Post
Topic
Board Altcoin Discussion
Re: Downfall of dia data (DeFi)
by
Bttzed03
on 05/09/2020, 15:13:54 UTC
Almost all coins are going down, it is a market correction also do not forget the DIA has grown from 5 cents to $5 which is over 100x gains in short span of time now it is undergoing correction which is natural because nothing can continuously and constantly keep going up.
Rather than calling it as a downfall we can call it as a major correction in Dia's price. It was quite expected since the coin increased a lot in price in a short span of time. It's not only with Dia but any coin which increases in price too soon has to fall back a little in order to give an opportunity to other investors to join in. It has also happened with bitcoin when the price increased to $20k and then dumped to $3k.
Corrections are expected in crypto. There's nothing to worry about since the price will increase again in future.
Can you really compare Dia who just launched recently to other coins and tokens who have been around for years? Surely you cannot call Dia's one month old trading data as "correction". PUMP AND DUMP is the correct term.

@OP, Dia is another project taking advantage of the DeFi hype. Don't be surprised if the price tanks even more. I tried to check the team on their website but it redirects me to download their picture  Undecided