Deciding Whether to Buy DYP: Token Overview and Analysis

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5 Apr 2024

After transitioning to a new smart contract, the $DYP token has been extremely volatile. Its price has been all over the place – from as low as $0.017 to as high as $0.10. So, the combination of smart contract migration and this increased volatility put the Dypius crypto back on the map. As such, many folks are wondering whether or not they should buy $DYP? Well, if you are one of them, this article will help you decide what actions to take.

In today’s article, you’ll get to find out what the Dypius crypto is all about. As such, we’ll first cover the basics of the Dypius project. This is where you’ll find out when it went live, what challenges it aims to solve, and more. However, the main focal point of this article will be the Dypius crypto token ($DYP).
As such, we’ll take a look at the coin’s purpose, use cases, and tokenomics. Of course, we’ll also dive into the $DYP price and explain how you can use the power of Moralis Money to avoid the trap of speculative DYP price predictions.
In fact, with Moralis Money in your corner, you’ll be able to decide if/when to buy the Dypius crypto token. And for those of you who may decide to get a bag of this cryptocurrency, we’ll also explain where you can do so without breaking a sweat or the bank.

What is Dypius Crypto?

The Dypius crypto is a Web3 project that emerged back in 2020, launching its initial token on October 4 of that year. Since then, the project has been evolving and expanding in various directions of the crypto sphere.
According to Dypius’ official website and its X (former Twitter) account, its main focus is DeFi solutions. This is where “DYP Tools” enters the scene. However, the project also offers its own NFT collection that can be utilized within Dypius’ metaverse known as the World of Dypians.
So, instead of focusing on one specific Web3 niche, the project took a broader approach. Only time will tell if their approach will turn out to be successful or not.

Roadmap

The About page on the official Dypius website offers an interactive roadmap for 2020, 2021, 2022, and 2023. So, feel free to visit that page and explore the core milestones of the project so far. However, some of the highlights include the following:

Creation of a DeFi yield protocol (2020)
Launching of the initial DYP token (2020)
Launching of staking, yield farming, DYP vault, and DYP Tools (2021)
Cross-chain expansion (2021)
DYP Launchpad (2021)
Launching Cat and Watches Society NFT (2022)
CAWS Adventure 2D game (2022)
NFT staking (2022)
Launching a metaverse for the CAWS (2022)
Apps for iOS and Android (2022)
Launching a multi-chain DEX (2022)
Creating a beta testers program (2023)
Launching the Genesis Land NFTs (2023)
Metaverse multi-chain integration (2023)
Launching the CAWS Timepiece NFT collection (2023)
NFT marketplace introduction (2023)
Multiplayer demos (2023)
DYP v2 migration (2023)

The Dypius Crypto Team

The Dypius crypto project claims to have a team of brilliant minds shaping the decentralized future. Dypius further states that its global team is a fusion of diverse expertise, bringing decades of experience in crypto, business, engineering, development, finance, and beyond.
You can explore the Dypius team in details on the above-outlined “About” page; however, here are the core members:

Mihai Nicusor – Chief Executive Officer
Razvan Ion – Chief Technical Officer
Teki Kolaneci – Global Strategy Director
Gazmend Mici – Project Manager
Fatjon Shaba – Lead UI/UX Designer
Renato Toni – Technical Lead | Unity Game Developer
Lorena Liçi – Front-End Lead Engineer
Aldi Alinj – React Developer
Cristian Nitu – Back-End Engineer
Fatjon Gjata – Metaverse Expert
Arben Meta – Senior 3D/VFX Artist
Soni Seli – Unity Developer
Samuel Mema – 3D Artist
Sheyn Cabalse – Project Coordinator
Constantin Bogdan – Marketing Manager

The World of Dypians

As mentioned previously, the World of Dypians is the metaverse that Dypius is working on. Judging by the page dedicated to that venture, the product is in the beta phase:
Again, if you are interested in this aspect of the Dypius crypto project, make sure to dive into it via the above-outlined website. There, you can find out more about the live events this game offers. Moreover, this is where Dypius outlines businesses that have already created their “headquarters” in the World of Dypians.
Furthermore, the above website outlined the four core aspects of this metaverse, which entail playing, building, discovering, and connecting.

The Dypius Crypto Token Smart Contract Upgrade

At the time of writing, the upgrade of the DYP token to a new smart contract and the related migration of the old DYP tokens are at the forefront. After all, even the project’s official website addresses this event at the very top. Plus, there’s also a pop-up addressing this subject:
This migration is the result of replacing the initial $DYP token with the new $DYP token, which has different tokenomics. As such, the price of the new $DYP coin is a lot different than the one of the initial Dypius’ asset.
However, since most of you are just finding out about the Dypius crypto project, it’s not something you need to worry about. Unless you hold the original $DYP token, in that case, make sure to follow the migration instructions.

The $DYP Token

After covering the Dypius project above, it should be clear that $DYP is the project’s native cryptocurrency. Moreover, by this point, you also know that the token migrated to a new smart contract. So, the initial $DYP token was born on October 4, 2020, and the new $DYP on October 30, 2023.
Note: Since the new token is the relevant one, it is the one we will focus on herein.

DYP’s Purpose and Use Cases

The $DYP token serves as a fundamental component within the Dypius ecosystem, offering various purposes and use cases. Here are some key aspects of the $DYP token:

Governance: $DYP tokens represent voting shares in the Dypius Governance system. Holders of $DYP have the power to actively participate in decision-making processes related to the protocol’s development and direction. They can also submit proposals related to various aspects of the ecosystem.
Community Ownership: Through the possession of $DYP tokens, community members gain a sense of ownership in the Dypius ecosystem. This shared ownership fosters a decentralized and inclusive approach to managing and evolving the protocol.
Ecosystem Participation: Aside from the governance, $DYP has several additional use cases within the Dypius ecosystem. They include staking, premium subscription, DYP Locker, DYP News, DYP Launchpad, and the World of Dypians events.

It’s important to note that the specific use cases and features of the $DYP token may evolve as the Dypius ecosystem develops and incorporates new functionalities. So, if you decide to become a Dypius user, make sure to keep a close eye on the project’s socials. This will help you stay updated with official announcements and documentation to fully understand the token’s utility within the platform.

Dypius Crypto Coin’s Tokenomics

Here’s the gist of the Dypius coin’s tokenomics:

Token’s on-chain name: Dypius
Symbol/ticker: DYP or $DYP
Networks: Ethereum, BNB Chain, and Avalanche
Smart contract address: 0x39b46b212bdf15b42b166779b9d1787a68b9d0c3 (Ethereum), 0x1a3264f2e7b1cfc6220ec9348d33ccf02af7aaa4 (BNB Chain and Avalanche)
Token type: ERC20
Maximum total supply: 229,926,862 $DYP
Minting timestamp: October 30, 2023, at 13:48:35 (+UTV)

$DYP Price Action

Even though the new $DYP token has completely different tokenomics than the initial one, it still makes sense to quickly overview the initial token’s price action. After all, this gives us an insight into the project’s performance from the market evaluation perspective.

The Old Dypius Price Chart

So, here’s a line chart of the initial (old) DYP:
The above chart indicates, that the Dypius cryptocurrency marked its top in February 2021. Since then, the asset has been in a downtrend, until reaching its bottom in May 2022. After that all-time low, the price of the old $DYP increased significantly, spiking particularly in December 2023. As you can see, the old Dypius token is currently trading at $0.78.
Given the fact that the old token can be migrated to six new ones, the old DYP’s price is surprisingly high. After all, at the time of writing, the new DYP is trading at $0.046. So, $0.046 x 6 = $0.276, which is way lower than $0.78. As such, at this moment, it makes more sense to sell old tokens and buy new ones than to migrate them.

The New $DYP Chart

On the other hand, the new $DYP coin offers a very limited amount of price data so far:
The above candlestick 4-hourly chart on a logarithmic scale covers the entire new $DYP’s price action. So, after starting to trade on November 8, 2023, the token lost approximately 55% of its value during the first day.
Over the following 20 days, the asset stayed mainly in the $0.018-$0.034 range. However, in December, the DYP price moved higher, even crossing the $0.06 mark. But these higher levels didn’t hold and the token revisited the $0.026 region on December 8, 2023.
In a highly volatile manner, $DYP was moving upward, reaching as high as $0.1 on December 21, 2023. However, that height was very short-lived as the price plummeted back to $0.032.
As mentioned above, at the time of writing, DYP is trading around $0.046.

Dypius Crypto Price Prediction

Given the Dypius token’s very low market cap and the current “old vs new DYP” phenomena, it is rather impossible to make any long-term forecast. In fact, long-term crypto price predictions are generally extremely misleading. After all, the markets change very fast and no one can actually know what will happen in the future.
So, if you see any 2024 or 2025 $DYP price predictions, make sure to not take them seriously. Keep in mind that they are all pure guesses and most of them, if not all, will most likely be way off.
However, by using the best crypto analysis tools, you can detect the current pulse of the crypto markets. And with the best cryptocurrency analysis sites offered by Moralis Money on your side, you can use proper insights to make accurate short-term predictions with increased probability.
So, if you are interested in determining the most likely short-term direction of the $DYP price, make sure to use the Moralis Money Dypius ($DYP) token page!
To make proper DYP predictions, you should particularly focus on the “Alpha Metrics” and “Price Chart” sections. The former offers real-time on-chain data for a wide range of timeframes and the latter does the same for the tokens price. Plus, using a dynamic chart you can easily put the live $DYP price into a proper perspective.

Should I Buy $DYP?

First of all, make sure to consider your current financial situation and your risk aversion. If they allow you to even consider trading/investing in such low-market-cap cryptos like the Dypius token, then move on to the second step.
What is the second step? Well, it is all about considering the information offered by this article to determine if you find $DYP interesting. If yes, then dive into the Moralis Money $DYP token page and use it to DYOR the asset properly.
And, as described in the previous section, use the live DYP price and the token’s real-time on-chain insights it offers. This combo of precious data will tell you if/when to buy the Dypius crypto. Hence, you’ll be able to answer the above question with confidence.
So, follow the “$DYP” link in the previous section or use the interactive widget below to decide what to do with the Dypius coin.

Where to buy the Dypius Crypto?

If you took a proper look at the above-presented Moralis Money’s $DYP token page, you probably already noticed the “Buy” button. Well, as it suggests, this is the gateway to getting a bag Dypius. By clicking on that button, the Moralis Money instant crypto swap feature appears:
This path of buying DYP is very safe and user-friendly and ensures that you get the lowest available price. So, even as a complete beginner, you get to complete a swap buy following the instructions, starting by connecting your Web3 wallet. However, you can use the animation below to help you ensure you stay on the right track.

Should You Buy the Dypius Crypto? DYP Token Charts & Price Prediction – Key Takeaways

The Dypius crypto project started its journey in 2020. That year, it also launched its first version of the $DYP token.
Dypius is typically categorized as a DeFi project since it offers staking and DEX features. However, due to the project’s NFT marketplace and metaverse, it also deserves “NFT” and “GameFi” labels.
The Dypius coin (DYP) is the platform’s native cryptocurrency that serves multiple purposes. It powers several of the project’s features and also serves as the governance token.
In October 2023, the DYP token migrated to a new smart contract, which interestingly spurred the price of the initial (a.k.a. old) DYP. The latter experienced a 400%-plus surge in price in December 2023.
Use the Moralis Money token page for the new $DYP or the old one to decide if either of them is a worthy investment.
And if you decide to buy $DYP, you can do so effortlessly via the tokens’ Moralis Money pages.

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Luckily, you can easily spot the best altcoin opportunities with Moralis Money’s core feature – Token Explorer. This ultimate crypto scanner enables you to generate a dynamic list of alts with potential in seconds. Plus, Token Explorer may also serve as a crypto pump detector.
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