Large $SHIB, $PEPE, and $DOGE Transfers Spook Markets, While $DOMI Predicted to Surge

All of the top meme coins, including Shiba Inu ($SHIB), Pepe ($PEPE), and Dogecoin ($DOGE), have been struggling since the beginning of September. While these established projects suffer, investors may look towards innovative projects like Domini.art ($DOMI) as alternative investment options. 

But before we talk about what Domini.art is and why it might be a good crypto to buy, let’s take a look at why Shiba Inu , Pepe, and Dogecoin are losing momentum.

Shiba Inu Fails to Reverse Bearish Momentum As Burn Rate Increases

Around September 6 of this year, Shiba Inu’s burn rate increased by more than 800%. This move should help increase $SHIB value by decreasing the overall supply. 

Following the development, $SHIB price increased from $0.000007545 on September 6 to $0.000007372 on September 11, a minor 2.29% increase. Experts may attribute this resistance to a price increase to the market’s bearish sentiment.

Furthermore, Shiba Inu’s moving averages are looking negative. This indicates that $SHIB might witness some bearish action in the upcoming days. 

So, with Shiba Inu struggling to turn things around, is Pepe ($PEPE) the top crypto to buy?

PEPE’s Losses Continue After Rug Pull Allegations

On August 24, developers from the Pepe team withdrew around $16 million worth of $PEPE from the platform’s multi-sig wallet. This withdrawal was not properly authorized, and many of these coins found their way to exchanges like Binance and OKX. 

The sudden increase in $PEPE’s supply and the nature of the transaction severely hurt Pepe’s market sentiment. From $0.0000009255 on August 24 to $0.0000007092 on September 11, $PEPE lost around 23% of its value. 

And Pepe’s bear run may not be over just yet. The technical indicators for Pepe, including both the oscillators and moving averages, indicate that it still has more downside potential. 

While both Shiba Inu and Pepe struggle, is the de facto king of meme coins, Dogecoin, faring any better? 

$DOGE Price Falls Despite Robinhood Listing 

On August 30, Robinhood listed $DOGE to its list of its supported wallet currencies. This allows Dogecoin users to send and receive $DOGE on the Robinhood platform. 

Yet despite the positive development, Dogecoin fell from $0.06501 on August 30 to $0.06138 on September 11, marking a 5.58% decrease. Experts may attribute this fall to the recent revelations about Elon Musk’s involvement in the ongoing Russia-Ukraine war. 

Elon Musk has been Dogecoin’s most prominent supporter in recent years. And Dogecoin ($DOGE) may fall further in the coming days as these revelations develop.

So, with all meme coins going through a rough patch, is Domini.art ($DOMI) the way to go?

Domini.art ($DOMI) Promises Investors Huge Presale Returns 

Domini.art ($DOMI) is connecting the world of traditional art markets to the innovative world of blockchain. Rather than sticking with the legacy model of physical art and walled gardens around blue-chip art, Domini.art ($DOMI) uses digital assets and new ways to make high-end art affordable. 

So, how does Domini.art do it? Well, first, Domini.art secures the best artworks from bonafide vendors and stores them in high-security vaults. These assets are then digitized on the blockchain and converted into NFTs to buy. 

The assets are then split into many fractions. This way, a group of people on Domini.art with limited capital can own an asset collectively rather than one person with larger capital access owning it individually. Using this method, the Domini.art marketplace allows investors to develop diverse and liquid art portfolios. 

Domini.art’s real-world impact should help it grow tremendously in the long term. But Domini.art investors should also enjoy short-term gains. Between Domini.art’s current price of $0.0021 and its eventual launch price of $0.0154, investors can enjoy a massive 633% gain.

For Info about $DOMI, visit the Domini.art presale or Join the Community

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