Author Topic: Why is DYM token rallying? (Read 212 times)

XTRAVAGANGA · « **on:** February 07, 2024, 04:42:58 PM »

Dymension is a home for easily deployable and lightning-fast app-chains called RollApps which allows one to easily deploy own consensus-free blockchain and accrue more token value with greater security.
DYM is the utility token and has recently increased by 38% in the past 24 hours, and like everyone, I was wondering why. Hence, I did a q quick dive into it.

Apparently, the project released its mainnet today, thereby opening the claim period for the DYM token. Over 70 million DYM tokens worth about $390 million will be airdropped to its community members who are qualified for the airdrop distribution.

The token price has been increasing since its listing on exchanges.

What are your thoughts on the potential of this project? Do you believe the recent surge in price is a sign of long-term success, or do you foresee challenges ahead? Let's have your take on this project.

Altcoins Talks - Cryptocurrency Forum · « **on:** February 07, 2024, 04:42:58 PM »

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iamcryptic · « **Reply #1 on:** February 07, 2024, 10:21:36 PM »

Quote from: XTRAVAGANGA on February 07, 2024, 04:42:58 PM

Dymension is a home for easily deployable and lightning-fast app-chains called RollApps which allows one to easily deploy own consensus-free blockchain and accrue more token value with greater security.
DYM is the utility token and has recently increased by 38% in the past 24 hours, and like everyone, I was wondering why. Hence, I did a q quick dive into it.

Apparently, the project released its mainnet today, thereby opening the claim period for the DYM token. Over 70 million DYM tokens worth about $390 million will be airdropped to its community members who are qualified for the airdrop distribution.

The token price has been increasing since its listing on exchanges.

What are your thoughts on the potential of this project? Do you believe the recent surge in price is a sign of long-term success, or do you foresee challenges ahead? Let's have your take on this project.

Lots of users for DYM drops just by staking TIA,, But I didn't. Thankfully I got some after irs introduction to Bitget market, with the hype the token has, I think it'll hit double figures in no time.

NFA..

Albarto3636 · « **Reply #2 on:** February 09, 2024, 06:18:44 AM »

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Etranger · « **Reply #3 on:** February 10, 2024, 11:29:07 AM »

I believe the DYM rally is explained by the essence of its blockchain. As far as I understood, the project offers the new type of blockchain, and this is how they attract new users. The token shows very good dynamic. Even though yesterday we have seen quite a correction, I have reasons to think it will reach approximately $9 in the next couple of days. Maybe after that it will go down again to $7-$7,5 and stay there for some time.