Why DIA (DIA) token climbed over 53% today?

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 Why DIA (DIA) token climbed over 53% today?
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Highlights

  • The DIA token’s 24-hour trading volume surged over 1071%.

  • It saw an all-time high of US$5.79 in May 2021.

  • Its total supply is 200 million.

The DIA (DIA) crypto token surged more than 53%, while its last 24-hour trading volume skyrocketed by over 1071% on Tuesday morning.

What is DIA (DIA)?

DIA stands for Decentralized Information Asset. This open-source oracle platform allows participants to source, supply, and share their trusted data.

It aims to provide an ecosystem for open financial data in a financial smart contract ecosystem while bringing the data analysts, providers, and users together.

Also Read: Coinbase stock slips 10% - Will the dip stop dipping?

DIA offers an authentic, sustainable link between off-chain data from different sources and on-chain smart contracts utilized to create different types of financial DApps. DIA is a governance token based on the ERC-20 Ethereum protocol.

Also Read: Crypto market loses US$130 bn in 24 hours as Bitcoin, Ethereum slip

The DIA project was launched in 2018. Between August 3 and August 17, 2020, 10.2 million tokens were sold. Paul Claudius, Michael Weber, and Samuel Brack were among the co-founders.

The token’s total supply is 200 million, and its current circulating supply is 60.07 million. It is available for trading Binance, BiKi, OKEx, etc.

Also Read: Falling prices stoke a winter of discontent for the crypto market

DIA Crypto soars over 53%, know price, performance

Source: *Data provided by CoinMarketCap.com

Also Read: Chime aims for US$40-billion valuation in IPO: Report

Pricing and performance of DIA token

The DIA token was priced at US$1.23 at 12:04 pm ET on January 25, up 53.40%. It has a market cap of US$73.62 million, and its fully diluted market cap is US$245.12 million.

Its trading volume for the last 24 hours to Tuesday evening was US$102.20 million, an increase of 1071.57%. In the past 12 months, the price plummeted 41.22%.

The token saw the highest price of US$5.79 and the lowest price of US$0.7329 in the last 52 weeks. It reached an all-time high of US$5.79 on May 5, 2021.

Also Read: REITs with over 5.5% dividend yield to explore

Bottomline

The crypto market has declined sharply in recent weeks. Bitcoin shed almost half its price from its record peak of around US$69,000 last November. Hence, investors should evaluate the risks associated with the market before considering an investment.

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