Uniswap ($UNI) recently fired one of its top developers after an alleged rug pull scam. This information triggered a sell-off, and Uniswap ($UNI) went bearish in August. Similarly, Avalanche ($AVAX) went bearish in the same period. Investors believe the best crypto investment is Domini.art ($DOMI). Domini.art ($DOMI) aims to democratize art investment and offer incredible utilities to users. Let’s delve into the specifics of this new token!
What you'll learn 👉
Uniswap (UNI) Fires Top Developer
On August 12, 2023, Uniswap ($UNI) founder Hayden Adams announced that the DEX had fired Allen Lin, a prominent Uniswap ($UNI) developer. Reports say Allen Lin planned a rug pull hours after listing the FrensTech meme coin on Uniswap. This rug pull saw investors lose $25,000, and Hayden took to X (formerly Twitter), saying, ‘Wanted to let people know this person is no longer with Uniswap ($UNI). Not behavior we support or condone.’
Allen Lin later admitted to creating and deploying the beginner cryptocurrency on Uniswap ($UNI). However, the developer said he did not carry out a rug pull. As a result of this rug pull and negative publicity, Uniswap ($UNI) lost 20.54% in a week. On August 13, Uniswap ($UNI) traded at $6.16. Uniswap ($UNI) was trading at $4.89 on August 20, 2023. Analysts say Uniswap ($UNI) would stay bearish for the rest of the month. There was hope that September would usher in a boost for Uniswap ($UNI) however, it fell further to $4.43 as of September 3.
Avalanche (AVAX) Goes Bearish in August 2023
In mid August, Dexalot, a decentralized exchange, secured $3 million from the Avalanche ($AVAX) Foundation. Dexalot is an on-chain central limit order book (CLOB) DEX operating on a unique Avalanche ($AVAX) subnet. Avalanche ($AVAX) Foundation will disperse the funds over the next year using Dexalot’s established incentive program. Dexalot allows traders to trade at specific price points, which puts it ahead of other DEXs.
Despite this Avalanche ($AVAX) ecosystem expansion, Avalanche ($AVAX) recorded a bearish price movement in August. It was trading at $12.34. In less than a week, Avalanche ($AVAX) lost 11.92% and the token is selling for $10.87 on August 20. Like Uniswap, there was hope that Avalanche ($AVAX) might enjoy an upswing in September, but this looks unlikely as of September 8 with $AVAX trading at $9.89.
Domini.art ($DOMI) Promises Massive ROI to Early Investors
Domini.art ($DOMI) is an innovative art marketplace that delivers the added advantages of blockchain to the art investment space. Domini.art ($DOMI) holders can own fractionalized investment in blue-chip artworks through blockchain technology. Art investors can buy shares in prestigious artworks to build diversified portfolios. Domini.art ($DOMI) ensures transparency and increased liquidity for the art market.
To make trading easier, Domini.art ($DOMI) turns artworks into tokenized trending NFTs to enhance trust. According to reports, Domini.art ($DOMI) has just entered its beta presale stage presale stage, and the token will sell for $0.0021. After all presale stages conclude, Domini.art ($DOMI) will hit the mainstream crypto market and list on major crypto exchanges for $0.0154. At this stage, Early Domini.art ($DOMI) investors will see a massive surge in the value of their tokens.
For Info about $DOMI, visit the Domini.art presale or Join the Community
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