Domini.art ($DOMI) has emerged as one of the top DeFi projects launched in 2023 as its presale brings in cryptocurrency whales thanks to the 440% price growth it offers. Domini.art also provides a solution to one of the biggest problems facing high-end art markets: low liquidity due to most people not being able to afford the prices of prestigious art.
Litecoin ($LTC) prices dropped by over 50% in July as bearish sentiments overwhelmed the cryptocurrency space, but prices have grown by over 11% in the past seven days. Litecoin prices are still about half of what they were in July, so prices could easily surge 2x as bullish pendant patterns emerge.
Top DeFi project Domini.art ($DOMI) poised for 34x growth
Domini.art is a decentralized finance project that opens up high-end art investments to those who don’t have millions of dollars to invest in blue-chip art. It uses non-fungible tokens (NFTs), smart contracts, and fractionalization to create an ecosystem investors can use to buy small portions of artworks that cost more than most people can afford.
Domini.art is one of the coolest NFT projects launched this year and some analysts anticipate $DOMI prices rise by up to 34x once the presale is finished and tokens are available on popular exchanges.
High-end art provides increased diversity and stability to an investor’s portfolio as its returns are not highly dependent on financial markets. High-end art appreciates at a 7.6% yearly rate, significantly outperforming the FTSE 100 and S&P 500 indexes over the past 23 years.
Some wealthy investors have also walked away with considerable returns by buying and reselling high-end art, sometimes in less than a year as was the case with Yves Bouvier, who purchased Leonardo da Vinci’s Salvatore Mundi for $75 million in 2013 and sold it for $127 million before the year was over.
Opening up high-end art markets
Domini.art makes prestigious art more affordable by allowing investors to buy small fractions of NFTs made for original art stored in an insured vault. The process begins when Domini.art’s art experts buy diverse artworks with a history of price appreciation and send them to an insured vault.
An NFT of each artwork stored in a vault is made and fractionalized into thousands of pieces. Each NFT shares the value of the original value of the artwork it represents and appreciates accordingly. Investors buy small portions of these ERC20 coins and enjoy a proportional share of all profits made on the original.
For example, let’s say Yves Bouvier worked for Domini.art when he purchased Salvatore Mundi for $75 million. The original would be sent to a vault and a unique non-fungible token would be made for it. The complete NFT would be worth $75 million just like the original. The NFT is then fractionalized so investors can buy more affordable shares. For clarity’s sake, let’s say there was an investor who bought half of the shares for $37.5 million on Domini.art’s NFT marketplace, that investor would be entitled to approximately half of the $52 million profit that was earned when the painting was sold for $127 million.
Litecoin’s ($LTC) current bull run could lead to over 200% growth
$LTC has seen over 11% growth in the past week as its market indicators take a bullish turn. Its relative strength index has risen to 50 after being oversold for most of the year. LTC’s climbing RSI is a sign of bulls building momentum and a pennant chart pattern has formed between its support and resistance levels. $LTC prices could easily double in the next few weeks as it returns to July highs.
Summary
$DOMI and $LTC are two of the top crypto coins to invest in right now as both are poised to enjoy substantial growth. $DOMI investors can expect to see their investments grow by up to 440% during the event and up to 3,400% once tokens hit exchanges.
Learn more about $DOMI here:
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