Chainlink (LINK) saw moderate gains in late August, while Ethereum (ETH) fell. Meanwhile, DOMI, currently in its pre-sale beta phase, has been widely scouted by investors.

Chainlink maintains its bullish outlook after the SWIFT collaboration

On August 31, SWIFT announced that it had successfully transferred tokenized assets between public and private blockchains.

In this experiment, SWIFT collaborated with Chainlink and major financial institutions such as BNY Mellon and ANZ.

Analysts saw this news as positive and believe it will boost LINK in the upcoming sessions. However, LINK added 1.2%, rising from $5.94 to $6.01 between August 31 and September 1. This raised the token’s market cap marginally from $3.20 billion to $3.23 billion.

As of September 1, 2023, the monthly indicators, especially the MACD and the 10 simple moving average, remain bearish. As such, LINK is likely to post more losses in the coming days.

Ethereum falls after Bitwise announcement

On August 31, 2023, Bitwise unexpectedly withdrew an exchange-traded fund (ETF)’s application to acquire Bitcoin (BTC) and Ethereum (ETH) from the Securities and Exchange Commission (SEC). This withdrawal was a few days after Grayscale’s victory over the agency.

With this, experts expect ETH to record more losses in the upcoming sessions. As it stands, the coin fell 3.6% from $1,706 to $1,645 between August 31 and September 1. The downturn also caused Ethereum’s market capitalization to shrink by 3.4% from $205 billion to $198 billion over the same time.

Although the outlook for Ethereum remains bearish, investors are optimistic about the potential for a rally in the near future.

As of September 1, 2023, the monthly technical indicators for Ethereum have been bullish. Specifically, the EMA 50 and SMA 50 levels of the currency indicate buying pressure in the coming days.

While ETH is struggling to contain the bears, Domini is flat and buyers are looking into it.

Domini Group to gain more pre-sale gains

Domini blends art with innovation and aims to bridge the gap between the traditional art market and blockchain technology. The platform leverages solutions such as retail to expand investors’ access to reputable artworks.

Domini gives investors access to affordable artwork by owning a portion of the fine art pieces. It not only offers investment options, but also advisory services. They perform comprehensive market analysis to provide artists with personal advice on promising NFT investments. Domini tokenizes artworks to gain investor confidence and can provide additional benefits to token holders.

DOMI, Domini’s native ERC-20 token, has a deflationary feature that can help preserve its value by gradually reducing the total supply. Moreover, its holders have the option to trade NFTs backed by art. Dominy offers diverse opportunities, and analysts are optimistic about his potential during the pre-sale phase.

As of September 1, 2023, Domini is in pre-sale beta. In the first stage of the public pre-sale, DOMI will be available for $0.0026, up from $0.0021 to $0.0026, an increase of 23.8%.

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