Why is DIA crypto grabbing headlines?

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Why is DIA crypto grabbing headlines?

 Why is DIA crypto grabbing headlines?
Image source: © Alexanderushkevich | Megapixl.com

Highlights

  • The Decentralised Information Asset (DIA) crypto is a multi-chain, end-to-end, open-source platform for Web 3.0 development.
  • The DIA crypto on 19 May has set the crypto market on fire following a rally of over 96% and a tremendous volume gain of over 3800%.
  • The DIA token, on Thursday, was trading at US$0.770770 with a volume of US$21,95,18,863 over a day. 

The Decentralised Information Asset (DIA) crypto is a multi-chain, end-to-end, open-source platform for Web 3.0 development. The DIA crypto enables not just sourcing but also validation and sharding of transparent data feed that can be verified for traditional and digital financial applications.

DIA’s institutional-grade data feeds cover asset prices, metaverse data, lending rates etc. This allows the DIA crypto to be fully customised with a series of tailor-made and resilient methodologies and sets a new paradigm for oracles.

The DIA crypto on 19 May has set the crypto market on fire following a rally of over 96% and a tremendous volume gain of over 3800%.

Also read: PSG Fan Token (PSG) volume soars over 250%: Is it Bitpanda listing impact?

Why is DIA crypto rallying? 

The DIA crypto has been rising for some time now, and it seems today’s rally is a continuation of the same. According to CoinGecko, the DIA crypto has registered gains of over 115% over the past week or so. 

The rally seems to be on the back of the OmniDex partnership with DIA crypto. With the partnership, DIA will be able to start its oracle integration with OminDex, thereby offering a wide variety of data feeds and accurate price points to support an array of digital assets.

With the partnership, DIA will be able to offer features to digital assets in WETH/USD, USDT/USD, USDC/USD, WBTC/USD, WAVAX/USD, WTLOS/USD, WBNB/USD, WMATIC/USD, and WFTM/USD trading pairs. 

Also read: Can Bitcoin kick start a rally anytime soon?

Ask Michael Weber, DIA Co-Founder and CEO, and he will tell you that the OmniDEX will allow DIA’s transparent and customisable oracles to operate freely. Besides, the partnership would also allow them to launch projects soon. 

How is the DIA token faring? 

The DIA token, on Thursday, was trading at US$0.770770 with a volume of US$21,95,18,863 over a day. The 383-ranked token was up by 96.47% at the time of writing and was enjoying a live market cap of US$5,58,04,981 and 7,24,01,614 DIA coins in circulation. 

Not just the price rally, the DIA token also had a healthy investor interest as it garnered a volume spike of US3849.66% in the past 24 hours. 

The DIA cryptos rally comes when leading cryptos such as Bitcoin, Ethereum etc., are struggling for momentum and are down by 2% and 3%, respectively. Investors will hope for a prolonged rally from DIA and that the recent partnership can kickstart a bull run for the crypto.

Having said that, investors should note that they must do their due diligence and ensure that they study the market trends before deciding to invest in cryptocurrencies. As cryptos prices change swiftly and suddenly, they must understand the risks and reward factors and only then decide to jump in.

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