Solana Projects Shuttered
On August 27, 2023, Clockwork founder Nick Garfield announced that the Solana-based project is shutting down operations. Clockwork was a smart contract automation startup meant to facilitate payroll payments. The closure adds to a growing list of Solana closures, including Friktion, Everlend Finance, and NFT protocol Cardinal. Experts speculated that this news might adversely affect the price of Solana ($SOL) by further tanking investor confidence in the coin. But those speculations proved false.
Between August 27 and 31, 2023, Solana’s price remained stagnant, hovering over the $20.74 mark. Meanwhile, $SOL market cap rose slightly by 1.2% from $8.4 billion to $8.5 billion during the same time. Investors might attribute Solana’s recent surge in market cap to overall positive crypto sentiment following Grayscale’s lawsuit victory against the SEC on August 29, 2023.
Solana also displayed potential for recovery. As of August 31, Solana’s Momentum 10 levels were positive, signaling the potential for bullish movement in the coming days.
Does Polygon exhibit a similar scenario? Let’s find out.
On August 29, 2023, Polygon released a Chain Development Kit for ZK-powered networks on Ethereum. Experts predicted that this news might cause a bullish movement for $MATIC by increasing confidence in the future of Polygon’s ecosystem.
Following these predictions, between August 29 and 31, 2023, $MATIC surged by 3.2% from $0.559 to $0.577. This uptrend was followed by a similar 3.8% increase in market cap from $5.2 billion to $5.4 billion during the same time.
Yet despite experiencing a substantial market cap and price increase, Polygon still displayed signs of potential bearish movement. As of August 31, $MATIC’s VWMA 20 and HMA 9 levels signaled a sell position. Experts view this as an indication that the coin might depreciate in the coming days.
Domini ($DOMI) Set to Grow Exponentially During Presale
Domini ($DOMI) is an innovative art marketplace democratizing access to blue-chip art by using fractionalization. Through fractional ownership of artworks, Domini ($DOMI) offers investors substantial returns and broader accessibility to opulent artworks. In addition to this, Domini ($DOMI) also offers consultancy services to its users.
The platform does in-depth market analysis to provide expert guidance to both artists and investors. Domini ($DOMI) uses this research to provide investors with personalized recommendations on the top NFTs to buy.
Besides offering advisory services, Domini ($DOMI) ensures investors’ security through proactive risk management and by implementing comprehensive insurance. You can also get additional perks if you are a Domini ($DOMI) token holder.
Domini ($DOMI) incentivizes its investors by offering special discounts on their transactions and trading fees. Additionally, $DOMI holders enjoy priority invites to exclusive art-related events and exhibitions where they network with artists and industry professionals. Apart from offering enticing perks to its users, the platform is expected to deliver massive gains during its presale, making it a good crypto to buy.
If you invest in Domini ($DOMI) now, you will benefit from a 340% surge from $0.0035 to $0.0154 during the presale alone. Plus, if you act promptly, you can avail a 10% bonus on Domini ($DOMI) tokens by using the promo code “DOMI10”.