Important Levels for Bitcoin Intraday

The BTC/USDT pair has lost 0.21% in the last 24 hours and is currently trading at $72,354. Bitcoin continues its sideways movement, with potential spikes both upward and downward. A close above $73,800 is needed for an upward trend, but caution is advised as spikes can occur, followed by significant pullbacks. The support range is between $71,800 and $70,200. It’s essential to wait for a confirmed close before taking positions.

Ethereum (ETH): The ETH/USDT pair has lost 1.46% in the last 24 hours and is currently trading at $2,641. Resistance levels are at $2,684 and then $2,750, while support levels are at $2,635 and $2,525.

BNB (BNB): The BNB/USDT pair has dropped 3.14% in the last 24 hours, trading at $583. Resistance levels are at $596 and $612, with support at $575 and potentially $525 if the decline deepens.

Avalanche (AVAX): The AVAX/USDT pair has decreased by 2.05% to $25.85. Resistance is at $27 and $29, while support is at $25.80 and $23.80 if the decline continues.

Dymension (DYM): The DYM/USDT pair has fallen 3.31% to $1.51. Resistance is at $1.60 and $1.80, with support at $1.47 and $1.27 if the decline deepens.

Trending Coins: In the last 24 hours, trending coins include Grass (GRASS), RabBitcoin (RBTC), and Phil (PHIL). The top gainers are Grass (GRASS), PONKE (PONKE), and Fwog (FWOG). The most significant losers are DOG*TO*THE*MOON (RUNE) (DOG), Metaplex (MPLX), and Gigachad (GIGA).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map for Bitcoin, the notable liquidation level on the upper side is $73,168, with a liquidation amount of $28 million. On the lower side, the key level is $71,741, which has a liquidation amount of $27 million.

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What is Dymension?

Dymension is a groundbreaking digital infrastructure in the cryptocurrency world, offering a unique version of the internet that provides a secure, interactive, and liquid environment. The Dymension platform is specifically designed for specialized applications called RollApps. These are typically small programs tailored to perform specific functions.

Dymension can be likened to digital “land,” where RollApps securely reside and operate. The platform acts as a digital “bridge” that facilitates seamless communication between these applications and the broader crypto economy. This means that each application can operate independently while still interacting with other applications and services.

To ensure platform security, Dymension utilizes its native cryptocurrency, DYM. Security in this system is maintained by validators, who are responsible for safeguarding the platform and verifying transactions. These validators stake DYM tokens, locking them as collateral to ensure the smooth operation of the system.

One of the platform’s standout features is its built-in Automated Market Maker (AMM). This mechanism allows RollApps to share liquidity (i.e., the ease of buying and selling assets) among themselves and with the broader crypto economy. This feature enhances the efficiency of asset transfers and transactions between different applications.

In summary, Dymension is an innovative platform in the crypto and blockchain technology space that enables applications to connect more securely, interactively, and liquidly with each other and the broader economy. This platform makes blockchain technology more accessible and user-friendly for both beginners and experienced users.

What is DYM Coin?

DYM Coin is the native cryptocurrency of the Dymension ecosystem and plays a crucial role in ensuring the platform’s security.

DYM tokens are used within the DPoS (Delegated Proof of Stake) mechanism to select and reward validators, which helps maintain the network’s security and stability.

What is DYM Coin Used For?

DYM Coin serves several functions within the Dymension ecosystem. Primarily, it is staked by validators as part of the network’s security. Additionally, it is used to pay transaction fees within the platform, participate in governance voting, and facilitate trading within the ecosystem through the built-in Automated Market Maker (AMM), which simplifies liquidity and asset transfers between RollApps.

How to Buy DYM Coin

DYM Coin can be safely traded on Binance, the world’s largest cryptocurrency exchange by trading volume.

To purchase DYM Coin, you must first sign up for an account on Binance. After completing the registration, you’ll need to transfer cryptocurrency or fiat currency, such as Turkish Lira, to your Binance wallet. Once the transfer is complete, you can buy DYM Coin using any of the available pairs.

To make a purchase through the DYM/USDT trading pair on Binance, navigate to the pair’s trading interface. In the “Limit” tab, enter the amount you wish to buy and complete the transaction by placing a “Buy DYM” order.

By following these steps, you can safely acquire DYM Coin on Binance, one of the most trusted cryptocurrency exchanges globally.

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Crypto Market Analysis

SEI Analysis:

SEI has been earning its investors for a few days. Currently trading at $0.97 according to TradingView data, SEI’s support and resistance zones are $0.8 and $1.

BEAM Analysis:

According to TradingView data BEAM currently trading at $0.031. Resistance level of BEAM $0.033 and support level is $0.027.

DYM Price Analysis:

As SEI and BEAM, DYM is also the standout cryptocurrency on the market. DYM currently trading at $8.24 according to TradingView. It was published on Binance on 6 February. DYM started trading at $0.2 in 9 days DYM rose about 4020%. DYM’s resistance level is $8.7 and support level is $7.8.

PYTH Price Analysis:

Yesterday PYTH stayed bullish and rose about 6%. Today PYTH investors realising their earnings and cryptocoin is down 2.7%. Resistance for PYTH is 0.68$ and support level is 0.6$.

DIA Price Analysis:

The past week has been a rollercoaster for DIA. Today, it rose 3 percent and earned its investors. While the support level in DIA is 0.43 dollars, the resistance level is 0.49 dollars.

With Bitcoin exceeding $52,000 and money flowing into the market, altcoins are on the rise. However, a possible bad data in the market may also lead to declines in all cryptocurrencies, especially Bitcoin.

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The AltLayer (ALT) token and claiming process went live on January 25 at 9:00 UTC. While 300 million tokens were allocated in the initial airdrop, the total, with an average daily price of $0.32, amounts to about $96 million at current prices. Don’t worry, you will have a month to claim your $ALT tokens.

Celestia investors who want to participate in the ALT airdrop will have to wait a while longer, as AltLayer stated that “technical differences in the demand mechanism” for Celestia are delaying the airdrop.

Dymension Airdrop

Multi-layer rollup distributor Dymension plans to launch its Mainnet soon and will airdrop 70 million DYM tokens, which will be distributed primarily to Celestia investors and Pudgy Penguin unique token holders, but will also be distributed to Solana and Ethereum ecosystem participants.

The claim period for Dymension ended on January 21, so investors who did not claim the airdrop have now missed out. According to pre-market perpetual futures trading on decentralized exchange Aevo, the Dymension airdrop will be worth about $210 million to its recipients at current prices.

DYM is currently trading at around $3 in pre-market transactions. Meanwhile, Solana-based decentralized exchange Jupiter confirmed that it will launch its JUP token on January 31. A total of 1 billion tokens are being distributed during the airdrop, and with the current JUP perpetual futures trading at around $0.41 in pre-market, the airdrop will be worth about $410 million at current prices.

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