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DIMO

DIMO priceDIMO

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Quote currency:
USD
DIMO
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USD
1 DIMO = 0.2902 USD
Last updated 2024-04-25 14:21:28(UTC-0)

DIMO price live data summary

The live price of DIMO is $0.2902 per (DIMO / USD) today with a current market cap of $63.88M USD. The 24-hour trading volume is $827,409.54 USD. DIMO to USD price is updated in real time. DIMO is -3.09% in the last 24 hours. It has a circulating supply of 220,146,180 .

What is the highest price of DIMO?

DIMO has an all-time high (ATH) of $0.7296, recorded on 2023-12-19.

What is the lowest price of DIMO?

DIMO has an all-time low (ATL) of $0.01871, recorded on 2022-12-16.

DIMO price prediction

Set your prediction

When is a good time to buy DIMO? Should I buy or sell now?

When deciding whether to buy or sell DIMO, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DIMO technical analysis can provide you with a reference for trading.
According to the DIMO 4h technical analysis, the trading signal is Strong sell.
According to the DIMO 1d technical analysis, the trading signal is Strong sell.
According to the DIMO 1w technical analysis, the trading signal is Neutral.
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DIMO price performance in USD

24h7d30d90d1yAll-time
-3.09%+1.87%-42.22%-39.84%+19.26%--

DIMO price history in USD

TimeLowHigh
24h$0.2856$0.3035
7d$0.2832$0.3323
30d$0.2747$0.4821
90d$0.2747$0.5867
1y$0.06431$0.7296
All-time$0.01871(2022-12-16, 1 years ago )$0.7296(2023-12-19, 128 days ago )

DIMO market information

Market cap
$63,880,734.06
-3.09%
Fully diluted market cap
$290,174,162.85
-3.09%
Volume (24h)
$827,409.54
-12.08%
Market rankings
Circulation rate
+22.00%
24h volume / market cap
0.0129
Circulating supply
220,146,180 DIMO
Total supply / Max supply
1,000,000,000 DIMO
1,000,000,000 DIMO

DIMO ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

About DIMO(DIMO)

What Is DIMO?

DIMO, short for Digital Infrastructure for Moving Objects, is an open and user-owned IoT network designed to revolutionize the automotive sector. It aims to create a rich, open ecosystem of composable building blocks. At its core, DIMO facilitates the use of verifiable, rich data, enabling the development of better versions of existing businesses, such as more efficient car marketplaces and cheaper insurance options. Moreover, it paves the way for entirely new categories of applications, including vehicle-to-everything (V2X) communication, distributed mapping solutions, and peer-to-peer sharing and sales.
The significance of DIMO lies in its approach to addressing the misalignment of incentives among equipment manufacturers, regulators, and end-users like drivers and fleet owners. Traditional models often lead to violations of privacy, security, and interoperability. DIMO seeks to rectify this by fostering a more aligned, user-centric ecosystem. This approach not only enhances user experience but also ensures better compliance with privacy and security standards, making it a pivotal development in the automotive and data industries.

Resources

Official Documents: https://docs.dimo.zone/
Official Website: https://dimo.zone/

How Does DIMO Work?

DIMO operates on the principle of decentralization and community alignment, differing significantly from traditional venture-funded models. Unlike platforms that rely on external funding and advertising to grow their network, DIMO focuses on rewarding early adopters and fostering a grassroots community. This model ensures that the users who contribute to the platform's growth have a stake in its success, aligning long-term interests between the platform and its users.
The platform's functionality is deeply integrated with the DIMO token, which plays a crucial role in its ecosystem. Transactions involving the sale of user data, purchases of products and services, and participation in the network all require the use of DIMO tokens. This mechanism not only facilitates transactions but also contributes to the token's value by burning a portion of DIMO during transactions, reducing its overall circulation. Additionally, token holders have significant control over the network, with the ability to vote on upgrades, protocols, and other key decisions, ensuring a democratic and user-driven governance model.
Furthermore, DIMO incentivizes businesses producing compatible hardware and apps to invest in the ecosystem by requiring them to stake DIMO tokens. This staking mechanism, akin to a security deposit, ensures that these stakeholders are committed to the long-term success of DIMO, creating a robust and sustainable platform.

What Is DIMO Token?

DIMO is the native token of the DIMO ecosystem, serving multiple critical functions. It is used for buying data, with transactions involving user data sales requiring DIMO. A portion of these tokens is burned in each transaction, reducing the total circulation and adding to the token's value. The token is also essential for accessing products and services within the DIMO ecosystem, further integrating it into the platform's operations. Token holders can vote on protocol changes, software upgrades, and other critical decisions, effectively controlling the network's direction.
The distribution of DIMO tokens is designed to prioritize community and user involvement. Of the total supply of 1 billion DIMO, 70% is allocated to the community and the DAO treasury, underscoring the platform's community-first approach. This allocation ensures that the majority of the tokens are in the hands of those who actively contribute to and use the network. The remaining 30% is divided between the project team and investment partners, with a structured lock-up period to ensure long-term commitment.
Earning DIMO tokens is primarily through driver rewards, a system designed to incentivize users for their participation and contribution to the network. In the early stages, rewards are based on Baseline Demand Signal, with a plan to shift the balance as the network grows, reducing the need to inflate the circulating supply of DIMO indefinitely. This model is similar to other web3 networks, where rewards evolve over time based on network activity and contribution.

What Determines DIMO’s Price?

The price of DIMO, like any cryptocurrency, is influenced by a complex interplay of factors, making it a subject of interest for those analyzing the price prediction of cryptocurrency in 2024 and beyond. Key determinants include market demand and supply dynamics, technological advancements within the DIMO ecosystem, and broader market sentiments in the blockchain and cryptocurrency sectors. As investors and users increasingly recognize the utility of DIMO in enabling a decentralized, data-driven automotive ecosystem, demand for the token rises, potentially driving up its price. This demand is closely tied to the adoption rate of DIMO's technology and its perceived value in providing innovative solutions in the automotive industry. Additionally, the historical charts of DIMO provide insights into its price trends, offering investors and analysts valuable data for making informed predictions and decisions. These charts reflect not only the token's past performance but also the impact of significant developments within the DIMO network and the broader crypto market. For those considering whether DIMO is a good investment, it's essential to consider not only its current utility and market position but also its potential for future growth and integration within the rapidly evolving blockchain and automotive sectors. As with any investment in the volatile cryptocurrency market, thorough research and a keen understanding of market trends are crucial for making informed decisions.
For those interested in investing or trading DIMO, one might wonder: Where to buy DIMO? You can purchase DIMO on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.


How to buy DIMO (DIMO)

Buying DIMO on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy DIMO (DIMO) .

Trade DIMO perpetual futures

After having successfully signed up on Bitget and purchased USDT or DIMO tokens, you can start trading derivatives, including DIMO futures and margin trading to increase your income.

The current price of DIMO is $0.2902, with a 24h price change of -3.09%. Traders can profit by either going long or short onDIMO futures.

Join DIMO copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or DIMO tokens, you can also start copy trading by following elite traders.

DIMO news

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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

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People are also inquiring about the price of DIMO.

What is the current price of DIMO?

We update our DIMO to USD price in real time. Get the live Price of DIMO on Bitget.

What is the 24 hour trading volume of DIMO?

Over the last 24 hours, the trading volume of DIMO is $827,409.54.

What is the all-time high of DIMO?

The all-time high of DIMO is $0.7296. This all-time high is highest price for DIMO since it was launched.

Can I buy DIMO on Bitget?

Yes, DIMO is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy DIMO guide.

Can I get a steady income from investing in DIMO?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy DIMO with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying DIMO online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy DIMO, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your DIMO purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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DIMO is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support DIMO trades.
You can trade DIMO on Bitget.

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DIMO resources

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