Dia Coin: A Smart Investment Decision?

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply, and share reliable data. It is a blockchain platform that seeks to disrupt the oracle business currently dominated by Chainlink. DIA is relatively new and has been on an upward trajectory, with its price rising sharply in May 2022. It is currently trading at $0.8760, about 193% above its lowest level this month. Its total market cap has risen to more than $61 million, making it a top 400 cryptocurrency. With DIA's recent growth and unique value proposition, is it a good investment?

DIA's price history and future predictions

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply, and share trustworthy data. It is also the governance token of the platform and is based on the ERC-20 Ethereum protocol. The total DIA token supply is limited to 200 million coins, with a circulating supply of 110,617,604 DIA coins.

DIA's price history has been volatile, with its all-time high of $5.79 recorded on 5 May 2021. Since then, the price has been on a downward trend, with a few brief periods of sharp increases. For example, on 17 February 2022, DIA's price rose by nearly 50% when it announced a partnership with the UK FCA-regulated crypto index provider CF Benchmarks. However, the price subsequently dropped from $1.44 to $0.96. On 24 January 2022, DIA's listing on Coinbase caused its price to surge by 44%. Despite these gains, DIA's price has generally been on a downward trajectory since its all-time high.

As of 22 August 2024, the live DIA price is $0.349875 USD, with a 24-hour trading volume of $5,361,649 USD. This price is 92.72% below its all-time high. In the past 24 hours, the price of DIA has increased by 2.33%.

Looking at the DIA price prediction for the rest of 2024, crypto experts expect the minimum cost of DIA to be $0.5408, with a maximum level of $0.6087. The average trading price is anticipated to be around $0.5590.

For 2025, the minimum price of DIA is expected to be around $0.8220, with a maximum of $0.9352. The average trading price for 2025 is predicted to be $0.8443.

By 2026, DIA is expected to have a minimum price of $1.14 and a maximum of $1.40, with an average trading cost of $1.18.

The DIA price prediction for 2027 suggests that the minimum price might drop to $1.68, while the maximum can reach $1.93. The average trading cost is expected to be around $1.73.

While the long-term DIA price prediction appears positive, it is important to remember that cryptocurrency markets are extremely volatile, and it is challenging to make accurate predictions. Therefore, it is recommended to conduct your own research and consider the latest market trends, news, technical and fundamental analysis before making any investment decisions.

DIA's use cases

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply, and share reliable and verifiable data. Here are some detailed use cases for DIA:

Building Financial DApps

DIA provides a bridge between off-chain data from various sources and on-chain smart contracts, enabling the creation of decentralised applications (DApps) that require access to real-world data. These DApps can include prediction markets, insurance contracts, and financial derivatives.

Data Standardisation and Distribution for NFTs

DIA is evolving into a platform for data standardisation and distribution for non-fungible tokens (NFTs). It provides NFT floor price feeds and multi-source, trade-based accurate pricing for NFT collections.

Random Number Generation

DIA's multi-chain randomness feature enables the development of DeFi and GameFi dApps.

Fair Value Price Feeds

DIA provides fair-value pricing feeds for assets that account for the collateral ratio.

Governance and Voting

As the governance token of the DIA platform, DIA tokens can be used to propose and vote on platform upgrades and improvements. Token holders can also vote on governance decisions and contribute to the development of the platform.

How DIA works

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply, and share trustworthy data. It aims to be an ecosystem for open financial data in a financial smart contract ecosystem, bringing together data analysts, providers, and users.

DIA is the governance token of the platform and is based on the ERC-20 Ethereum protocol. It is used to fund data collection, validation, and voting on governance decisions, as well as to incentivise the development of the platform. Users can contribute DIA tokens to encourage new data to appear on the platform.

The platform allows smart contracts to connect to external data sources, such as DeFi market data and centralized APIs. It provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts, making it possible to create applications that require access to real-world data, such as prediction markets, insurance contracts, and financial derivatives.

DIA was founded in 2018 by a group of individuals, including Paul Claudius, Michael Weber, and Samuel Brack. The token supply was introduced during the bonding curve period from August 3 to August 17, 2020, during which 10.2 million tokens were distributed. The total DIA token supply is limited to 200 million coins.

The current circulating supply of DIA is 110,617,604 DIA, with a market cap of 110,617,604. The live DIA price is $0.349875 USD, with a 24-hour trading volume of $5,361,649 USD. In the past 24 hours, the crypto has increased by $0.02 in value.

The forecast for DIA's price is positive, and it is expected to meet a bull trend in the near future. In a five-year plan perspective, the cryptocurrency could rise up to $2.16.

DIA's Interest Allocation Program

DIA has introduced its Interest Allocation Program, through which DIA token holders can earn up to 20% in interest over periods ranging from nine to 24 months. The program is designed to encourage long-term ownership of DIA coins while balancing market dynamics.

Here's how it works:

The typical path of the DIA crypto on the DIA network and blockchain begins when a decentralised finance (DeFi) service, such as a smart loan, is issued and requires data originating outside the blockchain (e.g. voting results, temperature, etc.). In this case, stakeholders construct a data ticket using DIA coins to acquire precise and actual information to meet their obligations.

Data providers are responsible for gathering data through techniques such as web scraping. Network analysts then analyse this data. Once confirmed, the data becomes publicly available on the DIA platform.

DIA is an open-source oracle platform that enables market actors to source, supply and share trustworthy data. It aims to be an ecosystem for open financial data in a financial smart contract ecosystem, bringing together data analysts, providers and users. DIA is the governance token of the platform and is based on the ERC-20 Ethereum protocol.

The DIA governance token will be used to fund data collection, data validation, voting on governance decisions and to incentivise the development of the platform. Users can stake DIA tokens to encourage new data to appear on the platform, but access to historical data through DIA is free.

DIA's partnerships

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply, and share reliable and verifiable data. The platform seeks to create an ecosystem for open financial data in a financial smart contract ecosystem, bringing together data analysts, providers, and users.

DIA has formed several partnerships to further its mission and integrate its oracle infrastructure. Here is a detailed overview of some of DIA's key partnerships:

• CF Benchmarks: In February 2022, DIA announced a collaboration with the UK FCA-regulated crypto index provider CF Benchmarks. This partnership aimed to bring crypto-index reference prices as feeds in DIA's guest oracles. This move was initially well-received by the market, but the price of the coin later dropped.
• Polkastarter: In October 2020, DIA entered a deal with Polkastarter to introduce price oracles to facilitate DeFi trading, pricing, and anti-slippage capabilities. This integration was based on transparent and auditable price oracles.
• Solana, Avalanche, NEAR, and Others: In the autumn of 2021, DIA announced agreements to provide its services with multiple blockchain networks, including Solana, Avalanche, NEAR, Arbutum, Nervos, Celo, Chaingang, and Moonriver. These deals aimed to expand DIA's reach and integration within the DeFi space.
• Astar Network: In January 2022, DIA became the first oracle provider to integrate with the Astar Network, running on the Polkadot Relaychain. This integration allowed DeFi applications on Astar to easily connect to external data sources.
• Fuse: In February 2022, DIA integrated its oracle infrastructure with the Fuse crypto payments and decentralised finance (DeFi) platform. This partnership aimed to make it easier for smart contracts deployed within the Fuse network to access accurate and transparent market data.
• Alephium: DIA has a strategic partnership with Alephium to bring oracles to the Alephium network.
• Nile Exchange: DIA has a partnership with the Nile Exchange, integrating its oracle system.
• LUKSO: LUKSO partnered with DIA to bring oracles to the LUKSO Mainnet.
• Ramses Exchange: DIA collaborated with Ramses Exchange to build a price oracle for their native token, $RAM, and more.
• Lumin: Lumin integrated DIA oracles on Arbitrum to power lending and borrowing services, providing accurate and transparent market data.
• Peapods Finance: DIA has a partnership with Peapods Finance, integrating its oracle system.

These partnerships demonstrate DIA's active role in the DeFi sector and its commitment to expanding the reach and utility of its oracle platform. By collaborating with various blockchain networks and DeFi platforms, DIA enhances its potential as a reliable data source for smart contracts and decentralised applications.

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