Dymension ($DYM) Coin Analysis, Price, Market-cap and Future Predictions

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Dymension is like a big framework for different smaller blockchain applications called rollups. These rollups are like specialized sections of the blockchain that handle specific tasks.

Dymension's main job is to make sure these rollups work together smoothly and securely. It does this by using a standard way for them to communicate called the Inter-Blockchain Communication (IBC) protocol.

Think of Dymension as a sort of foundation for these rollups, making sure they follow the same rules and work well together, just like the ERC standardizes tokens on Ethereum. This setup makes it easier to create new blockchain applications (called RollApps) that can handle lots of transactions really quickly.

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Price:

Today, 9th February 2024,The price of Dymension ($DYM) is $7.90 USD. Over the last 24 hours, people have traded DYM coins back and forth, with a total value of $618,825,101.

The price of DYM has gone up by 30.23% in the last day, meaning it's worth more now than it was yesterday. Overall, the total value of all the DYM coins in circulation right now is $1,142,802,300. There are currently 146,000,000 DYM coins being used, out of a maximum possible supply of 1,000,000,000 DYM coins.

The highest price ever paid for Dymension (DYM) was $8.16. This happened on Feb 08, 2024, which was about 12 hours ago. On the other hand, the lowest price ever paid for Dymension was $3.54. This occurred on Feb 06, 2024, which was 3 days ago.

Compared to that lowest price, the current price of $7.83 is 121.90% higher. So, even though it's not at its highest, the price is still significantly up from its lowest point.

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Market-cap:

The market capitalization of Dymension (DYM) is $1,143,882,949. This number tells us how much the entire DYM market is worth. It's calculated by multiplying the price of one DYM token by the total number of DYM tokens that are available for trading.There are currently 150 million DYM tokens available for trading on the market. So, if you multiply the price of one DYM token by 150 million, you get the total market capitalization of Dymension.

Future Predictions:

In 2024, the projected prices for Dymension (DYM) are as follows:

The lowest expected price is $3.5.

The average predicted price is $6.

The highest anticipated price is $9.

These predictions suggest the potential price range for Dymension throughout the year 2024.

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