2024

Dymension

strong bull

Cosmos

Pyth Network

<p class="is-style-lead"><a href="https://crypto.news/tag/crypto.com/">Crypto.com</a> recently announced the listing of Dymension (DYM), a modular blockchain token, stirring interest within the crypto community.</p> 
<p>The <a href="https://crypto.com/product-news/crypto-com-app-lists-dymension-dym" target="_blank" rel="noopener">listing </a>on Crypto.com makes DYM accessible to a wider audience, as the exchange supports purchases with over 20 fiat currencies. The move is expected to increase the token’s trading volume and visibility in the market.</p> 
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   <p lang="en" dir="ltr">Dymension ($DYM) is now listed in the <a href="https://t.co/A7lhUEyoao" target="_blank">https://t.co/A7lhUEyoao</a> Exchange!<br><br>💰Trade DYM easily with USD<br><br>Sign up to the Exchange 👉 <a href="https://t.co/GBTPzwV3F0" target="_blank">https://t.co/GBTPzwV3F0</a> <a href="https://t.co/EoxUPevCEV" target="_blank">pic.twitter.com/EoxUPevCEV</a></p>— Crypto.com Institutional (@Cryptocom_Insto) <a href="https://twitter.com/Cryptocom_Insto/status/1755823239110984069?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 9, 2024</a>
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<p>The latest development follows Dymension’s significant price surge, where its value increased by 100% in just two days, with a notable 30% jump occurring after the listing news.</p> 
<p>At the time of reporting, DYM was trading at $7.82, reflecting the market’s positive reaction to its mainnet launch and a substantial airdrop event.</p> 
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 <img loading="lazy" decoding="async" width="898" height="495" src="https://crypto.news/app/uploads/2024/02/DYM_1D_graph_coinmarketcap.png" alt="DYM token surges 30% following Crypto.com listing announcement - 24" class="wp-image-14246962">
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  DYM 24-hour price chart | Source: <a href="https://coinmarketcap.com/currencies/dymension/" target="_blank" rel="noopener">CoinMarketCap</a>
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<p>Dymension operates as a decentralized Layer-1 blockchain built on the Cosmos SDK, facilitating the quick deployment of application-specific blockchains, or RollApps. These RollApps are designed to offer enhanced security, interoperability, and liquidity.</p> 
<p>The DYM token plays a crucial role in this ecosystem, allowing for the payment of transaction fees and enabling token holders to participate in governance decisions through voting.</p> 
<p>The platform gained early credibility through a<a href="https://crypto.news/dymension-sees-55-surge-within-hours-of-mainnet-debut/"> $390 million DYM airdrop</a> to over 528,000 wallets, immediately catching the attention of the developer community. Despite initial technical issues, Dymension’s valuation quickly reached $5.2 billion, suggesting strong market interest and optimism about its future.</p> 
<p> You might also like: <a href="https://crypto.news/dymension-sees-55-surge-within-hours-of-mainnet-debut/"> Dymension sees 55% surge within hours of mainnet debut </a> </p> 
<p>In addition to Crypto.com, DYM has been listed on other leading cryptocurrency exchanges, such as KuCoin, <a href="https://crypto.news/tag/kraken/">Kraken</a>, and Binance, offering various trading pairs, including DYM/USDT. These listings have significantly contributed to the token’s trading volume and overall market presence, further enhancing its visibility and appeal to investors.</p> 
<p>Dymension’s strategic initiatives extend to ongoing airdrops and partnerships, such as with the Pyth Network for a <a href="https://twitter.com/PythNetwork/status/1755562293390426397" target="_blank" rel="noopener">DYM/USD price feed</a>, aiming to increase price visibility and transparency across multiple chains.</p> 
<p>The token quickly ascended to the 59th position among cryptocurrencies, surpassing notable tokens like HNT from the <a href="https://crypto.news/tag/helium/">Helium network</a> and Fantom’s FTM. Its unique value proposition, particularly its ability to enable developers to create their own application chains using <a href="https://crypto.news/cosmos-plans-to-attract-ethereum-developers-in-2024/">Cosmos</a> Interchain technology, has captured the developer community’s attention.</p> 
<p>Analyst onedigitnumber.eth expressed optimism about DYM’s growth potential, suggesting a target price range of $10-$12, which could approximate half of Cosmos’s market capitalization. In a strong bull market, the analyst anticipates prices could soar to $40-60, driven by heightened enthusiasm, utilization, and further airdrop opportunities.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DYM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$DYM</a> to approximately $10-$12 is very do-able. That would be around half of the mkt cap of Cosmos. It has more hype right now than Cosmos, more potential use case, and potentially even better <a href="https://twitter.com/hashtag/airdrops?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#airdrops</a>. <br><br>In a raging bull my rough target as of now is anywhere from $40-$60. <a href="https://t.co/ih3K1TwytF" target="_blank">pic.twitter.com/ih3K1TwytF</a></p>— onedigitnumber.eth (@onedigitnumbers) <a href="https://twitter.com/onedigitnumbers/status/1755626764309758425?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 8, 2024</a>
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<p>Meanwhile, Crypto.com has expanded its trading offerings with the <a href="https://crypto.news/crypto-com-launches-new-derivatives-product/">introduction of Strike Options</a>, a derivatives trading feature allowing U.S. users to speculate on crypto price movements. This addition aims to provide users with more trading options and enhance their overall experience on the platform.</p> 
<p> Read more: <a href="https://crypto.news/crypto-com-gets-license-in-dubai-for-certain-crypto-activities/"> Crypto.com gets license in Dubai for certain crypto activities </a> </p>

DYM token surges 30% following Crypto.com listing announcement

crypto.news

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