In every round of the cryptocurrency market cycle, there are always some projects that can yield hundreds or even thousands of times returns. As long as you can seize one or two of them, your overall profits will increase significantly.
In fact, in 2023, many hundredfold coin projects have already emerged, especially in the meme coin sector and the BRC20 sector (which also belongs to memes). However, very few people are able to seize these opportunities. With the unfolding narrative of Ethereum ETFs and the influx of incremental funds into ETFs, a long period after 2024 will be a time of explosive growth for crypto assets. The crypto market is never short of opportunities; if you miss one, there will inevitably be new hundredfold coin projects in the future. The most important thing is how we can seize these opportunities.
Recently, I saw the enormous potential of the DMTR token on the promising agricultural distributed network, Dimitra.
Dimitra Truly Benefits Farmers
Founded in 2019, Dimitra utilizes advanced technologies including artificial intelligence, blockchain, the Internet of Things, and satellites to provide actionable data that helps farmers and governments enrich the economy by increasing crop yields and healthier livestock. Dimitra starts from farm planning, through soil preparation, planting, and crop management, all the way to downstream markets, including exports.
Every farmer on the Dimitra platform receives Dimitra points to incentivize them to use the system. Rewarding behaviors that maximize agricultural efficiency creates additional incentives for farmers. This increases farmers' yields while reducing their costs and lowering risks.
Farmers can earn points by registering and managing livestock and crops, using the marketplace, and providing data. These points can be converted into Dimitra tokens and can also be used to purchase agricultural services from other members of the Dimitra ecosystem. This collaborative utilization helps develop the businesses of ecosystem members and creates a sustainable network economy within the ecosystem.
Dimitra collects data from all feasible and practical sources to support its machine learning and crop models. These models are designed to perform specific tasks, producing outputs in the form of farm management recommendations, alerts, system triggers, and robotic controls.
For example, Dimitra sends alerts to farmers about the best times for planting and harvesting by performing time series analysis on historical satellite data from previous seasons and combining this data with current weather forecasts and crop lifecycle developments. Dimitra integrates the most relevant information from satellite, drone, and ground sensor data, including the most relevant information from machine learning models (including neural networks), which associate spectral features detected by spectrometers with soil or vegetation attributes such as N, P, and K concentrations, pH levels, soil organic matter, cation exchange capacity, etc.
Additionally, Dimitra uses other satellite data, including historical data from satellites that are mostly provided for free (e.g., Sentinel 1 and 2, Landsat 7 and 8), data from the past 5 or 10 seasons, and current phenological data. This helps pinpoint the exact areas of fields with persistently low yields and provides recommendations for fertilization or irrigation.
Similarly, by using the aforementioned data sources, Dimitra regularly monitors fields to accurately detect pest and disease outbreaks. In these cases, alerts are sent to farmers, helping them spray herbicides or pesticides at the right time and in the right place. Dimitra also recommends specific dosages for spraying through crop models. This type of precision agriculture—applying only to specific square meter areas that need spraying and using appropriate dosages—often saves farmers significant amounts of money while reducing product and environmental pollution.
Dimitra is committed not only to helping farmers maximize yield and quality while reducing risks and costs but also to providing many efficient services to governments. For example, by utilizing satellite data, it analyzes compliance with deforestation quotas or rates for various governments, as well as compliance with crop rotation requirements mandated by some governments to minimize pest occurrences. In addition to using effective data analysis techniques to improve the livelihoods of small farmers around the world, Dimitra also produces the resulting mathematical models and statistical inferences for agricultural and economic research projects worldwide. This enables better global cooperation in scientific development at the national, corporate, and university levels.
All of the above are important supporting factors for our participation in the Dimitra project! So, as ordinary people, how can we participate in Dimitra? We can't possibly go farming, right?
You can directly hold DMTR. As a star DMTR coin that has been lurking for many years since the hype a few years ago, DMTR has enormous growth potential. As an investor, laying out DMTR at this moment may be a good choice.
There are several reasons: First, at the community level, the DMTR community has strong cohesion and decision-making power. Second, in terms of technical form, DMTR has sufficient upward momentum, and breaking through previous highs to achieve a hundredfold success in 2024 is not a difficult task!
DMTR Technical Analysis
Since the beginning of this year, DMTR has increased several dozen times, but due to the unfavorable overall environment, DMTR is also in a consolidation phase. However, as early investors, DMTR holders have still reaped substantial profits. The price trend of DMTR over the past month indicates that the bull market for DMTR is still ongoing. As prices rise, they steadily break through resistance levels.
DMTR's price is above all moving averages, indicating a bullish trend and buying momentum. The daily moving average (MA) is currently trading above the 30-day average, indicating a strong upward trend.
Technical indicators on the monthly, daily, and 4-hour charts show that market sentiment for the token is bullish. The monthly RSI is in the overbought zone at 83, indicating that the token could rise further before a correction occurs. Additionally, the MACD is in the bullish zone above the zero line, with the histogram in blue, indicating more buyers entering the market.
Currently, many capital and investors have gone all in on DMTR. DMTR may replicate its past brilliant achievements this year and reach a hundredfold success. We just need to lay out enough DMTR at the current low levels to gain substantial returns in the future!