dYdX (DYDX) Price Prediction – 2023, 2025, 2030

dYdX (DYDX) Overview

dYdX (DYDX) Introduction

DYDX was founded in 2017 with the launch of Solo, a layer one protocol that supports lending, borrowing, and margin trading. The protocol was integrated into the Ethereum platform. The protocol’s purpose, as founded by Antonio Juliano, a programmer with a background in blockchain technology, was to create a decentralized exchange on the blockchain where users can trade crypto assets and ultimately own their trades and the exchange.

In February 2021, DYDX launched a Layer 2 Cross-margined Perpetuals product built on the StarkWares StarkEX scalability engine. The Layer 2 project was accessible to the cryptocurrency market in April 2021.

DYDX has supported over 25 markets on its Closed-Alpha Layer 2 systems with massive financial success. The DYDX is managed by the DYDX cryptocurrency foundation, which helps to create the infrastructure needed for a completely open and decentralized market. The DYDX foundation also promotes decentralized authority and gives traders control over their activities through transparent and open advanced financial products, a decentralized transaction ledger, and a matching engine of the DYDX system.

What is DYDX?

DYDX is an open-source, decentralized blockchain platform that supports blockchain smart contracts for lending and borrowing cryptocurrency assets. However, the main focus of the platform is derivatives and margin trading.

DYDX is built in the StackWares StarkEX scalability engine. DYDX Layer 2 is used for trading cross-margined Perpetuals on the DYDX platform. The StarkEX scaling solution allows DYDX to increase transaction throughput and speed, eliminate transaction gas fees, reduce minimum trade sizes on the protocol, and reduce trading fees.

The native token on the dYdX platform is the DYDX token that serves as the governance token on the Layer 2 system of the eponymous non-custodial decentralized exchange. The dydx token also functions as the transaction facilitator within the DYDX ecosystem.

Hodlers of the DYDX tokens has the right to actively participate in change proposals on the Ddx network. It allows holders to stake and profit from their assets. As a decentralized cryptocurrency exchange, DYDX combines sophisticated tools with blockchain decentralization. With Margin trading, Dydx will enable investors to leverage their investment in digital assets and make greater profits. DYDX supports Perpetuals, a category of a Futures contract with no pre-assigned selling dates. DYDX offers more than 25 times leverage on Synthetic assets with no expiration date. With its isolated margin trading, traders can use a portion of their total support for a particular trade. In contrast, cross-margin trading employs the sum of all assets on and deposited by a trader on DYDX.

DYDX allows users to earn by doing almost nothing. Users need to deposit their assets on the platform and begin to earn interest because DYDX puts these assets in a global lending pool and makes a profit on them via charges. Borrowers must, however, have sufficient collateral in their account to partake in the process. DYDX uses the collateral as protection for lenders. Unlike Automated Market Makers (AMM) design, DYDX employs an order book architecture (an electronic list of buys and sell orders for a particular asset organized by price levels).

dYdX (DYDX) Fundamental Analysis

As an open-source, decentralized blockchain platform that supports lending and borrowing margin trading and derivatives, DYDX participates in one of the essential blockchain-based financial transformations.

Scalability

DYDX is an ERC-20 token launched on the Ethereum network. Its scaling Layer 2 was deployed on StarkWare’s ZKSTARKS technology and relies on the Ethereum network for transaction validation. With the StarkEX scalability engine, dYdx gas cost will become zero, and trading fees and minimum trading size will be reduced. There is an unlimited possibility for DYDX scalability because ETH 2.0 will scale transaction throughput from 9000 transactions per second to about 100 thousand TPS. This means a massive potential for dYdx scalability. Presently, roll-ups Layer 2 scaling solution decongests the Ethereum network and offloads execution, thus reducing gas cost and increasing transaction efficiency without increasing network load. StarkEX supports a fully non-custodial protocol by combining STARK proof for data integrity with on-chain data.

Collaborations

DYDX, like any other blockchain service provider, has cultivated and maintained relevant partnerships to expand its reach and improve infrastructure. One of DYDX’s most vital partnerships is the collaboration with StarkWare to scale DYDX as a non-custodial exchange; the partnership aimed to reduce trading fees, eliminate the gas cost, and speed up the creation of new trading pairs, among others. DYDX partnered with Humming Bot to launch the Bounty Hunt program for derivatives and short selling. The partnership organized and distributed about $15000 to members participating in the Bounty Hunt program. To benefit from increased transaction volume, cost reduction, and risk reduction, AlgoTrader partnered with DYDX. Other notable partners include Andreessen Horowitz, Polychain, Kronos, Defiance Capital, Hashed, DragonFly Capital, Bian Capital Ventures, Craft, Kindred Ventures, Scaler Capital, SIxtant, and RockTree, among others. In about five years, the afore listed angel investors and leading funds have provided more than $90 million in seed and development money to DYDX. DYDX has also partnered with recognized crypto exchanges for the sales of its native token.

dYdX (DYDX) Current Price

dYdX is currently worth $2.17 USD. DYDX has moved -0.48% in the last 24 hours with a trading volume of $14,029,462. dYdX is currently ranked 683 amongst all cryptocurrencies with a market capitalization of $1,007,471,260 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for dYdX (DYDX) to decide wether it is going to have a bullish or bearish year.

dYdX (DYDX) Price Predictions

From a modest beginning in 2017, DYDX has grown to become one of the most sophisticated Layer 2 platforms supporting lending and borrowing, staking, derivatives, and margin trading through its integration of StarkWare’s scalability engine, which reduces transaction costs and improves throughput. Its presence on the Ethereum network puts DYDX in a favorable position as the complete deployment of ETH 2.0 opens up numerous opportunities for scalability and cross-chain interactions. A combination of its technical analysis and fundamental indicators are clear telltale signs of a positive future for the DYDX coin. Let’s find out our expert price predictions for the next few years.

Our price prediction forecasts use real-time dYdX (DYDX) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

dYdX (DYDX) Price Prediction 2023

dYdX, according to some, is one of the most amazing cryptocurrencies to rise this year (DYDX). The DYDX price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $3.25.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $3.04 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. DYDX is expected to have a minimum value of $2.60.

dYdX (DYDX) Price Prediction 2024

In 2024, dYdX DYDX price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of DYDX will soon surpass $5.42. However, we should wait to see if the DYDX’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, DYDX will trade with a minimum trading price of $4.34 and an average trading price of $4.77.

dYdX (DYDX) Price Prediction 2025

If the upward trend continues until 2025, it could reach $7.59 and DYDX may profit. If the market experiences a decline, the goal may not be met. DYDX is expected to trade at an average price of $6.94 and a low of $6.50 in 2025.

dYdX (DYDX) Price Prediction 2026

If dYdX successfully boosts market sentiment among cryptocurrency enthusiasts, the DYDX coin price could remain stable for the next five years.

According to our projections, DYDX will be green in 2026. The DYDX is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $9.76, with a minimum price of $8.67 and an average price of $9.11.

dYdX (DYDX) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the DYDX price is expected to cross an average price level of $11.27 by 2027, with a minimum price of $10.84 expected before the end of the year. Furthermore, DYDX has a maximum price value of $11.92.

dYdX (DYDX) Price Prediction 2028

Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $13.44. If DYDX manages to break the resistant level in 2028, we could see a maximum price of $14.09, failing to gather the support DYDX needs by 2028 could result in a low of $13.01.

dYdX (DYDX) Price Prediction 2029

While DYDX is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $15.18 and a yearly price close above $16.26 in 2029.

dYdX (DYDX) Price Prediction 2030

By 2030, dYdX will finally surpass its previous ATH values and record new price levels. The minimum price could be $17.34 and potentially reach a maximum price value of $18.43, averaging out at $17.78.

dYdX (DYDX) Price Prediction 2031

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum DYDX price in 2031 is projected to be $21.25 in the event of a bull run, with an average price level of $20.38.

Conclusion

Our DYDX coin price prediction combines the data from researched fundamental and technical indicators to project price performance in the future. And based on the conclusions of our expert analysis, you cannot go wrong using our predictions as your investment guide.

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