DIA Up 145% Today
There is a new competitor on the data/oracle front. We all Know that ChainLink is firmly positioned as the King in this space and that BAND is the second in line. Recently we saw DOS begin to make a move to potentially challenge BAND and now we have another hotshot in the space! DIA, which is on an absolute tear today, being up as much as 145% as I write this article.
Where it will end for the day is another question though. We are definitely seeing a lot of small cap DeFi and alts doing extremely well over the past few weeks. Many being mentioned here early on, such as EDG, Kusama and SWAP. If you are not a subscriber to Sapphire Crypto, consider following as many new and fresh projects are featured almost daily!
A Hot New Micro Cap!
DIA has recently been listed on Hotbit, along with many of the new and smaller micro cap coins that you might battle to find elsewhere. The market cap is still relatively low at approximately $14 million, which is a fraction of BAND, let alone ChainLink!
Ranked at number 288 on Coingecko with a 24 hr trading volume of $10 million, DIA appears to be on a firm foot to begin the ascent to stardom! The screenshot above shows a stellar move of 160% in a 24 hr period.
Not much other data and metrics are available as this is a new listing on Coingecko. Apparently this project has actually been around since 2018. You can visit their official site to check them out if DIA has managed to capture your attention and curiosity.
Their Twitter account has in excess of 5K followers and indicates that the project has had this account since 2018. I must say things look pretty good for DIA! You know sometimes you visit a project's Twitter page and official site and something just feels really off. I don't get that here at all, plus their account is extremely active with tweets on a daily basis. Their website was last updated 2 months ago.
I have chosen to take a small position in DIA and am prepared to average in on the future dips. I am currently up between 10% to 20% and will let you know how this trade pans out. I am thinking more medium-term than long-term on this one. It is always important to remember that projects like this are very risky as there are no real partnerships or evidence to validate an investment. Early stage projects don't give you much to work with.
Please do not consider anything in this post financial advice. These articles are informative and document my approaches and strategies to the Crypto market. Please do your own research or consult a financial advisor before entering into any financial asset, Crypto or traditional.
Thanks for reading and happy alt hunting!