Downfall of dia data (DeFi)

[mdzahed134]

Most likely, such a dump of this project happened because in a few days they have to give out rewards for the bounty campaign. Perhaps this is an artificial price reduction

DIA is still good price after sold hacker token, you know everyone was confused about it’s price because 3m token was hacked for KuCoin exchange incident but i didn’t think any affect in price. Bounty payment is just nothing if you comparing with stolen tokens. So no reason to happened dump for bounty distribution.         

[1715340387]

1715340387

[1715340387]

1715340387

[1715340387]

1715340387

[1715340387]

1715340387

[1715340387]

1715340387

[ibuddy122505]

There is an altseason of a certain coin maybe its not the season of dia yet,  and the downfall is made by the market suddem dump were almost all coins price affected. 

Kind of agree. DIA has the potential to get more higher price. I love the people who always say it will drop. No reasoning, but that's why it'll go more higher. Everyone still bearish, give it some time then it give us happiness. I do believe that downfalls even itself has a advantage.

[South Park]

Don't know what is happening at this moment. Most of defi project lost their value incredibly. Especially for dia data, the recently successful defi token, launched IEO a months ago. Then it was start increasing incredibly, ATH around at $5.13  Sep 02, 2020 (3 days ago) but its only $2.09 today Sep 05, 2020. Just decrease more than half of its value within 48hours when it added binance exchange mainwhile

If you've seen the market recently you would see that DIA isn't the only one suffering from the market correction that we're currently experiencing. Bitcoin and Ethereum have both fallen more than 20% from the recent high. For altcoins (especially DeFi tokens) have had an average loss of 60%. Swipe, YFI, YFII to name a few. Dia was launched closer to the time when the change in trend happen. Despite this, I do believe in the projects mission and would be a good long term hodl (price is at a good bargain at the moment).

The DIA team recently announced an airdrop for the dia community members: https://medium.com/@diadata_org/dia-2020-airdrop-3f4753ca5cc6

This is understandable, bitcoin and ethereum are the two best coins on the market and if they fall 20% then the rest of the market will not only follow them but we will see even bigger drops, the only coins that do not follow this pattern are the ones that are in the middle of their own hype or the coins that have recently presented and upgrade on their code that is significant and their investors are happy about it, however right now we are seeing a slight recovery of the market and we will have to see if this means investors are ready for another round.

[Lycan70]

Now the price is $1.50 usd. It is slowly gaining price because of the latest announcement. They will aidrop DIA for tokenholders.

This is some part of the DIA Announcent if you are interested

"DIA 2020 Airdrop

As announced in our community update, DIA will take action to mitigate the adverse market effects from the KuCoin hack by giving back to our community and support the commitment to DIA via a community airdrop to long-term hodlers."

You can check airdrop details here:
https://medium.com/@diadata_org/dia-2020-airdrop-3f4753ca5cc6

[X-ray]

Now the price is $1.50 usd. It is slowly gaining price because of the latest announcement. They will aidrop DIA for tokenholders.

This is some part of the DIA Announcent if you are interested

"DIA 2020 Airdrop

As announced in our community update, DIA will take action to mitigate the adverse market effects from the KuCoin hack by giving back to our community and support the commitment to DIA via a community airdrop to long-term hodlers."

You can check airdrop details here:
https://medium.com/@diadata_org/dia-2020-airdrop-3f4753ca5cc6

That's much better rather than the team is still defending its old statement to do nothing for the kucoin hacked case. It looks like the price has already started to go up again.

It looks like people were buying DIA to be used for the long term investment to participate in the dia airdrop only. It's clear in the medium that has already stated some scenario.
If we are seeing from all of scenarios and why the scenario 4 is getting less compared than another scenario. It's 10 times less than other scenario.

[Reatim]

There is an altseason of a certain coin maybe its not the season of dia yet,  and the downfall is made by the market suddem dump were almost all coins price affected. 

Kind of agree. DIA has the potential to get more higher price. I love the people who always say it will drop. No reasoning, but that's why it'll go more higher. Everyone still bearish, give it some time then it give us happiness. I do believe that downfalls even itself has a advantage.

Downfall is advantageous for those who are looking for a chance to Buy Low and Sell High because in the end they will Buy when the fall happens and wait for a time like now when the value is climbing up.

But still Defi Projects still gives me double thinking if they are reliable or just another Bull type and dump.

For me that saw what happened in 2017 and 2018?i am hard to believe what makes pump for faster reason like these coins.

[pealr12]

Downfall of a project is just a normal on crypto, others will take the advantage to buy the coin while its down and sell them on the right time. Dia is a strong project because the team is active and always gives updates to thier community.

[Untomabur]

Don't know what is happening at this moment. Most of defi project lost their value incredibly. Especially for dia data, the recently successful defi token, launched IEO a months ago. Then it was start increasing incredibly, ATH around at $5.13  Sep 02, 2020 (3 days ago) but its only $2.09 today Sep 05, 2020. Just decrease more than half of its value within 48hours when it added binance exchange mainwhile

things like that are common for a new token or coin, especially now is the Hype from Defi, of course the volatility of the Defi token is very high,
like the case of YFI or YFII, the increase had occurred at $ 41000 for 1 YFI and now only at the price of $ 14000,
This decline is of course very detrimental to investors, DIA is also like that, DIA is from the DEFI project and is very volatile,
so you have to be careful to invest in projects that are hype.

[fourpiece]

I think the downfall of some new projects  is because most of the traders and investors are on the defi., they will follow were the hype is. Most of them only money is what they want, they doenst care even if the project is legit and have product, all they want is to earn money.

[Shasha80]

I think the downfall of some new projects  is because most of the traders and investors are on the defi., they will follow were the hype is. Most of them only money is what they want, they doenst care even if the project is legit and have product, all they want is to earn money.

I agree that new projects like DIA's token price have a downfall because investors only want to make money. So when there is hype,
it will immediately take profit, therefore the price crashes right now. So always be careful when investing in new projects, always do
research and analysis properly before deciding to invest in new projects. Moreover, most of the newly released new projects must be
dumped, so my advice is not to buy coins when they are released, better to wait a few months after release. So it's easier to analyze
these coins.

[CASTIEL05]

Don't know what is happening at this moment. Most of defi project lost their value incredibly. Especially for dia data, the recently successful defi token, launched IEO a months ago. Then it was start increasing incredibly, ATH around at $5.13  Sep 02, 2020 (3 days ago) but its only $2.09 today Sep 05, 2020. Just decrease more than half of its value within 48hours when it added binance exchange mainwhile

I think the main reason of this is the btc dominance. People are anticipating a major comeback of the price because bitcoin controls them. Altcoins are just go to the flow of bitcoin. Whenever it goes up and down, altcoins are going down.  DIA is a good coin, it has a lot of potential to surpass top altcoins due to its capability and being a defi project. However, because the market is at reversal period I think DIA is really hard to stabilized its market price. Well, I think the bul will approach again for the next months.

[shinratensei_]

I think the downfall of some new projects  is because most of the traders and investors are on the defi., they will follow were the hype is. Most of them only money is what they want, they doenst care even if the project is legit and have product, all they want is to earn money.

It's not. The hunters have been giving a small penetration to the price too. it looks like the traders and investors have been going back again to the DIA as there was a slight pump that happened to the price of DIA data.

The time for the downfall of dia data has already gone. I have already secured some DIA below $1 and im getting decent profit.

Just wanna see another pressure that will be make by the hunters. Buy moreee !!!!

[Reatim]

I think the downfall of some new projects  is because most of the traders and investors are on the defi., they will follow were the hype is. Most of them only money is what they want, they doenst care even if the project is legit and have product, all they want is to earn money.

It's not. The hunters have been giving a small penetration to the price too. it looks like the traders and investors have been going back again to the DIA as there was a slight pump that happened to the price of DIA data.

Same with all defi coins this past weeks in which prices are going Ups and down so i think nothing is different with this DIA.

The time for the downfall of dia data has already gone. I have already secured some DIA below $1 and im getting decent profit.

meaning you have already sold all your DIA coins ?

Just wanna see another pressure that will be make by the hunters. Buy moreee !!!!

What about hunters?their days has already gone because for sure they have sold all their coins after the ICO.

[ashmodeus]

DeFi is an investment with a very high risk, even CZ also shared on his twitter, the bigger the market, the bigger the risk of falling because of the greater liquidity and most of the price movements are focused on the largest volume of 1 exchange. It's no wonder why Binance is so alert to all these new defi projects, and what we can see now, downfall together , but raise up depending on market behavior.

[South Park]

I think the downfall of some new projects  is because most of the traders and investors are on the defi., they will follow were the hype is. Most of them only money is what they want, they doenst care even if the project is legit and have product, all they want is to earn money.

While some say this as if it is bad thing it is obvious that the purpose of investing or trading must be to earn money and that should always be the priority, if the market is showing a great interest in DeFi projects then it will be irresponsible for a trader to not be on that market as well since it presents the best opportunity to make fast profits, however the difference is that many traders invest in anything that has the DeFi tag not understanding that not all projects are made equal and that just as they have moved to the market of DeFi coins to make money the same is true for scammers and they need to protect their money from them.

[Justin999]

I'm so confused about defi tokens.it is hard to trust them looking after so many downfall and scam of defi project. If it is about defi dia data, then it is a good token.even already listed on so many popular exchanges binance, kucoin, huobi & others.don't know whether dia data can even reach to 5$ or not but it already start Pumping, has good potential to survive in market succesufully

[cryptoknightt]

I think it's a natural thing because there are so many defi projects so we don't know which project the fomo will go to.
and regarding binance, they list defi tokens to get a steady stream of daily market volume, to keep turnaround on their exchange.

[South Park]

I'm so confused about defi tokens.it is hard to trust them looking after so many downfall and scam of defi project. If it is about defi dia data, then it is a good token.even already listed on so many popular exchanges binance, kucoin, huobi & others.don't know whether dia data can even reach to 5$ or not but it already start Pumping, has good potential to survive in market succesufully

You are doing nothing wrong the only coin that you can trust 100% is bitcoin but for the rest a shadow of doubt should still linger on the back of our minds and taking into account the huge amount of scams we see in the market it is fair to wonder if it is not a good idea to give up on the majority of those coins and just stick with the coins that have a proven track record of being trusted, yes you are going to miss on those huge profits, but it is not like you are getting them now don’t you? But the best part is that you will protect yourself from losing all your money to scammers which is way more common.

[SlimShadyMmp]

I really dont know whats wrong with DIA i actually went in after Binance listing and then it dumps so hard I just hope it makes a comeback soon Is still a credible project maybe their marketing or just too many oracles in the market

[koang]

I really dont know whats wrong with DIA i actually went in after Binance listing and then it dumps so hard I just hope it makes a comeback soon Is still a credible project maybe their marketing or just too many oracles in the market

The price of DIA was affected badly by the KuCoin hack.
The hack and negative attitude of Kucoin and the passivity of DIA
Many requests for Kucoin update in DIA community, at least we get an AMA to know what's happening on this
But I think DIA has the potential to get a higher price, The number of coins in circulation is very small.
This will increase the value of the coin.
The team has to give the right news at the right time.
If all this happens, Dia will fly.