DIMO
1. Fundamental Analysis
1.1 Introduce
The trillion-dollar automotive industry is grappling with the issue of compartmentalized or completely absent databases, where end-users have limited control over their underutilized data assets. These inefficiencies drain considerable value from transactions, and there is a glaring absence of open platforms that can address these issues effectively.DIMO emerges as a revolutionary platform aiming to do for the realm of mobility what cryptocurrency has successfully achieved in the financial sector: liberate data and establish a global platform accessible to developers, with an initial focus on automotive applications.DIMO gives users the ability to create a digital twin of their car on the blockchain (an NFT), stream verified data using the DIMO Miner (which contains its own EVM wallet), access applications (e.g., defi auto loans, p2p car sharing, web3 uber, pay-per-mile insurance), and earn the DIMO token.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | DIMO | Market Cap | 46980516.8 |
| Name | DIMO | White Paper | -- |
| Web Site | https://dimo.zone/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2022-12-12 |
| Available Supply | 280816000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line chart analysis indicates a bearish trend with a potential reversal. The asset has been experiencing a downward trend over the past few days, marked by higher highs and lower lows. However, there are signs of a potential reversal, such as a doji pattern on December 23rd and a bullish engulfing pattern on December 25th. The volume has been decreasing, suggesting a lack of conviction in the bearish trend. Future trends may see a consolidation phase before potentially reversing to a bullish trend.
