escalate in value from $0.0021 to $0.00924 , signifying a 4.4x increase.
Learn more about the Domini ($DOMI) presale here:
Presale: https://domini.art/
Telegram: https://t.me/DominiArt
Twitter: https://twitter.com/Dominigallery
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.
, through the use of advanced technology, democratizes access to high-value art by utilizing tokenized portions of artworks.){kind=link}