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DIA coin price prediction: Can it ever reach $5 again?

By Ankish Jain

Edited by Alexandra Pankratyeva


Updated

DIA coin price prediction chart
Now that it is listed on Coinbase, will the DIA coin – the token of Decentralised Information Asset – go up? – Photo: Shutterstock

Decentralised Information Asset (DIA) is an organisation that produces the little packets of data called oracles often used in smart contracts for DeFi apps.

Since peaking at the beginning of April it has been on the slide and today (3 May) is priced at $0.77 some 35% off that April high. 

It is a far cry from the near 50% boost it got on 17 February when it announced it was teaming up with the UK FCA-regulated crypto index provider CF Benchmarks to bring its crypto index reference prices as feeds in its guest oracles.

However while the market initially liked the move, the price of the coin subsequently dropped from $1.44 to $0.96. 

So, what is a realistic target price for DIA in 2022 and the future beyond?

This article will review the up to date DIA price predictions, fundamental analysis, news and other relevant information to help you decide if DIA deserves a place in your portfolio.

DIA price prediction

What is DIA coin?

DIA is an open-source platform offering data for smart contracts miners use in processing transactions. For example, if a transaction is programmed to execute only if “X” event occurs, the smart contract will gather data from oracles indicating whether or not the condition was met.

The oracle acquires, validates and transmits this data to the requesting parties, allowing the contract to continue processing transactions.

The primary feature distinguishing DIA from other oracles is that data is gathered and evaluated exclusively by stakeholders via crowdsourcing, in a comparable manner as that used by Wikipedia.

It’s an entirely user-controlled system in which users receive rewards (coins) in exchange for their data-finding efforts. These rewards are DIA coins.

DIA coins are used to reward data providers in the DIA network. These coins can also be used to make payments, trade and vote on improvements to the DIA network, which is based on the ERC-20 Ethereum protocol.

DIA architecture

USD/JPY

158.66 Price
+0.370% 1D Chg, %
Long position overnight fee 0.0111%
Short position overnight fee -0.0193%
Overnight fee time 21:00 (UTC)
Spread 0.010

GBP/JPY

205.44 Price
+0.320% 1D Chg, %
Long position overnight fee 0.0104%
Short position overnight fee -0.0187%
Overnight fee time 21:00 (UTC)
Spread 0.040

EUR/USD

1.09 Price
-0.150% 1D Chg, %
Long position overnight fee -0.0088%
Short position overnight fee 0.0006%
Overnight fee time 21:00 (UTC)
Spread 0.00006

AUD/USD

0.67 Price
-0.580% 1D Chg, %
Long position overnight fee -0.0065%
Short position overnight fee -0.0017%
Overnight fee time 21:00 (UTC)
Spread 0.00006

How does the DIA coin work?

When DIA launched its first round of Initial Coin Offering (ICO) token sales in 2020, it raised $15m, validating the demand for its tokens. As a result, DIA coins are now accessible on exchanges like Binance, Uniswap and Gate.io.

DIA has introduced its Interest Allocation Program, through which DIA token holders can earn up to 20% in interest over periods ranging from nine to 24 months. With initiatives like these, DIA aims to encourage long-term ownership of DIA coins while balancing market dynamics.

The typical path of the DIA crypto on the DIA network and blockchain is as follows:

It starts when DeFi, such as a smart loan, is issued and requires data originating outside the blockchain (voting results, temperature, etc.). In this case, stakeholders construct a data ticket using DIA coins to acquire precise and actual information to meet their obligations.

Data providers are responsible for gathering data through techniques such as scraping. Network analysts then analyse this data. Once confirmed, the data becomes public on the DIA platform.

Cryptocurrency ​​ DIA (Decentralised Information Asset)

DIA coin news and highlights

  • Non-fungible tokens (NFTs) received unprecedented global attention and demand in June 2021. DeFi initiatives that permitted the use of NFT tokens as collateral boosted the number of DeFi transactions that used Oracle. DIA is evolving into a data-collection, standardisation and distribution platform for NFTs.

  • DIA announced a collaboration with Polkastarter in October 2020. The deal will introduce price oracles to Polkastarter to facilitate DeFi trading, pricing and anti-slippage capabilities based on transparent and auditable price oracles.

  • According to Forbes, although the hype around NFTs has calmed down, people were buying and selling an estimated 85,787 NFTs at a total value of $5.8m (£4.3m, €5.1m) a day, according to application tracking firm DappRadar.

  • In the autumn of 2021, DIA announced deals to provide its services with Solana, Avalanche, NEAR, Arbutum, Nervos, Celo, Chaingang, Moonriver and Dyfn on top of other deals with the likes of Polka Loki, Tixl, Mettalex, Binance Smart Chain and other entities operating in different crypto-industry areas earlier in the year.

  • More recently, 19 January 2022, DIA announced that its would be the first oracle provider to integrate with the Astar Network, running in the Polkadot Relaychain. The oracle deployment will let DeFi applications on Astar to connect easily to data from the outside world. 

  • On 24 January DIA announced it was getting a listing on the crypto exchange Coinbase which caused its price to shoot up by 44%.

  • On 21 February, DIA announced that it has integrated its open-source oracle infrastructure with the crypto payments and decentralised finance (DeFi) platform Fuse. The aim is to make it easier for smart contracts deployed within the network "to natively access accurate and transparent market data."  

DIA coin price prediction and technical analysis 

According to CoinMarketCap, the current price of the DIA coin was $0.95 as of 3 May 2022, with a market capitalisation of $55.5m, ranking it at position 481 in terms of market value. DIA coin’s supply limit is capped at 200 million, with a circulating supply of 72.4 million. 

The current price of the DIA coin is down nearly 87% from its all-time high of $5.79 on 5 May 2021. 

DIA price prediction 2022–2027

In its DIA coin price prediction Wallet Investor, an algorithm-based forecasting tool, has becoame increasingly bearish on the long-term DIA/USD forecast as 2021 progressed. Today (3 May) it predicted the price of DIA may be $0.04 by this time next year. It forecasts an average price of $0.05 in May 2027.

When reviewing DIA price predictions it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

We recommend that you always do your own research, and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. And never invest more than you can afford to lose.

FAQs

Is DIA cryptocurrency a good investment?

DIA coins are intrinsically related to the DeFi sector. As more DeFi contracts continue to trust DIA’s novel approach to data collection via crowdsourcing, DIA coins may gain traction. However, prices have been weakening since May 2021. To get a better picture of DIA’s outlook, it’s essential to monitor its next moves and make your own analysis before entering a trade.

Where to buy the DIA token?

You can purchase DIA coins on platforms like Coinbase and Binance, which has the highest DIA token-trading volume.

Can the DIA token reach $10?

According to the analysts surveyed, the price of the DIA coin is unlikely to hit $10 any time soon. The cryptocurrency market is very volatile, and long-term forecasts can’t be considered the most reliable source of information.

Always make your own thorough fundamental and technical analysis before you decide if the cryptocurrency is worth including in your investment portfolio. 

Read more: Solana (SOL) price prediction: is it a SOLid investment?

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