What is DYM in crypto?
DYM is the utility token powering the Dymension network, a Layer 2 scaling solution built on top of Ethereum. It serves various purposes within the ecosystem: Governance: DYM holders can participate in network governance by voting on proposals related to protocol upgrades, fee structures, and other critical decisions.
Dymension (DYM) secures its place under Binance's "Seed Category," a category reserved for coins characterized by high price volatility and innovative projects. This placement emphasizes the token's potential for both dynamic price movements and groundbreaking developments.
Price of DYM today
The live price of Dymension is $ 3.658029 per (DYM / USD) with a current market cap of $ 534.07M USD. 24-hour trading volume is $ 56.22M USD.
DYM, the token of the rollup platform, was highly anticipated within crypto circles and was distributed to users of Celestia, Solana and Ethereum blockchains based on certain criteria.
Dymension, like any other cryptocurrency, may present a profitable investment opportunity. However, it carries inherent risks due to its highly volatile nature.
🔆$DYM Coin Price Analysis 🔆 🗼Current Price: $7.22 USD (d | Crypto Expert BNB on Binance Square.
The DYM mainnet was initially launched on 5th February 2024, but issues were reported soon after launch due to consensus issues. The ecosystem's largest validator, Chorus One, reported node issues that impacted its participation. The validator holds 34.8% of the voting power on the network.
Where can I sell Dymension? While you can use a variety of different methods to sell your Dymension, most people find that crypto platforms like Kraken are the safest and easiest options.
Binance will list Dymension (DYM) and open trading for these spot trading pairs at 2024-02-06 15:00 (UTC). New Spot Trading Pairs: DYM/BTC, DYM/USDT, DYM/FDUSD and DYM/TRY. Users can now start depositing DYM in preparation for trading.
Binance offers many options where you can easily buy several cryptocurrencies including Dymension, with the lowest fees and highest security. Create a free account on the Binance website or the app. Binance is a centralized exchange where you can buy several cryptocurrencies including Dymension.
Who is the CEO of DYM coin?
Yishay Harel, a co-founder and the CEO of Dymension, has been instrumental in steering the project through its foundational stages, including a significant seed funding round that raised $6.7 million in 2023.
$DYM raised $7M and launched at an FDV of $5B, now sitting at $7B.
Dymension is a blockchain specialized solely for settlement and introduces a new primitive: RollApps. It handles state and communication between RollApps built on its tech stack. RollApps leverage modular architecture and are application-specific chains.
Before you decide whether or not to invest in Dymension, you will have to do your own research, not only on DYM, but on other, related, coins and tokens such as Optimism (OP) or Arbitrum (ARB). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
What are the top cryptocurrencies by market cap? The top cryptocurrencies by market cap are bitcoin and ethereum, which have long been entrenched as the No. 1 and No. 2 cryptocurrencies. After that, a collection of cryptocurrencies jostle for position, although the third biggest is stablecoin tether (USDT).
In 2024, PricePrediction.net projected that DYM would be worth $7.51. Next up, the Dymension price estimate by DigitalCoinPrice predicted that DYM would trade at $12.16 in the next year. Back then, Bitnation predicted it will hit $17.88. Next year, the currency was projected by PricePrediction.net to be worth $10.81.
Dymension has set a maximum token supply limit of 1,000,000,000 DYM tokens.
Dymension raised $6.7 million from Big Brain Holdings, Stratos and others.
Bitcoin was the first cryptocurrency created and is now the most valuable and well known. It was launched in January 2009 by a computer programmer – or group of programmers – using the pseudonym Satoshi Nakamoto. Nakamoto's actual identity has never been verified.
How to claim and sell $DYM: -Get a Keplr Wallet set up (if you don't have one), and add DYM and OSMO networks -Go to your eligible $DYM wallet (i.e. MM on EVM) and add $DYM RPC -Go to portal.dymension.xyz & connect MM -Click Top Right Corner (MM address) and hit Withdraw Funds (input your Keplr Wallet $DYM address) - ...
How do I sell my token?
Choose an exchange that supports the token you want to sell and that operates in your country. Create an account: To sell your cryptocurrency, you will need to create an account on the exchange you have chosen. You will typically be required to provide your personal information, such as your name, address, and email.
Traders have a number of ways to sell their cryptocurrency. Popular crypto exchanges are always a good bet, as they are reliable and well-known, while online platforms with peer-to-peer selling may allow for flexibility of payment.
The IRS treats cryptocurrencies as property for tax purposes, which means: You pay taxes on cryptocurrency if you sell or use your crypto in a transaction, and it is worth more than it was when you purchased it. This is because you trigger capital gains or losses if its market value has changed.
About XRP. The XRP price is $0.59507487, a change of -1.83% over the past 24 hours as of 8:00 p.m. The recent price action in XRP left the Read more... XRP is the native cryptocurrency of XRP Ledger, which is an open-source, public blockchain designed to facilitate faster and cheaper payments.
Dymension price prediction 2024: Dymension's price for 2024 according to our analysis should range between $7.97 to $11.95 and the average price of DYM should be around $9.96.
References
- https://www.kucoin.com/price/DYM
- https://zebpay.com/in/blog/top-10-crypto-to-invest-in-2024
- https://investorplace.com/2024/04/short-term-bets-3-cryptos-to-buy-before-the-bitcoin-halving/
- https://timesofindia.indiatimes.com/business/india-business/top-crypto-to-buy-now-what-is-the-next-big-cryptocurrency-for-2024/articleshow/108670499.cms
- https://www.binance.com/ph/feed/post/962899
- https://www.binance.com/en/square/post/593306
- https://coincodex.com/article/25062/xrp-price-prediction-2040-2050/
- https://www.nasdaq.com/articles/2-cryptocurrencies-other-than-bitcoin-to-buy-ahead-of-the-halving
- https://www.forbes.com/advisor/au/investing/cryptocurrency/xrp-price-prediction/
- https://www.binance.com/en/square/post/3835888855793
- https://www.binance.com/en/square/post/4012563128049
- https://ambcrypto.com/predictions/dymension-price-prediction
- https://www.euronews.com/business/2024/02/06/bitcoin-price-predictions-how-much-more-can-the-cryptocurrency-rise-in-2024
- https://capital.com/ripple-xrp-price-prediction-long-term-2030-2050
- https://ambcrypto.com/predictions/ripple-price-prediction
- https://www.binance.com/en-IN/square/post/809299
- https://mudrex.com/learn/top-penny-crypto-to-invest-in-2024/
- https://www.nasdaq.com/articles/xrp-ripple-price-prediction%3A-2022-2030
- https://www.binance.com/en/how-to-buy/dymension
- https://www.binance.com/en/price-prediction/ethereum
- https://www.quora.com/Which-crypto-project-can-I-invest-in-with-50-And-how-can-I-learn-to-invest-in
- https://www.binance.com/en/square/post/3883071671138
- https://www.binance.com/en/square/post/1240786
- https://www.coindesk.com/price/xrp/
- https://www.theblock.co/post/210093/modular-blockchain-dymension-raises-6-7-million-in-private-token-round
- https://coincodex.com/article/32023/xrp-price-prediction-500/
- https://www.blockpit.io/blog/best-crypto
- https://coincodex.com/convert/usd/ripple/1000/
- https://www.binance.com/en/square/post/918206
- https://www.thestreet.com/crypto/markets/ethereum-price-to-hit-10000-at-cycle-peak-analyst-projects
- https://www.binance.com/en/square/post/2347510369802
- https://medium.com/coinmonks/top-10-cryptos-to-hold-become-a-millionaire-in-2025-59b8c5d251cf
- https://www.binance.com/en/square/post/1044178
- https://www.binance.com/en/square/post/1459293
- https://finance.yahoo.com/news/dogecoin-reach-1-yes-only-132300782.html
- https://www.coindesk.com/consensus-magazine/crypto-2024/?_rsc=m71yi
- https://m.economictimes.com/wealth/invest/next-crypto-to-hit-1-in-2024-top-5-competitors/articleshow/109200549.cms
- https://money.usnews.com/investing/cryptocurrency/articles/whats-the-best-cryptocurrency-to-buy
- https://investorplace.com/2024/03/7-cryptos-with-explosive-5x-potential-by-2025/
- https://coincodex.com/convert/ripple/usd/1000/
- https://www.binance.com/en/price-prediction/dogecoin
- https://zebpay.com/blog/top-10-crypto-to-invest-in-2024
- https://www.binance.com/en/price-prediction/solana
- https://www.techopedia.com/cryptocurrency/xrp-price-prediction
- https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/how-many-xrp-you-need-to-be-crypto-millionaire-in-2025/
- https://www.techopedia.com/cryptocurrency/crypto-that-will-make-you-rich
- https://www.litefinance.org/blog/analysts-opinions/ripple-price-prediction-forecast/
- https://www.binance.com/en-NG/square/post/328155
- https://www.coingecko.com/learn/what-is-dymension-dym-rollapps-modular-crypto
- https://investorplace.com/2024/03/3-cryptos-with-tenfold-growth-potential-by-2026/
- https://www.binance.com/en-IN/square/post/1540943
- https://m.economictimes.com/markets/cryptocurrency/crypto-news/10-best-cryptocurrencies-to-invest-in-february-2024/articleshow/107359159.cms
- https://wazirx.com/blog/best-penny-cryptocurrency-to-invest-in-india/
- https://www.coinbase.com/how-to-buy/xrp
- https://coinmarketcap.com/community/articles/65c467e6c6d4db1547ea766b/
- https://coingape.com/price-predictions/stellar-xlm-price-prediction/
- https://crypto.ro/en/predictions/dymension-dym-price-prediction/
- https://www.binance.com/en/square/post/1303963
- https://www.binance.com/en/support/announcement/binance-will-list-dymension-dym-with-seed-tag-applied-00095277601046a38159f649b5f0e55b
- https://coinpedia.org/press-release/crypto-with-1000x-potential/
- https://www.axi.com/eu/blog/education/cryptocurrencies/dogecoin-doge-price-predictions
- https://sdlccorp.com/post/which-cryptocurrency-has-the-best-future-in-india/
- https://mudrex.com/learn/best-cryptocurrencies-for-short-term/
- https://www.binance.com/en/square/post/1248538
- https://www.binance.com/en-NG/price/dymension
- https://www.investopedia.com/who-is-sam-bankman-fried-6830274
- https://www.binance.com/en/square/post/2037920614754
- https://www.nasdaq.com/articles/xrp-ripple-price-prediction:-2022-2030
- https://changelly.com/blog/bitcoin-price-prediction/
- https://www.binance.com/en/square/post/1792548
- https://money.usnews.com/investing/articles/the-history-of-bitcoin
- https://www.nasdaq.com/articles/where-dave-ramsey-mark-cuban-and-other-money-experts-stand-on-crypto-in-2024
- https://www.kraken.com/learn/sell-dymension-dym
- https://www.cryptovantage.com/guides/safest-cryptocurrencies/
- https://www.coinbase.com/converter/xrp/gbp?currencyPage=3
- https://www.techopedia.com/cryptocurrency/crypto-with-potential
- https://www.ccn.com/analysis/dymension-dym-price-prediction/
- https://www.investopedia.com/tech/taxes-and-crypto/
- https://www.quora.com/How-do-I-sell-my-crypto-token
- https://coinmarketcap.com/community/articles/6526404cedf58942f242bbce/
- https://m.economictimes.com/markets/cryptocurrency/crypto-news/top-6-cryptos-under-1-that-could-do-100x-by-2025/articleshow/107722784.cms
- https://thecryptobasic.com/2024/02/24/heres-how-much-xrp-you-need-to-be-a-millionaire-if-xrp-hits-11-26-28-20-56-55-156-36-or-521-69/
- https://changelly.com/blog/ripple-xrp-price-prediction/
- https://www.binance.com/en/price/dymension
- https://www.techopedia.com/cryptocurrency/cheapest-crypto-to-buy
- https://www.binance.com/en-KZ/square/post/1193348
- https://www.coindesk.com/tech/2024/02/07/rollup-platform-dymensions-dym-reaches-52b-market-cap-after-botched-start/
- https://www.binance.com/en/square/post/328155
- https://www.binance.com/en/square/post/1775899
- https://www.techopedia.com/cryptocurrency/next-1000x-crypto
- https://www.bankrate.com/investing/how-to-cash-out-crypto-bitcoin/
- https://www.binance.com/en/square/post/4112676751370
- https://www.binance.com/en/square/post/1179522
- https://cointelegraph.com/news/ethena-highest-revenue-generating-project-delphi-labs-ceo
- https://www.binance.com/en/square/post/3749193584594
- https://coincodex.com/article/24406/bitcoin-price-prediction-2040-2050/
- https://www.fool.com/investing/2024/03/22/billionaires-are-buying-bitcoin-what-does-it-mean/
- https://www.bloomberg.com/news/newsletters/2024-03-12/is-crypto-in-a-bull-market-it-depends-on-where-you-look
- https://finance.yahoo.com/news/dogecoin-reach-1-2030-115000105.html
- https://m.economictimes.com/markets/cryptocurrency/crypto-news/these-5-defi-platforms-are-primed-to-explode-in-2024/articleshow/108227977.cms
- https://changelly.com/blog/ethereum-eth-price-predictions/
- https://m.economictimes.com/wealth/invest/top-new-crypto-to-buy-today-for-long-term-returns/articleshow/108707659.cms
- https://www.binance.com/en/feed/post/255824
- https://www.binance.com/en/square/post/174127862849
- https://www.techopedia.com/cryptocurrency/best-penny-crypto
- https://cryptorank.io/news/feed/e537d-ripples-xrp-price-to-20-devs-unveil-super-bullish-proposal-that-could-massively-advance-xrpl
- https://www.fool.com/investing/2024/03/07/should-you-buy-xrp-while-its-still-below-1/
- https://www.binance.com/en-IN/square/post/1139451
- https://www.binance.com/en/square/post/1025905
- https://twitter.com/Tyler_Did_It/status/1756040093754658830
- https://www.forbes.com/sites/digital-assets/2024/01/31/not-bitcoin-or-ethereum-billionaire-mark-cuban-reveals-the-two-small-cryptos-hes-bought-amid-huge-1000-price-surge/
- https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/next-crypto-to-explode/
- https://www.usatoday.com/money/blueprint/investing/cryptocurrency/top-10-cryptocurrencies/
