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The Dymension price has surged 35% in the last 24 hours to trade at $5.48 as of 05:40 a.m. EST on trading volume that jumped more than three million percent to $470 million.
The spike in the DYM price comes just a day after a ground-breaking mainnet launch and an eye-popping $390 million airdrop.
DYMENSION: the Celestia's cousin is finally here 😎🎉@dymension , a Cosmos-based modular blockchain platform, has launched its mainnet and native DYM token yesterday, on all the major CEXs. The team allocated 70M DYM – 7% of the supply – to the airdrop (350M $ at this moment).… pic.twitter.com/mxaRMXfyyx
— WeeHODL (@WeeHODL) February 7, 2024
Dymension aims at revolutionizing the decentralized finance landscape as well as addressing scalability challenges using modular blockchain technology.
Operating to revolutionize blockchain technology through RollApps, can DYM surpass other projects that are using modular blockchain technology like Celestia (TIA), which has soared over 738% since launch?
🧵(3/5) So what's the big deal about Dymension $DYM?
Dymension is a Layer-1 blockchain, but not just any typical blockchain – a modular one that focuses on creating a an ecosystem for developers to build and build RollApps (dApps on $DYM) but more scalable, secure, and faster. pic.twitter.com/XMeSetPENK
— Market Maker 🐉 (@0xMarketMaker) February 6, 2024
Dymension Price Consolidates Around $5, Looking For A Breakout To The Upside
Following its listing on various major centralized exchanges, DYM experienced a rapid surge to reach a peak of $6.32 before undergoing a retracement. The price was subsequently impacted by airdrop sellers, with the $4.83 level serving as a support level.
However, the bulls may have gained control of the price, as the Dymension price has surpassed the next support at $5.35 to trade at $5.48 within the consolidation phase.
The Relative Strength Index (RSI) is rebounding from the 50-midline level to 64, signaling a potential bull rally. If the bullish momentum is sustained, the RSI could rise to the 70-overbought region.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is positioned above the signal line (orange), signaling an upward trend for the Dymension price.
Additionally, the histogram displays green bars towering over the red bars, further strengthening the bullish outlook for the DYM price.
Dymension Price Aims At Its Previous High
The current Dymension price short-term technical analysis is bullishly biased, suggesting that the market is still on bullish momentum.
This is further affirmed by the formation of a falling wedge, signaling the end of the consolidation part, as the price has burst through the upper trend line.
DYM price bulls are looking to reclaim the previous high of $6.32, testing the resistances at $5.93 and $6.15.
However, if the bears carry out a trend reversal, the Dymension price may retrace back to the $4.83 level, acting as the crucial support zone in attempts at price discovery.
Meanwhile, as the DYM price soars, eTukTuk is emerging as a compelling crypto to buy now, with its ICO raising over $820k in early funding.
Best Eco-Friendly Crypto To Invest
The eTukTuk (TUK) presale has already garnered $825,088 as it hurtles towards its $844,058 target. Currently, eTukTuk tokens are available for purchase at a discounted price of $0.02625 per token, but this price is set to increase in about six days.
eTukTuk leverages AI, blockchain technology, and smart coordination of electrical vehicles (EVs), charging stations, and payments to transform transportation in developing nations.
1/ Ready for a game-changer?
Let's talk about how shifting to renewable energy isn't just crucial for our planet, but it might just pay for itself within six years. 🔄🧵 pic.twitter.com/TZXK8dse5M
— eTukTuk (@eTukTukio) October 6, 2023
Additionally, the project aims at tackling carbon emissions, improving health, and fostering financial inclusivity. Operating on the Binance Smart Chain, eTukTuk aims to employ a decentralized sharing economy model for scalability, security, and efficiency.
Happy New Year from eTukTuk! 🎉
As we usher in 2024, let's ride into a year of green journeys, sustainable choices, and impactful collaborations.
Together, let's drive change and make it a year of sustainable mobility! 🚗💚#NewYear2024 pic.twitter.com/IfP0xdGi05
— eTukTuk (@eTukTukio) January 1, 2024
Furthermore, eTukTuk positions itself as a leader in the Electric Vehicle Charging Station Infrastructure (EVSE) sector by offering a cleaner, healthier alternative to traditional internal combustion engine (ICE) Tuk Tuks.
Switching from the old, noisy, and polluting ICE tuktuks to the sleek, quiet, and eco-friendly eTukTuk – because progress is not just about moving, it's about moving forward responsibly 🌿🚗#ElectricVehicles #Memes pic.twitter.com/BWkoU3T09D
— eTukTuk (@eTukTukio) January 7, 2024
Buy And Stake $TUK For 267% Annual Rewards
As a presale participant, you can stake your tokens and earn an impressive annual percentage yield (APY) of 267%.
Introducing Buy and Stake mechanism, get $TUK tokens and instantly stake them, initiating a dynamic APY.
Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. 💫 pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023
The team is also launching a play-to-earn (P2E) game called Crazy Taxi. As a player, you will navigate the busy streets of Sri Lanka, ferrying passengers to different locations. You will earn $TUK tokens every time you complete a mission.
YouTube analyst Jacob Bury says eTukTuk has the potential to10x on launch.
You can buy $TUK tokens today by visiting the official eTukTuk website. Swap BNB or USDT for $TUK tokens or buy directly using your bank card.
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