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Dymension price rose 25% in the last 24 hours to trade at $7.02 starting at 8:55 am EST.
This comes two days after Dymension's mainnet launch and an airdrop that distributed over $390 million in DYM tokens to early adopters and select groups.
Dymension was conceptualized two years ago as a monumental vision of adding another dimension to Interchain and building a modular Internet of rollups.
— Dymension (@dymension) February 6, 2024
Dymension Price Prediction
A 30-minute DYM/USDT technical analysis suggests an uptrend. The pair is trading above the Supertrend indicator, which is displayed in green, indicating a possible uptrend as the price is above the 6.525 support level.
The Relative Strength Index (RSI) is hovering around 69.46, below the overbought threshold of 70, indicating that while the market is strong, there is still room for an upward move before the asset becomes overbought again. .
The average directional index (ADX) is at 47.62, indicating a strong trend. An ADX value above 25 usually suggests a strong trend, and the current value shows that the upward trend in Dymension price is quite strong.
Dymension Price Prediction: Could DYM Correct It?
On the other hand, as the RSI approaches overbought conditions, the chances of a correction also increase. This is supported by the Stochastic Oscillator (Stoch), which is at 76.79, close to overbought territory, which could also indicate that the market could be overextended in the short term.
Altcoin Sherpa, with over 202,000 followers on which includes a significant airdrop dynamic, therefore. suggesting caution.
In line with this, Sherpa expects a rounded bottom pattern, indicating a stabilization before entering an uptrend.
$SMOKE: I don't know why you would buy this one long term. This one is a little different than some of the other recent releases given the larger airdrop dynamic. If this is going to rip off the pump, wait for some kind of rounded bottom first and then buy on the way up. Not… pic.twitter.com/NvPmKo1Nta
—Altcoin Sherpa (@AltcoinSherpa) February 7, 2024
Meanwhile, as the price of Dymension rises, bitcoin Minetrix, a new cloud mining project, is emerging as one of the crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce/”>Top Five Cryptocurrency Presales in 2024.
An alternative option?
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Users can control every facet of their cloud mining using bitcoin Minetrix's mining staking feature. Without the risk of fraud associated with third-party cloud mining services, you can use the cloud mining credits you earn by staking your BTCMTX tokens to participate in decentralized bitcoin mining.
Another passive method to earn money on the site is to stake BTCMTX. Incentives for players are provided by the betting pool, which returns 64% annually. A total of over 652 million tokens have been staked.
By participating in their Minedrop contest, you can earn BTCMTX tokens in another way. There is a total prize of $30,000, and ten lucky winners will receive $3,000 each.
#BitcoinMinetrix $30,000 Minedrop Now Available!
Get ready for your chance to win a share of $30,000 in $BTCMTX!
Follow the steps in the link below for your chance to win one of ten $3000 $BTCMTX Awards!
https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N—Bitcoinminetrix (@bitcoinminetrix) October 5, 2023
crypto expert and YouTuber Jacob Bury, who has 27,000 followers, has given his seal of approval to the project, predicting the potential to increase its value tenfold upon launch.
BTCMTX pre-sale just surpassed $10.5 million raised as it moves towards its $11.2 million goal.
The BTCMTX token is now priced at $0.0133, but a price increase is coming in less than two days. Therefore, if you are interested in investing, act quickly to get the best price possible. In addition to USDT and eth, bank cards are also accepted to purchase BTCMTX tokens.
Visit bitcoin Minetrix here.
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