In this article, we look at the latest relevant news about the crypto-themed projects Tribe, Dimo, and Sei. From the Ethereum Community Conference (EthCC) event in Brussels, very interesting news arrives for the cryptographic sector, which is worth discussing.
Let’s take a look at the charts of the respective currencies TRIBE, DIMO, and SEI and observe how they are moving in the market at this very delicate speculative moment.
All the details below.
Latest updates on the Dimo and Sei projects during the Ethcc event in Brussels
From the crypto event Ethereum Community Conference (EthCC) in Brussels, very interesting updates are coming for the DePin Dimo project and for the Sei blockchain.
Starting from Dimo, we report what was explained by the developer “@zer0stars” regarding the cohesion between the world of automobiles and cryptocurrencies.
The cryptographic expert presented to the public their DePin network of open connection vehicles that return data to the driver, helping them earn rewards.
Dimo aims to provide incentives for driving data offered by motorists, creating the conditions for a decentralized environment where new technologies can be built.
These data can indeed be transferred to app developers and third-party companies in exchange for a financial reward.
The creation of a verified connection with cars allows users, in addition to earning crypto, to obtain more favorable loans, cheaper insurance, and more efficient maintenance.
To achieve the goal of a wide and open Depin network, it is necessary to improve some technical details of the automotive world: among these, the batteries of electric vehicles, autonomous driving systems, traffic mapping, road quality, cellular coverage, etc. emerge.
Permissionless minting + open marketplaces = a totally new app ecosystem for cars 
@zer0stars breaks it down at Proof of Data summit during @EthCC https://t.co/M3Yjl28ZX3
— DIMO 
(@DIMO_Network) July 9, 2024
As for the cryptographic network of Sei, we see how at EthCC the co-founder Jay Jog spoke about the advent of parallel execution blockchains.
According to the representative of Sei Labs, despite most chains going through single-threaded execution environments, the cryptographic landscape will change completely soon.
You, as well as Solana, Aptos and Sui, instead leverage a parallel execution infrastructure that allows processing non-conflicting transactions simultaneously.
This allows benefiting from high-performance blockchain and being able to create your own L2 of Ethereum and sovereign rollups. Furthermore, this type of approach does not limit at all the composability with other protocols and other EVM execution environments.
It is clear that, given the increasingly incessant need for high throughput to meet the existing blockscape demand, parallel execution will become a standard in the future.
As stated by Jay, over the years, all cryptographic networks will move towards a vision of parallel execution, to the point of becoming the preferred on-chain setting.
#ParallelSummit at @EthCC starts now!
Tune in here 
https://t.co/rJBf4QPyRn
— Sei 
(@SeiNetwork) July 10, 2024
The DEX of derivatives Tribe is landing on Base with the Onchain Summer event
As for the Tribe derivatives trading platform, we cannot fail to mention the ongoing transition to the Base blockchain.
According to reports on X, during the Onchain Summer event, the innovative protocol will migrate to the cryptographic network led by Coinbase.
For those who don’t know, Tribe is an exotic infrastructure that allows decentralized trading of a wide range of NFT and RWA instruments.
In particular the platform allows leveraging (long or short) on blue chip NFT or on assets representing the real world such as sneakers, collectible cards, and watches.
The philosophy of Tribe is to make the speculation of collectible items increasingly simple and efficient, with low commissions and flexible executions.
Furthermore, in order for this world to fully reach its potential, it is necessary to operate at scale with large reserves of liquidity, opening up to free trading.
The landing on Base represents a step forward towards this ambitious goal.
Tribe3, an exotic assets derivatives dex where defi and culture collide, is coming to @base 
Join us this 
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ on our ambitious journey to build the go-to platform in speculating on price indices in NFTs, RWA collectibles and beyond
pic.twitter.com/BzKzTon0Sl
— Tribe3 (@Tribe3Official) June 24, 2024
At the moment the mainnet of Tribe is not yet active and we do not know exactly when it will arrive on Base. However, the transition should happen by the end of the summer, according to the Onchain Summer schedule.
The presence of such a vast network with a “degen” trend like Base will certainly help Tribe attract the desired liquidity.
We have already observed in February/March how Base traders are indeed so attached to the speculations of memecoin and highly volatile products.
An instrument as exotic as Tribe could create a lot of engagement around the trading of NFT and RWA derivatives, shifting the market’s eyes to a new potential trend.
Tribe3, an exotic assets derivatives dex where defi and culture collide, is coming to @base
Join us this OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ on our ambitious journey to build the go-to platform in speculating on price indices in NFTs, RWA collectibles and beyond pic.twitter.com/BzKzTon0Sl
— Tribe3 (@Tribe3Official) June 24, 2024
Price analysis of crypto TRIBE, DIMO, and SEI
Moving now to the charts, let’s see how the prices of the crypto TRIBE, DIMO, and SEI are behaving.
First of all, we can notice how all 3 have suffered the drawdown of BTC in June, reporting negative performance in the last 30 days.
Going into more detail, TRIBE seems to be the currency that has been the least affected by the unfavorable market conditions.
Despite the drop in prices of the entire altcoin sector, this cryptocurrency has only lost 4% in the last month. The quotations remain above the EMA 50 on the weekly time frame, highlighting a bull trend still in force.
In the last quarter, however, TRIBE seems to have been compressed around the trading range of 0.40-0.60 dollars, with a pause from its bull run.
For DIMO the situation does not seem as positive as that of TRIBE.
The crypto DePin, after the stellar last quarter of 2023 which led to increases of around 800%, found itself in the hands of the market bears.
Since the end of March, it has lost 73% of its value, nullifying much of the previous chart progress and suggesting further declines ahead.
To highlight in particular how of the last 18 weekly candles recorded, only 5 are positive with often flat performances, against 13 red ones.
Despite the project being very interesting and with ample growth opportunities, this crypto is not very appealing to investors.
The lack of utility in the on-chain environment and the wide dilution could make the difference in this context and bring more and more selling pressure.
Finally, even for SEI the chart against the dollar leaves a little to be desired, especially after the price action of the last few months.
Similarly to DIMO, the crypto of the SEI ecosystem is going through a period entirely marked by the bear.
Following significant increases achieved between the end of 2023 and the beginning of 2024, with performance around +900%, the outlook of the currency has turned bright red.
From the March top, it also loses over 70% of its value, so much so that it retraces much of the pumps recorded previously.
The on-chain activity on SEI and the development of decentralized applications continue to thrive, unfortunately, the speculation of the token does not have the same hoped-for success.
Traders at the moment remain bear on this crypto, at least until key levels such as the 0.50 dollar mark are recovered.