Dymension Price Prediction: DYM Posts Highest Weekly Gains With 55% Pump, But With Time Running Out Before Launch, Traders Flocked To This Meme Coin ICO.

adminFebruary 11, 2024

join us telegram A channel to stay up to date on breaking news coverage

Dymension price has traded up 55% over the past 7 days. $7.6 As of 1:30 AM EST, it is showing the highest weekly gain among the top 100 cryptocurrencies by market capitalization.

Can I keep pumping? Not so according to Crypto Patel, who told his 23K

$SMOKE broken support
Bearish mode is now activated according to the chart.
Resistance: $7.45#Dimension https://t.co/JCRjacNDCn pic.twitter.com/mguixcwo32
— Crypto Patel (@CryptoPatel) February 9, 2024

Dymension Price Prediction: Will DYM Correct?

Looking at the 30-minute DYM/USD chart, the most recent candles are a mix of green (bullish) and red (bearish) candles with wicks on either side, so there are no clear signs that a correction is imminent. Some indecision in the market. There is no clear trend recently as the price is fluctuating within a certain range.

Additionally, the Woodies Commodity Channel Index (CCI) fluctuates around the zero line and does not show a strong trend. CCI indicates overbought conditions above +100 and oversold conditions below -100. The CCI in this image shows neither, indicating that the market is not currently overextended in either direction.

30-minute DYM/USDT chart | Source: TradingView

Dymension Price Prediction: Will DYM Continue to Grow?

On the other hand, Supertrend is green and below price and indicates a bullish signal. The Coppock curve is also above zero and is generally considered a buy signal. This indicator is used to identify long-term buying opportunities when it crosses from a negative to a positive number.

Accordingly, analyst Altcoin Sherpa, who boasts over 206K followers on

$SMOKE please go higher
It’s okay to broaden the scope here. Still optimistic about this but will be watching closely https://t.co/yAePf157Oi pic.twitter.com/f4uqpp7iKd
— Altcoin Sherpa (@AltcoinSherpa) February 9, 2024

A better alternative?

Meanwhile, new meme currency Sponge V2 is gaining popularity among investors who believe it can replicate the 100x gains its predecessor, $SPONGE, recorded last year. SpongeV2 has now been ranked by analysts as one of the following: Best meme coins to invest in for exponential profits, Some say this is a potential Pepe Coin killer.

Sponge V1, which has reached a market value of $100 million and has over 13,000 holders, has attracted the attention of industry giants such as Tron founder Justin Sun, who has now purchased $SPONGE worth about $90,000.

I decided to actively trade meme coins and promising projects through public addresses. Any losses that may arise from these transactions will be personally borne by me, and all profits generated will be donated to charity.
— HE Justin Sun Sun Yuchen (@justinsuntron) May 11, 2023

The official retirement of Sponge V1 took place on February 5th and all holders of $SPONGE Sponge V2Operates on the more secure Polygon network.

Stake-to-Profit

Investors can use Sponge V2 to stake their tokens with an incredible annualized return of 1,916%. Sponge V2 also introduces new features, the most notable of which is the Play-to-Earn (P2E) gameplay option.

Analyst Jacob Bury, who has over 27,000 YouTube subscribers, believes meme currency could potentially increase in value by more than 100 times.