Downfall of dia data (DeFi)

[Tahid12]

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

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[Metall303]

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

[optimisticcm]

Almost all coins are going down, it is a market correction also do not forget the DIA has grown from 5 cents to $5 which is over 100x gains in short span of time now it is undergoing correction which is natural because nothing can continuously and constantly keep going up.

[pawanjain]

Rather than calling it as a downfall we can call it as a major correction in Dia's price. It was quite expected since the coin increased a lot in price in a short span of time. It's not only with Dia but any coin which increases in price too soon has to fall back a little in order to give an opportunity to other investors to join in. It has also happened with bitcoin when the price increased to $20k and then dumped to $3k.
Corrections are expected in crypto. There's nothing to worry about since the price will increase again in future.

[Bttzed03]

Almost all coins are going down, it is a market correction also do not forget the DIA has grown from 5 cents to $5 which is over 100x gains in short span of time now it is undergoing correction which is natural because nothing can continuously and constantly keep going up.

Rather than calling it as a downfall we can call it as a major correction in Dia's price. It was quite expected since the coin increased a lot in price in a short span of time. It's not only with Dia but any coin which increases in price too soon has to fall back a little in order to give an opportunity to other investors to join in. It has also happened with bitcoin when the price increased to $20k and then dumped to $3k.
Corrections are expected in crypto. There's nothing to worry about since the price will increase again in future.

Can you really compare Dia who just launched recently to other coins and tokens who have been around for years? Surely you cannot call Dia's one month old trading data as "correction". PUMP AND DUMP is the correct term.

@OP, Dia is another project taking advantage of the DeFi hype. Don't be surprised if the price tanks even more. I tried to check the team on their website but it redirects me to download their picture 

[thesmallgod]

Majority of defi are hyped and traders invest in them for short term gain so it is nothing strange to see it getting dumped. Traders have moved on to another hyped defi. Yfi is one of the most hyped defi but as soon as the price went above 30k, few days later, yfii which is a fork from yfi occur and trader switched to that and get the original yfi dumped. As I am typing this message, yfi is around 22k due to massive dump

[cabron]

It had just started you already wanted it dead. This is a fud. Things happen just like the liquidity crisis months ago so this DIA isn't going die.

Things like this will probably happen often by now because of accumulation. Not just the whales are trying to grab every tokens available as investment, the small investors are also seeking an entry point such as dip like this.  The Defi is developing faster and the DEX we use to just ignore now are trying to kill the bigger exchanges with the growing volume.

[Rengga Jati]

Do you mean this one?
https://coinmarketcap.com/currencies/dia/
This is actually one of the promising coins that we can look forward to these days. Moreover, it has been listed on some big exchanges. we can check the exchanges here:
https://coinmarketcap.com/currencies/dia/markets/
So awesome if looking at how this starting pint to list the DIA.

But well, as the other coins, DIA also gets the influence of the market decrease. The price is down more than -18% in the recent 24 hours.
But, I think that it is something that we do not worry too much. because it probably follows the market condition right now where most cryptos are down.
We ca compare with the other coins such as Sushiswap and others that face decreases more than 30%.

[todiefor17]

It is a new project and there is no product like ChainLink or Band protocol. The discount is understandable because compared to the price that investors buy during the ICO is still 4.5 times higher. At the end of the day, they did, the current prices could drop even more until the project launches the product. We are in a bear market so don't expect any currencies, stay calm.

[SquirrelJulietGarden]

Will DeFi change the world? Will DeFi change the financial and blockchain technology?
Why too many DeFi projects are born in short period?

Be woke with Define the (scam) DeFi

Forks, swaps, borrow names of initial coins or tokens, restructure of masternode collaterals (from initial low to later higher) are popular scam strategies of scammers. You can see in images attached in my thread Define the (scam) DeFi there are hundreds of scam stake & Masternode coins (I listed 200 zero value coins only) and many of them borrow names: DogeCash, example.

I see DeFi projects are same as stake & masternode coins. The new scam DeFi projects are simply borrowing the DeFi hot word. Stake ~ Farm, similar too. Instead of use Ponzi, they used Lending to run their scam projects. Ponzi ~ Lending. ICO ~ IEO. They shuffle terms to scam more easily.

[ElmedoRator]

Almost all coins are going down, it is a market correction also do not forget the DIA has grown from 5 cents to $5 which is over 100x gains in short span of time now it is undergoing correction which is natural because nothing can continuously and constantly keep going up.

Yea, that's just a correction in this market. So we do not need to be too scared of it, the price of the DIA is still a lot higher than the ICO price. I believe that when bitcoin recovers, the price of DIA will go up right after that, bitcoin collapses and it is causing all altcoins to crash right now.

[Eco_111]

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

So? This project is just a must old and also Bitcoin is losing its ground, from 12 k per bitcoin to 10k, why putting blame on DIA project? Are you even watching the whole crypto market? Major altcoins are all in red, if DIA is at 2+ dollar it's a good time to buy not criticism

[Eco_111]

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

Bounty distribution time is not even here, I joined the group of the  BM who conducted DIA bounty campaign and it's clear on the group that distribution starts on 18th of September, today is 5th so no reward for bounty hunters yet

[Chukwunonso]

I personally don't see any downfall with DIA, I understand that there was a reduction in value which is eminent in the market. We have a major correction in virtually all the altcoin as bitcoin is undergoing a major correction. All I see is another opportunity for people to get into the market as prices are down.

[disconnectme]

This dump is not about a particular project, it is all the market, can you name one DEFI project that has not dumped significantly in the last 2 days. DIA is a good project with good team behind it and i think Binance also is an investor i the project, it will surely come back and reach the Band tokens price, I have no doubt about this

[rizkyalhabsy]

It seems that this DIA token is not the only one that has gone down, everything is also on the scale down at this time so I can't blame him because he entered the binance exchanges because binance is very influential for the tokens that go there. just wait for an interesting show at a later date for this DIA token

[killerfrost]

DIA's price is still many times higher than public sale, so I don't think this project is falling apart. It's just an adjustment after growth for a long time, and it's a good opportunity for those who want to invest in this project and hold them in the long term.

[Renampun]

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

I think the distribution of bounty rewards is not the right reason because the reward pool is small...

Almost all coins are going down, it is a market correction also do not forget the DIA has grown from 5 cents to $5 which is over 100x gains in short span of time now it is undergoing correction which is natural because nothing can continuously and constantly keep going up.

this is the right reason, in my opinion, the price increase that occurs in a very short time is most likely price manipulation, so the price decline will certainly be very drastic.

[$crypto$]

ATH will not be as long as it continues to stand, there will definitely be a correction that occurs, as now the increase in the DIA token can be said to be quite significant, even faster with its ups and downs, traders will be happy to see token movements like this.
But I think almost all DeFi tokens have experienced a great decline, whether this is a big correction where we have to look down again or it will indeed grow back after the current downturn, but what I know is that DIA tokens are quite significant in increasing their prices, even I often monitor them.

[luckyflop]

This entire market is collapsing, even ETH has collapsed over 30% in just a few days. So no need to fear for low-cap altcoins like DIA, its price will soon continue to go up if the market recovers in the coming days