I'm hearing on Twitter that DYM won't be able to sustain this price and will likely dump to around $1.5 upon launch, and they are suggesting to short it on Aevo. What do y'all think?
No one knows what the price of the coin will be after its listing on a centralized exchange, but as a rule, sellers always believe that the current price is too low to sell)
I might have sold some of my coins to DYM, but I didn't figure it out how to sell something on Aevo that doesn't exist yet. Everything is much easier done on the OTC market KuCoin.
You can speculate asset price on Aevo by longing or shorting it without actually owning the asset while on Kucoin OTC it appears you trade real tokens there.
I'll say the, guys at Twitter want you to dump early so they could buy in cheap at a huge bargain.
And with the meta for airdrop farming going towards TIA, DYM and other Cosmos based projects, I think the price could only increase for this year and the next. Imagine how much airdrops are given away to DYM stakers when rollapp projects start getting launched with Dymension at the back end. Oof, don't make the mistake of dumping your tokens. Just stake them and if the price does go down, buy and add more.
Yea, I'm not dumping, may sell some of it to get back to $TIA tho depends on what price $DYM trades on, there is speculation about $AVAIL being airdropped to both $TIA and $DYM stakers.