The world woke up to the news of Russia initiating military action against Ukraine as tensions kept escalating over the past few weeks. Due to the crisis between both nations, the stock market investors are responding negatively to the news.
Both the equities and cryptocurrency markets have crashed. At the time of writing, major stock market indexes like Shanghai SE Composite Index, Mumbai Sensex, and Australia ASX All Ordinaries were down 1.7%, 3.7%, 2.95%, respectively.
Meanwhile, the global crypto market cap had declined 9.4 per cent over the last day to US$ 1.59 trillion. The world’s oldest crypto, Bitcoin, was down 8.5 per cent, and ETH, the second-largest cryptocurrency, declined 12 per cent at the time of drafting.
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Almost all the cryptocurrencies are traded in the red. However, DIA crypto was up 10.4 per cent in the last 24 hours to US$ 1.05 per token. It appears that DIA crypto is gaining momentum as its one-day volume was up over 850 per cent at 5 AM EST on February 24.
What is DIA crypto?
Decentralized Information Asset or DIA is an oracle platform and is open-source. The platform allows actors in the crypto market to supply and share trustable data.
DIA is the governance token of the Decentralized Information Asset platform, and it is an ERC-20 token. Notably, governance tokens allow users to shape the future of a protocol.
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The surge in DIA crypto’s price could be due to a partnership update with Ola Finance, a platform for creating decentralized lending networks.
DIA took to Twitter and wrote that it would deliver crowd-sourced transparent oracles to power Ola Finance’s lending protocol running on Fuse, a blockchain-based on proof of stake.
Alternatively, the platform also announced liquidity provision incentive rewards. Last year, a decentralized autonomous organization-driven program was launched to incentivize liquidity provision for DIA.
Bottom line
The maximum supply of DIA crypto is 200 million, and there are 60.1 million DIA tokens in circulation. According to CoinMarketCap, the 52-week high of DIA crypto was US$ 5.79 apiece, and the 52-week low was US$ 0.7329 per token.
DIA crypto is listed on major cryptocurrency exchanges like Binance, Bidesk, OKEx, BiKi, and HBTC. The governance token can be used for data validation and collection, apart from voting on governance decisions.
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