Autor: dot-traders

Veröffentlicht am

DIA added a third to its value today: here’s where to buy DIA

The live DIA price today is $1.32 with a 24-hour trading volume of $269.5 million. DIA is up 33.22% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy DIA, this guide is for you.

Top places to buy DIA now

As DIA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase DIA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy DIA right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for DIA

Now that you’re connected, you’ll be able to swap for 100s of coins including DIA.

What is DIA?

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data.

DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem that brings together data analysts, providers and users.

DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.

It specifically addresses the problem of dated, unverified, or hard to access data in the world of finance and crypto, especially DeFi. It proposes to solve it by giving users financial incentives to keep the flow of open-source, validated data streams to the oracles up and running.

The current design of oracles, DIA argues, is non-transparent, difficult to scale and vulnerable to attack.

Should I buy DIA today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

DIA price prediction

Price Prediction is moderately bullish on DIA. They expect a minimum price of $1.81 by the end of the year. The DIA price can go up to $2.14. In 2023, they expect 1 DIA will trade for at least $2.61 and potentially go up to $3.12 with the average price of $2.68.

The following year, 1 DIA will trade for $3.97 on average. In 2025, the price of 1 DIA is expected to reach at least $5.45.

DIA on social media

The post DIA added a third to its value today: here’s where to buy DIA appeared first on Coin Journal.

Veröffentlicht am

X2Y2 token price jumps over 200% in two days: what is causing the new token to rally?

X2Y2 price has been soaring since February 16. It has risen by more than 200% in a little over two days.

At the time of writing, it was trading at $3.56 up 16.20% in the last 24 hours having hit a daily high of $4.17and a daily low of $2.64.

Though it is normal to see a new token rise immediately after launch, X2Y2’s surge has made headlines after jumping by over 200% in two days. Let’s take a deep dive into what is propelling the surge.

Why is the price of the X2Y2 token rising?

One of the factors being attributed to the current X2Y2 price surge is its launch on February 16. The X2Y2 Ethereum-based NFT trading platform team conducted a vampire attack, a tactical move that projects use to distribute free tokens to incentivize users of OpenSea to start using their product. LooksRare also used the same move.

In its case, LooksRare dropped tokens for OpenSea users who had traded over 3 ETH on OpenSea and also rewarded its active users. While the method attracted some traffic for LooksRare, it also led to some suspected cases of wash trading on the platform.

X2Y2 airdropped 120 million tokens, which is 12% of its 1 billion token supply to 861,417 wallets had traded on OpenSea between mid-June and mid-December 2021. Token distribution was proportional to their trading activity on OpenSea. In reciprocation, the Airdrop claimers were to list their OpenSea-listed NFTs on X2Y2 at the same price they list on OpenSea.

Although OpenSea is the leading NFT trading hub although it does not have a cryptocurrency token of its own, other alternatives are rapidly cropping up and trying to offer a better user experience as they aim at snatching the OpenSea users base. And one of the ways competitors are doing so is through Airdrops like what X2Y2 did.

X2Y2 tokenomics

X2Y2 tokenomics design was almost similar to that of the LooksRare (LOOKS) token, only that X2Y2 will pay token stakers and also an additional platform cut-off fee paid in WETH rather than rewarding users for trading.

Staking X2Y2 tokens currently is over 8000% per annual yield. In addition, the platform also rewards staking NFTs.

Listing an NFT on X2Y2 is also counted as an NFT staking and makes the users eligible for free rewards.

The post X2Y2 token price jumps over 200% in two days: what is causing the new token to rally? appeared first on Coin Journal.