DMTR - $0.47 by Feb 2025DMTR is on track to do a 3x and still remain inside the channel that begun in Jan 2023.
Fibonacci supports these levels, a golden cross in October confirms the bullishness.
The strongest level of support is $0.0577 which is going to remain an important level. It may even be the future bear market bottom.
DMTRUSD trade ideas
Buy DIMITRAAnother one of my high conviction plays.
Dimitra (DMTR) is a cryptocurrency that powers the Dimitra ecosystem, a global AgTech platform designed to enhance agricultural practices through advanced technologies. The platform integrates blockchain, artificial intelligence (AI), Internet of Things (IoT) devices, satellite and drone imagery, genomics, and advanced farming research to provide data-driven solutions for farmers, traders, and corporations worldwide.
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Key Features of Dimitra:
Data-Driven Farming: Dimitra offers AI and data science-based reporting tools to assist the agricultural sector in making informed decisions, increasing revenue, reducing costs, complying with regulations, and mitigating risks.
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Deforestation Analysis Tool: A notable feature is the deforestation analysis tool, which helps farmers comply with the European Union Deforestation Regulation (EUDR). Each deforestation report is paid for using DMTR tokens, integrating the cryptocurrency into the agricultural workflow.
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Global Reach: Dimitra collaborates with governments, NGOs, and for-profit organizations to enhance agricultural productivity, reduce costs, and mitigate risks for smallholder farmers worldwide.
DIMITRA
Investment Considerations:
When evaluating Dimitra (DMTR) as an investment, consider the following factors:
Market Performance: As of November 23, 2024, DMTR is trading at approximately $0.09013 USD, with a market capitalization of around $43.85 million. The token has experienced significant volatility, with an all-time high of $3.24 in November 2021, indicating a substantial decline from its peak.
CRYPTOSLATE
Technological Integration: Dimitra's use of blockchain, AI, and IoT in agriculture positions it at the intersection of technology and farming, potentially offering innovative solutions to longstanding agricultural challenges.
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Adoption and Partnerships: The platform's collaborations with various organizations and its focus on smallholder farmers suggest a commitment to broad adoption and real-world application.
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Regulatory Compliance: By providing tools like the deforestation analysis feature, Dimitra addresses regulatory requirements, which could enhance its appeal to stakeholders needing compliance solutions.
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Risks and Considerations:
Market Volatility: Cryptocurrencies are known for their price volatility, and DMTR is no exception, having experienced significant fluctuations since its inception.
CRYPTOSLATE
Adoption Challenges: The success of Dimitra depends on the widespread adoption of its platform by the agricultural sector, which may face hurdles such as technological literacy, infrastructure limitations, and market competition.
Regulatory Environment: Changes in global agricultural policies and cryptocurrency regulations could impact Dimitra's operations and the value of DMTR tokens.
Conclusion:
Dimitra (DMTR) presents an innovative approach to integrating advanced technologies into agriculture, aiming to improve efficiency and sustainability. However, potential investors should carefully assess the inherent risks associated with cryptocurrency investments, including market volatility and adoption challenges. Conducting thorough research and consulting with financial advisors is essential before making investment decisions.
LOW CAP GEMS - DIMITRA (DMTR)In this series I will be breaking down and analysing projects that are <$100m in market capitalisation (at time of post).
- PROJECT OVERVIEW
Dimitra Incorporated is a global Agtech company with a mission to help smallholder farmers across the world. Operating on the Ethereum blockchain, the name derives from Demeter, the Greek Goddess of the harvest and agriculture. Dimitra works with governments, government agencies, NGOs, and for-profit organizations. The Dimitra platform is built on blockchain technology and incorporates mobile technology, machine learning, IoT devices, satellite and drone imagery, genomics, and advanced farming research. Through our data driven approach, Dimitra helps farmers increase yields, reduces expenses, and mitigates risk. Dimitra believes that every smallholder farmer, regardless of economic standing, should benefit from simple, beautiful, and useful technology. With 100K+ users currently and growing it's the largest cryptocurrency to deal with agriculture of it's kind.
- ROADMAP
Dimitra has ambitious and impactful goals. The goal is to grow our platform to 100 million smallholder farmer users within the next 4-years. They already have agreements in place with 8 countries but there is a long way to go to reach their goal.
- TEAM
Dimitra has 123 team members in total including CEO and Founder Jon Trask. He is the winner of the 2023 Government Blockchain Association Annual Achievement Award in the “Social Impact” Category!
- PARTNERSHIPS
Global projects operating in 14+ countries with partners in 68 countries.
In terms of exhange listings they are partnered with one tier-1 exchange in Kucoin, as well as Gate.IO, BitMart, Bittrex, Uniswap and more. However, they are not listed on Binance or Coinbase, once this does happen it will open up the opportunity for a much larger population of potential buyers.
- PRICE TARGETS
It's easy for people to throw outlandish price targets out there in the world of crypto without much reference to how they got to that conclusion. I prefer to compare Market Caps in order to derive token prices.
Looking back at the previous Bullrun, alts hit very high MarketCaps before falling back to 'fair value'. For this I'll use current MCap and Bullrun MCap for a guide, DMTR is currently #484' on MCap:
- Oraichain (ORAI) #343
Price target: $0.35 (2.1x)
- PAAL AI (PAAL) #226
Price target: $0.49 (x2.95)
-Ocean protocol (OCEAN) #135
Price target: $1.05 (x6.24)
- Fetch.ai (FET) #51
Price target: $4.43 (x26.33)
- Cardano (ADA) #10
Price target: $33.74 (x197.65)
I've used other AI projects and a top 10 crypto to show how DMTR could move up the leaderboard and what that would mean for token price.
- SUMMARY
Dimitra is an exciting project with genuine real world value, aiming to tackle a very important problem we have on this planet and that's providing Food to the increasing population of earth. The tokenomics could be better as there is only 41% circulating supply, however with a growing interest by large entities such as BlackRock for RWA's and AI projects we could see a considerable investment in a project like DMTR in the future. Having broken out of a multiyear accumulation phase recently I think DMTR will be a very strong performer
- RATING
8/10
- SOURCES/b]
dimitra.io
coinmarketcap.com
marketcapof.com