![Why Is Dymension (DYM) Price Pumping? The Reason Price Could Still Surge +50% in the Short-Term](https://captainaltcoin.com/wp-content/uploads/2024/02/image-296.png)
The price of Dymension (DYM) has surged 20% today and 85% in the last 7 days, with its current price sitting at $7.46. Ahead of DYM’s mainnet launch, trader Akshit (@TraderAkshit) predicted similar price action to Thalia (TIA) which saw a dump by airdrop farmers initially, presenting a good buying opportunity. He expected a pump once these sellers were exhausted, citing DYM’s incentives around staking and future airdrops.
The launch has now occurred, and the constant potential of airdrops continues attracting investors. Dymension aims to provide easy crypto app rollup solutions with economic sustainability. The Pyth Network also recently released a DYM/USD price feed across 50+ chains, improving price transparency.
Doge2014 raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Further Upside Expected
Analyst onedigitnumber.eth (@onedigitnumbers) believes $DYM growing to $10-$12 is achievable. This would equal around half the market cap of Cosmos. He expects even more hype, use cases and airdrops than Cosmos which could push prices as high as $40-60 in a raging bull market.
So in summary, DYM’s technology, alignment with Pyth Network and airdrop incentives paired with an overall bullish market outlook from analysts help explain the ongoing price pump.
You may also be interested in:
- Crypto Influencer Shares Insights on SAY, TIA and Profit-Taking Lessons Learned from SOL
- SUI Pulls Back After Bullish Rally, Analyst Shares Next Support To Watch
- One not to miss – Pushd (PUSHD) presale still available – Ripple (XRP) & Polygon (MATIC) holders keep pumping in!
We recommend eToro
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.