Domini.art ($DOMI), Solana ($SOL), and XRP ($XRP) are three of the top altcoins to invest in this year. All three have the potential to experience sizable growth in the next few years thanks to the unique solutions they bring to the crypto market.
Domini.art takes on the high-price tags associated with the most prestigious artworks with ERC20 coins and fractionalization so regular people can purchase small portions of them. It widens the reach of art markets while allowing investors with regular pockets to enjoy the rewards that come with investing in art.
Solana operates an open-source platform that harnesses blockchain technology to provide decentralized financial (DeFi) services. Its protocol allows for the creation and deployment of decentralized applications. Ripple
Labs provides an open-source decentralized ledger that delivers near-instant transactions and low fees. It also hosts a decentralized exchange. Ripple Labs is currently locked in a legal battle with the US Securities and Exchanges Commission (SEC), but $XRP prices will likely skyrocket once its legal issues have been addressed.
Top altcoins to invest in: Crypto enthusiasts flock to Domini.art presale for 340% profits
Domini.art capitalizes on the functionality of ERC20 coins and smart contracts to construct a crowdfunding protocol that allows regular people to invest in high-end artworks that cost millions of dollars.
Why invest in art?
Because it’s one of the ways the world’s top 1% get richer. High-end artworks historically appreciate over time and some of the most popular pieces earn investors exponential profits. For example, Russian billionaire Dmitry Rybolovlev bought Leonardo Da Vinci’s Salvator Mundi for $127.5 million and sold it for $450.3 million in 2017 after owning it for only a few years.
As lucrative as art investments can be, the average person doesn’t have a few hundred million dollars sitting in their bank accounts. This has historically denied them the opportunity to earn profits by investing in high-end art while the rich get richer. Blue-chip artworks have an average return of 7.6% yearly, outperforming the FTSE 100 and S&P 500.
Domini.art takes on this problem head-on by creating a protocol that allows investors to buy small fractions of high-end art and enjoy the proportional gains that come with it.
Merging art markets with blockchain technology
The Domini.art process starts with its team of art specialists searching all over the globe for high-end art, covering a diverse range of periods and styles. Blue-chip works with a history of appreciation are bought and secured in an insured vault.
A unique, non-fungible ERC20 coin is made for each artwork stored in the vault. The token shares the value of the original work and it’s fractionalized into small pieces so investors can invest as little or as much as they want. The non-fungible token made for each artwork appreciates as it does and investors are entitled to a proportional share of all finance gains made from the original. Their NFTs denote the percentage of the original piece they own.
Purchases in the Domini.art NFT marketplace are made with $DOMI and the value of tokens can be monitored through an investor’s Domini.art account.
Ripple’s legal issues still hampering growth
$XRP prices soared after its court victory against the US Securities and Exchanges Commission, but they’re now back to where they were before the favorable ruling, partly due to the SEC’s decision to appeal. This creates uncertainty in the platform’s future and has slowed down its mainstream adoption in the U.S. The platform continues to make waves in other parts of the world, recently partnering with SBI Remit in Asia.
$SOL finds new bottom
Solana prices have dropped by over 20% in the past month, but a new resistance level has emerged at the $19.5 mark. It’s one of the top defi projects in the cryptocurrency space and prices will likely continue an upward trajectory as crypto markets rebound.
Solana hosts a high-performance, interoperable blockchain that’s built for mass adoption. It’s open-source protocol has various uses including NFT creation, gaming, and decentralized finance.
Solana, $XRP, and Domini.art are three of the top altcoins to invest in this year with the potential to enjoy substantial gains in the next few years. Domini.art has the most growth potential out of the trio thanks to its creative way of making high-end art investments more affordable.
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