Shiba Inu ($SHIB) is by far one of the most popular and liquid meme coins after Dogecoin ($DOGE). However, prices of both tokens have been deteriorating in recent days, with $SHIB losing 4% in value over the past 14 days, and $DOGE a more modest 1.3% loss. This comes despite the launch of Shibarium – a highly anticipated layer-2 solution for Ethereum, forked from Polygon–an Ethereum sidechain.
Despite some significant troubles with the launch, Shibarium was eventually well-received and hundreds of thousands of addresses were created. Nonetheless, $SHIB prices reacted negatively, with bears seeing a sell opportunity. Prices tumbled and have yet to recover since. Meanwhile, Polygon supporters remain optimistic, despite current market instability and wider regulatory pressure.
With $SHIB and $MATIC facing their problems, attention has shifted to safer bets, such as top crypto coins. This is where savvy investors have been training their eyes on Domini.art ($DOMI). In the ongoing presale, $DOMI has seen tremendous success, with millions of tokens sold. This positivity is an endorsement of the project’s proposition, making it one of the best cryptos to buy and is a massive vote of confidence for the talented team who has been tirelessly working to realize the vision-mission of the project.
Shibarium Successfully Launched and Polygon Still Growing, So Why Are $SHIB and $MATIC Falling?
The strong growth of $DOMI amidst heavy selling pressure on $MATIC and $SHIB calls into question whether Shibarium and Polygon will be overshadowed by newer projects with more dynamic narratives.
Technically, Shibarium is a layer-2 solution meant to make Shiba Inu more efficient, and a “more serious” blockchain project, with a focus on gaming applications, decentralized finance (DeFi), and the metaverse. But just like its competitors, Shibarium aims to resolve scaling problems facing Ethereum and lower transaction fees. Whenever there is surging demand for Shiba Inu services, being an Ethereum-based project, gas fees tend to rise, and denting user experience.
Over time, once Shibarium finds adoption, analysts expect $SHIB to rise in tandem, even becoming a top ten cryptocurrency.
On the other hand, Polygon is connected to the Shibarium layer-2 since the platform is built using their code. In essence, Shiba Inu leveraged Polygon’s technology to boost its scalability and usability.
Beyond this, Polygon has been building and has spent resources developing its zkEVM, a more private scaling solution that is compatible with Ethereum. Six months after the zkEVM launched in March, Polygon has completed its first upgrade, Dragon Fruit upgrade. The update tags several enhancements, including integrating the latest Ethereum opcode.
Despite these two major upgrades for Shiba Inu and Polygon, $SHIB is down 35% from August highs while $MATIC is trending at around June lows, down 40% from July.
This state of affairs, diverging with fundamentals, explains the surging interest for high-performance tokens, of which $DOMI stands out.
Why Domini.art and $DOMI?
$DOMI powers the Domini.art platform, a blockchain-based solution aiming to change how retailers interact with timeless and premium art pieces that are usually a preserve for the rich. Using blockchain and non-fungible tokens (NFT), the protocol is set out in a way that anyone, regardless of their geographical location, can buy a fraction of any acquired piece from any artist, anywhere in the world, without limitations.
This freedom means not only can the investor/collector get access to premium and popular NFTs that they can track in real time, but can instantaneously diversify their crypto portfolios. The ability to do so is priceless, especially considering the stellar performance of some of the world’s art pieces over the past 23 years.
Through fractionalization and NFTs, Domini.art merges art and blockchain, empowering artists and presenting near-infinite opportunities for smart investors wishing to expand and grow their revenue. For what’s on the table, $DOMI is already fast-selling out in the presale.
In stage 1, $DOMI is available for $0.002625 and only 47 million tokens remain before prices increase to $0.00294—benefiting early adopters. Already, analysts expect $DOMI to gain 633% and this is not far-fetched since even the most conservative predictions place the token at $1 after launching.
The time for $SHIB and $MATIC holders to explore and rebalance their portfolios is now. $DOMI is an irresistible option that’s available at a huge discount in the ongoing presale. Already, astute investors who have picked value and know precisely what Domini.art creators aim to resolve are already fast accumulating before others jump in.