Amidst the noise around NFTs and the Metaverse, many new projects have been launched.
Dvision Network (DVI), a metaverse token, hit an all-time high of $ 3.16 on November 21, 2021, according to data from CoinMarketCap. The price fell back to $ 1.12 on December 20. Can it compete with other metaverse projects, including Decentraland (MANA), Axie infinity (AXS) and Sandbox (SAND), and generate significant gains for investors?
This article covers fundamental and technical analysis, as well as price prediction for DVI tokens.
What is the DVI part?
Dvision is a metaverse project based on blockchain and virtual reality technologies to power several virtual reality activities.
The Dvision network is built on the Ethereum and Binance Smart Chain network. It is accessed through three key platform pillars: Meta-City, Meta-Space, and an NFT Marketplace.
Meta-City is a public space where users can participate in various Metaverse activities, including games, shopping, and education, and even visit a virtual museum or attend an exhibition.
Meta-Space is a feature that allows users to design their own unique virtual spaces and earn rewards.
NFT Market is a platform that allows users to produce and sell different NFTs directly through the platform’s marketplace.
Dvision World serves as the entry point to the Dvision metaverse and connects all meta-cities. It also incorporates a play-2-earn model.
DVI / USD Price Analysis
Dvision has been one of the fastest growing cryptocurrencies, with several price spikes between late 2020 and 2021.
According to CoinMarketCap As the first data available, DVI first gained ground when its price jumped from $ 0.04 on November 4, 2020 to $ 0.13 on December 14, 2020, up 225% in less than two months. He ended the year at $ 0.10.
Dvision traded in a sideways market in the first two months of 2021, and price didn’t get any traction until March.
In March 2021, an aggressive bull run accelerated the price from $ 0.13 on March 10 to $ 1.01 on April 1, an increase of over 675% in three weeks. However, the surge was short-lived as the price dropped to $ 0.17 on June 21.
A bullish run began in late June, pushing prices down to $ 0.59 on September 9. Prices tested the levels of $ 0.59 to $ 0.60 on several occasions in September, but the bears finally brought the price down to $ 0.45 on September 29, 2021.
After trading in a sideways market for a month, the DVI rose from $ 0.58 on October 25 to an all-time high of $ 3.16 on November 21, up nearly 444% in one month. At the time of writing, on December 20, the coin’s value had fallen to $ 1.12.
Dvision Network Parts News and Price Factors
The Dvision development team shared some news that could affect the value of the DVI coin:
In January 2021, Division Network collaborated with Coinbase Custody to provide cold storage for its native DVI token. This implies that DVI holders can store their DVI tokens and other cryptocurrencies in Coinbase Custody’s secure cold storage facility.
Coinbase Custody is one of the few custodians that only supports projects that meet applicable technical specifications and standards.
In March 2021, the Division spear five limited edition NFTs. NFT characters were created using the avatars of prominent leaders in the cryptocurrency industry. They were auctioned on OpenSea, the NFT Marketplace.
Dvision states that these NFT characters can be used in the Dvision metaverse and secondary NFT markets. Additionally, the Dvision Network rewarded people who purchased Limited Edition NFTs with DVI tokens.
In May 2021, the Division built a multi-chain bridge to facilitate the flow of DVI tokens between Ethereum and the Binance Smart Chain (BSC).
The bridge, according to Dvision, was designed in collaboration with Curvegrid. Dvision Network said it has performed several tests and integrated a simple user interface. The BSC Bridge has extended the use cases and deployment of the DVI token within the BSC ecosystem.
Given the risk of hacker attacks on the Binance Smart Chain, ensuring the security of tokens and assets stored in a smart contract is a priority for any crypto project.
In July 2021, Certik, a security company that performs security assessments of blockchain protocols, concluded that the BSC-based smart contracts of the Dvision network did not have any significant or serious flaws that guarantee its overall security protocols.
In July 2021, the Division in partnership with Enjin to connect the Dvision world to five distinct blockchains: Ethereum, Binance Smart Chain, Efinity, Polkadot, and Enjin’s carbon neutral JumpNet network.
This collaboration allowed Dvision users to use the Enjin platform and API to generate non-fungible tokens and integrate them with Dvision World characters. Dvision users can use Enjin’s network bridge to migrate their NFT assets across multiple blockchains.
Dvision claims that by using the Enjin blockchain, users will be able to create carbon neutral NFTs.
In October 2021, the Division announcement a partnership with TribeOne, the world’s first decentralized NFT lending platform, allowing its clients to borrow funds from TribeOne to access its NFT marketplace.
Dvision users can apply for unique NFT loan products through this strategic relationship, giving them full access to the NFT world and allowing them to capitalize on their metaverse experience.
In November 2021, the Division announcement the launch of the Dvision World metaverse. Dvision World is the central lobby of the Metaverse, connecting all the meta-cities that will be included in its virtual world.
Dvision network price forecast: DVI targets for 2022, 2025 and 2030
CoinCodex Short Term View technical analysis was bearish, with 9 indicators showing bullish signals and 17 showing bearish signals, as of December 20, 2021.
Daily 3-50 Day Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), along with Stochastic RSI and Dynamics Oscillator, gave signals to sell. Weekly SMAs, EMAs and the Hull Moving Average have sent signals to buy. The average directional index and the relative strength index (RSI) remained neutral.
According to a short-term DVI crypto prediction from CoinCodex, the price of Dvision could rise 37.38% to $ 1.51 by December 25, 2021.
Meanwhile, as of December 20, various algorithm-based forecasters have shared long-term dvision network coin forecasts:
According to Portfolio investor, the average price could reach $ 2.314 by the end of 2022 and $ 5.657 by 2025. The five-year estimate for the DVI / USD indicated that it could reach $ 6.733 by December 2026.
According to DigitalCoin According to Dvision network analysis, the average price of DVI in 2022 could be $ 1.82, rising to $ 1.92 in 2023, $ 2.23 in 2025, and $ 4.66 in 2028.
According to Price prediction, the average price of DVI could reach $ 1.60 in 2022, $ 4.67 in 2025 and $ 31.13 in 2030.
When looking for DVI coin price predictions, keep in mind that algorithm-based analysts and forecasters can get it wrong. Their DVI projections are based on fundamental and technical studies of a cryptocurrency’s past performance. Past performance is no guarantee of future results.
It is essential to do your research and always remember that your decision to trade depends on your attitude to risk, your market expertise, the allocation of your investment portfolio and your degree of ease in losing. money. You should never invest money that you cannot afford to lose.
Read more: Ravencoin (RVN) Price Prediction: Stalled As Others Rally
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