Topic: This Blockchain Seems Promising and has an Emerging Coin to Watch (Read 79 times)
The hype is because of the airdrop news, main net launch, and listing. Till the 4th of this month, it was in the red zone and now it is pumping. I do not think it is the right time to take a position when it is pumping. I think it is better to wait for a few days and let the initial pump dry down if anyone is planning to invest in the token. It is a good project and it should gain at least 2x in the bull market as long its ecosystem grows the token will continue to deliver profits to its investors.
February 09, 2024, 01:48:46 AM
Yes DYM was another huge drop to the Celestia community which took many people unaware. I feel a bit sad that I miss the opportunity to earn free dym like many people. And the surprising aspect is how the price has been very steady since the launch date.
Like the OP pointed out, this is the period of interoperability is here and many similar projects will show up.
DYM, TIA and ATOM stakers will benefit a great deal moving forward because projects from these chains will want to airdrop to stakers of these coins just like what dym did with tia stakers.
Like the OP pointed out, this is the period of interoperability is here and many similar projects will show up.
DYM, TIA and ATOM stakers will benefit a great deal moving forward because projects from these chains will want to airdrop to stakers of these coins just like what dym did with tia stakers.
This dym project is getting quite the hype in this thread, I've looked it up and I think that it can have some potentials for it's investors, we'll just have to wait and see how it goes for them. I also missed out on it's airdrop, but no regrets for me because I'm all out exclusively for Bitcoin, in this coming bull run.
February 08, 2024, 05:02:04 PM
Dymension is riding on the Celestia / Modular blockchain hype. Every bull run will have its own narrative and for this bull run, the narrative seems to ne modular blockchains / Data Availability Infrastructure/Service and finally AI. Luckily Dymension meets 2/3 of those narratives and the team was very smart with the amount of tokens aka circulating supply they let on in the first day of trading. This was enough to hype it up to the price it currently is.
Some final thoughts for now: DYM and TIA will run hand in hand this bull run and might be some of the very few tokens that will ne quick to reclaim recent highs whenever a dip comes. For instance, when BTC was down to $38K, TIA touched $13 yet, it has achieved another all time high today.
Some final thoughts for now: DYM and TIA will run hand in hand this bull run and might be some of the very few tokens that will ne quick to reclaim recent highs whenever a dip comes. For instance, when BTC was down to $38K, TIA touched $13 yet, it has achieved another all time high today.
February 08, 2024, 04:02:58 PM
Yes DYM was another huge drop to the Celestia community which took many people unaware. I feel a bit sad that I miss the opportunity to earn free dym like many people. And the surprising aspect is how the price has been very steady since the launch date.
Like the OP pointed out, this is the period of interoperability is here and many similar projects will show up.
DYM, TIA and ATOM stakers will benefit a great deal moving forward because projects from these chains will want to airdrop to stakers of these coins just like what dym did with tia stakers.
Like the OP pointed out, this is the period of interoperability is here and many similar projects will show up.
DYM, TIA and ATOM stakers will benefit a great deal moving forward because projects from these chains will want to airdrop to stakers of these coins just like what dym did with tia stakers.
February 08, 2024, 03:16:16 PM
Thanks for this piece of information.
Dymension has been increasing in demand, no surprise its price also increased within the last few days. Probably carry out my research, and watch the market though. You'd never know what can happen in the industry, but regardless an opportunities this shouldn't be taken for granted.
Dymension has been increasing in demand, no surprise its price also increased within the last few days. Probably carry out my research, and watch the market though. You'd never know what can happen in the industry, but regardless an opportunities this shouldn't be taken for granted.
February 08, 2024, 02:28:18 AM
Thank you for this write-up. I saw this $DYM listed on Binance about 2/3 days ago but I never took it seriously because I didn't know the project and Binance has been listing too many recently
My instinct told me to buy it based on how it behaved with the daily chart candlesticks, I hardly see coins/tokens behave like that. I must say that it was a miss because if I had bought it, I would have gained almost x2.7 by now, it really aligned at the time that I saw it and has moved upwards significantly after then.
I never knew this was a coin though, I thought it was a token, and based on how tokens are being flooded to exchanges, I never had that too much interest. Well, as it is now, I will be monitoring it better, but I would like it if it could retrace before I can pump it. A project with its own blockchain should not be taken for granted this present season.
My instinct told me to buy it based on how it behaved with the daily chart candlesticks, I hardly see coins/tokens behave like that. I must say that it was a miss because if I had bought it, I would have gained almost x2.7 by now, it really aligned at the time that I saw it and has moved upwards significantly after then.
I never knew this was a coin though, I thought it was a token, and based on how tokens are being flooded to exchanges, I never had that too much interest. Well, as it is now, I will be monitoring it better, but I would like it if it could retrace before I can pump it. A project with its own blockchain should not be taken for granted this present season.
February 07, 2024, 08:58:40 AM
Recently, I saw $DYM trending on CoinGecko. Then, I decided to conduct some research, and based on my findings, it appears that Dymension Blockchain is positioned for massive growth.. In addition to being a platform designed as a settlement layer for launching rollups within Cosmos, it also aims to standardize rollups using the IBC protocol, similar to how ERC standardized tokens on Ethereum. This interoperability will likely bring huge potential.
They recently airdropped 70 million $DYM tokens, approximately 7% of the total supply, to its community. This is a large amount but unlikely to significantly affect the project.
Based on my experience with the Celestia $TIA airdrop, I expect DYM to increase at least 2x from its current price.
This is because it facilitates asset transfers between Cosmos and Ethereum, allowing Ethereum dApps to use Cosmos' low fees. The EVM support also eases migration.
As interoperability gains traction in 2023, I think this blockchain can accelerate crypto by enabling seamless multi-chain applications. With the airdrop and this will help it gain more support over time.
I'm considering investing in this project and would welcome others' thoughts. But overall, th :ois Blockchain seems well-positioned for massive growth.
They recently airdropped 70 million $DYM tokens, approximately 7% of the total supply, to its community. This is a large amount but unlikely to significantly affect the project.
Based on my experience with the Celestia $TIA airdrop, I expect DYM to increase at least 2x from its current price.
This is because it facilitates asset transfers between Cosmos and Ethereum, allowing Ethereum dApps to use Cosmos' low fees. The EVM support also eases migration.
As interoperability gains traction in 2023, I think this blockchain can accelerate crypto by enabling seamless multi-chain applications. With the airdrop and this will help it gain more support over time.
I'm considering investing in this project and would welcome others' thoughts. But overall, th :ois Blockchain seems well-positioned for massive growth.
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