Dimecoin (DIME)
Market Cap
$906,420 USD
Volume (24h)
$362 USD
Dimecoin investment analysis
This older cryptocurrency from 2014 is meant to be used for micropayments. It's a Quark-based currency which features low fees and was recently brought back from the dead. While the original developers had abandoned this project, some community members have taken over. Not only have they revamped the website and released new, slicker wallets, but they've also updated the roadmap, and they've added several new goals to their list.
As an investment vehicle, you should be aware that this coin will likely be a poor store of value. The supply for this asset is enormous, and it will be difficult for it to gain substantial value with such a large supply.
However, there's still some room to make money here on price spikes if you're interested in a Dimecoin investment, and you don't mind having a little more realistic expectations. You'll also be able to purchase a large sum of these coins for a small price. This project will also be switching to a Proof of Stake algorithm soon, and you'll be able to earn some interest on your investment by minting new coins.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
How to buy Dimecoin?
Investors can buy Dimecoin on a surprisingly large number of exchanges, however, the liquidity is not split evenly between them. This means that while there is plenty of trading volume to support a trade, there's not a lot of options when it comes to which exchange you can use. Likewise, the trading pairs are also kind of limited, but there is room for trades in BTC, ETH, LTC and Doge markets depending on whether the price is good or not. This can be a risk in low volume pairs, so be careful.
In order to store your coins safely, you'll need to use the official wallet from the team's website. The development team has created several installation packages, and they are available for most major operating systems whether you use Windows, Linux, Mac or Android for your coin storage. The iPhone wallet is currently still under development though, and you'll need to wait a bit if you'd prefer to use that option instead.
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