dYdX Fundamental Analysis
| Project name | dYdX |
| Symbol | DYDX |
| Total Supply | 1,000,000,000 |
| Circulating Supply | 65,569,295.00 DYDX |
| Official Website | https://dydx.community/ |
dYdX Live Price Chart
dYdX Technical Analysis
Despite the fact that 100% accurate technical analysis for dYdX cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated DYDX buy-and-sell rating for selected timeframe. The summary for DYDX/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
What Is dYdX (DYDX) ?
DYDX (dYdX) is the governance token for the layer 2 protocol of the eponymous non-custodial decentralized cryptocurrency exchange. It serves to facilitate the operation of layer 2 and allows traders, liquidity providers and partners to contribute to the definition of the protocol’s future as a community.
Token holders are granted the right to propose changes on the dYdX’s layer 2, and are presented with an opportunity to profit through token staking and trading fee discounts.
Who Are the Founders of dYdX ?
Antonio Juliano — an experienced programmer with a background in blockchain technology is the founder and CEO of DYDX. He first entered the crypto space in 2015 upon getting a job as a software engineer at Coinbase — a cryptocurrency exchange platform. As a Princeton University graduate with a degree in computer science, Antonio Juliano embarked on his entrepreneurial journey and founded dYdX in early 2017 .
dYdX Price Prediction for 2022
As for dYdX price predictions for the remainder of 2022, It may sustain a positive outlook as long as the price trades with many bullish moves. The road ahead is full of petals provided the investment advice or confidence keeps booming, resulting in a major push to the price, taking it to cross all barriers scaling $2.55 .
dYdX Price Prediction for 2023
As per the technical analysis of dYdX, we are able to say that within the next year 2023 the estimated average price of dYdX Average Price can Be reach up to $3.89 USD. This coin will with a minimum of its price of $3.76 USD. And the maximum prices can reach up to $4.38 USD.
dYdX Price Prediction for 2024
As per the forecast data analysis, the price of dYdX is expected to cross the level of $5.39. By the end of the year, dYdX is expected to reach a Average fee of $5.55. In addition, the dYdX price is capable of getting a maximum level of $6.45. Investors and holders of crypto assets must know the dYdX Price Prediction 2024.
dYdX Price Prediction for 2025
According to the crypto experts, 2025 will have to see dYdX’s average market price of $8.30 USD, with a minimum of its price of $8.02 USD. And the maximum prices can reach up to $9.43 USD.
dYdX Price Prediction for 2026
According to the crypto experts, market price of dYdX for the prediction of the year 2026, then it is estimated that the prices may reach up to $13.76 USD. There will be a Average market price of $11.82 USD. And the minimum market rate can also be around $11.41 USD.
Also Read: Crypto Bear market strategy
Frequently Asked Questions
1. Is dYdX (DYDX) a good investment?
dYdX’s value is expected to continue to expand, as shortage tends to encourage price rise. Please note, there is some risk to any investment. Just invest in what you can accomplish before coming to any conclusions and conduct the maximum research possible.
2. Should I invest in dYdX?
You should invest in dYdX if your risk tolerance is sufficiently high. Many investors prefer better-known cryptocurrencies like Bitcoin or Ethereum, but for investors looking to diversify their crypto portfolio, dYdX is a better choice than many others.
3. How Is the dYdX Network Secured?
DYDX is an ERC-20 token deployed on the Ethereum mainnet. dYdX’s layer 2 scaling solution is built on Starkwire’s ZK-STARKS technology and relies on Ethereum blockchain to verify transaction proofs.
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Disclaimer : All price prediction provided on our website is only for general information. No part of the website content that we provide any financial advice, legal advice or any other form of advice Of investment. You should conduct your own research before investing.