Here’s Why Dia Crypto Price Is Pumping

In a recent surge, DIA’s price has experienced an impressive increase of over 30% in just 24 hours. This spike followed a period of 15 days of price accumulation, culminating in a forceful breakout yesterday that led to a peak increase of more than 60%, before settling at $1.09.

The upward movement appears to be part of a broader bullish trend for DIA, coinciding with its breakout from a long-term descending channel observed weeks prior.

Read Also: Whales Are Accumulating This New Solana (SOL) Memecoin, Eyeing Short- and Long-Term Gains

While there are no specific fundamentals driving this price increase, it seems that the token is gaining heightened attention within the crypto community.

Strategic Partnerships Driving Interest

Recent announcements from the DIA ecosystem, particularly the partnership with GOAT Network, have contributed to this enthusiasm. The collaboration aims to integrate DIA’s suite of oracles, which includes custom price feeds for major cryptocurrencies such as Bitcoin, Ethereum, USDT, and USDC, as well as a randomness oracle.

his integration is set to enhance the GOAT Network, which is innovating within the Bitcoin Layer 2 space, allowing developers to build decentralized applications that leverage Bitcoin’s security and liquidity.

Read Also: Analyst Explains Why Sui Could Reach Solana (SOL) Market Cap: Predicts “Huge 10x Pump”

Additionally, DIA has partnered with PlutusDAO to integrate a custom oracle on the Arbitrum network, enhancing the launch of a smart liquidity pool. This partnership further strengthens DIA’s position by providing reliable price data aggregated from over 100 exchanges across multiple Layer 1 and Layer 2 networks.

The accumulation phase followed by these strategic partnerships has excited many bulls, leading to a notable price rally. Overall, the combination of technical breakout and growing ecosystem engagement has positioned DIA favorably in the market.

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

CaptainAltcoin
Logo