In a recent surge, DIA’s price has experienced an impressive increase of over 30% in just 24 hours. This spike followed a period of 15 days of price accumulation, culminating in a forceful breakout yesterday that led to a peak increase of more than 60%, before settling at $1.09.
The upward movement appears to be part of a broader bullish trend for DIA, coinciding with its breakout from a long-term descending channel observed weeks prior.
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While there are no specific fundamentals driving this price increase, it seems that the token is gaining heightened attention within the crypto community.
Strategic Partnerships Driving Interest
Recent announcements from the DIA ecosystem, particularly the partnership with GOAT Network, have contributed to this enthusiasm. The collaboration aims to integrate DIA’s suite of oracles, which includes custom price feeds for major cryptocurrencies such as Bitcoin, Ethereum, USDT, and USDC, as well as a randomness oracle.
his integration is set to enhance the GOAT Network, which is innovating within the Bitcoin Layer 2 space, allowing developers to build decentralized applications that leverage Bitcoin’s security and liquidity.
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Partnership with @GOATRollupWe are thrilled to announce that DIA has partnered with GOAT Network, integrating our suite of oracles, including custom price feeds for $BTC, $ETH, $USDT, and $USDC as well as our randomness oracle. pic.twitter.com/lZNnac9NrZ
— DIA | Cross-Chain Oracles for Web3 (@DIAdata_org) October 17, 2024
Additionally, DIA has partnered with PlutusDAO to integrate a custom oracle on the Arbitrum network, enhancing the launch of a smart liquidity pool. This partnership further strengthens DIA’s position by providing reliable price data aggregated from over 100 exchanges across multiple Layer 1 and Layer 2 networks.
The accumulation phase followed by these strategic partnerships has excited many bulls, leading to a notable price rally. Overall, the combination of technical breakout and growing ecosystem engagement has positioned DIA favorably in the market.
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The post Here’s Why Dia Crypto Price Is Pumping appeared first on CaptainAltcoin.
