Post
Topic
Board Speculation (Altcoins)
Re: Downfall of dia data (DeFi)
by
CASTIEL05
on 14/10/2020, 23:55:23 UTC
Don't know what is happening at this moment. Most of defi project lost their value incredibly. Especially for dia data, the recently successful defi token, launched IEO a months ago. Then it was start increasing incredibly, ATH around at $5.13  Sep 02, 2020 (3 days ago) but its only $2.09 today Sep 05, 2020. Just decrease more than half of its value within 48hours when it added binance exchange mainwhile
I think the main reason of this is the btc dominance. People are anticipating a major comeback of the price because bitcoin controls them. Altcoins are just go to the flow of bitcoin. Whenever it goes up and down, altcoins are going down.  DIA is a good coin, it has a lot of potential to surpass top altcoins due to its capability and being a defi project. However, because the market is at reversal period I think DIA is really hard to stabilized its market price. Well, I think the bul will approach again for the next months.