DYDX Coin Price Prediction 2023, 2024, 2025, 2030 | DYDX Coin Price Forecast
Written by – Parth Jayswal
What is DYDX?
- DYDX is an open source platform with smart contract functionality.It is the governance token for layer 2 protocol of non custodial decentralized exchange. DYDX is designed in such a way that users can, lend, borrow, and trade crypto assets.
- The primary objective of DYDX platform is on Derivatives and margin trading though it provides backup to spot trading.
- Token holders are provided access to changes on dydx’s layer 2 and are given the opportunity to make profits through trade fee discounts and token staking.
- It facilitates layer 2 operations and allows traders, liquidity providers, and partners to contribute to shaping the protocol’s future.
- The scaling solution of dydx allows to an increase in the speed of transactions, a decrease in trading fees, and remove of gas costs.
- The exchange was founded in 2017 through funding provided by Seed Venture Capitalist amounting to $10 million. On 9th September 2021, DYDX Initial Coin Offering was made.
DYDX Coin Chart
Who are the founders of DYDX?
- Antonio Juliano – The founder and CEO of DYDX has experience in the field of programming with background in blockchain technology.
- In 2015 he made an an entry in the world of crypto by working as a software engineer in Coinbase- cryptocurrency exchange platform.
- He is qualified from Princeton University in field of computer science and founded dydx in 2017.
- Zhuoxun Yin is working as head of operations in DYDX. In past, he worked at nimble – a social sales and CRM.
- He studied at the University of Queensland and has a degree in Bachelor’s degree of commerce.
DYDX Coin – Key points
| Name of the coin | dydx |
| Ticker symbol | DYDX |
| Launched in | 2021 |
| Based on | DeFi |
| website | dydx.exchange |
| Exchange Platform | Bybit, Binance, BingX, OKX, and Deepcoin |
DYDX Coin Price Prediction – Statistics (On 03/02/23)
| DYDX Price | $3.15 |
| Price change 24h | -$0.378 |
| 24h low/ 24h High | $3.11/$3.54 |
| Trading volume | $242,124,584 |
| Market Dominance | 0.05% |
| Market Rank | #84 |
| Volume/ Market cap | 0.4925 |
| Market cap | $491,654,364 |
| Fully Diluted Market cap | $3,146,016,687 |
How much will DYDX token worth will be?
DYDX Coin Price Prediction – History
| 7d Low / 7d High | $2.12 / $3.65 |
| 30d Low / 30d High | $1.14 / $3.47 |
| 90d Low / 90d High | $1.02 / $3.65 |
| 52 week Low / 52 week High | $1.01 / $8.54 |
| All Time High (30th Sep. 2021) | $27.78 |
| All Time Low (8th Sep. 2021) | No data |
| Circulating supply | 156, 256,174 DYDX |
| Total supply | 1,000, 000, 000 DYDX |
DYDX Quarterly Returns
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2021 | — | — | 97.36% | -65.69% |
| 2022 | -25.63% | -77.29% | -7% | -13.16% |
| 2023 | — | — | — | — |
| Average | -25.63% | -77.29% | 45.18% | -39.42% |
DYDX coin converter Widget
History of DYDX Coin
- The non-profit organization of Swiss is DYDX and it is located in the capital city Zug.DYDX is the foundation behind technical and non-technical aspects. DYDX is developing a cryptocurrency exchange, where consumers will manage trade and exchange on both sides.
- In February 2021, DYDX made a launch of closed version of alpha of new Layer 2 cross margined Perpetuals Product powered by Starware’s Starex scalability engine.
- In July 2017, the Layer-1 product permits, margin trading, borrows, and Ethereum Loans. In April 2021, the Layer – 2 product was made available to the general public. Till then, DYDX has set up 26 markets on Layer – 2 with a combined trading volume of $100 billion.
- In August 2021, the announcement was made by DYDX trading Inc. that it will establish the DYDX foundation to assist in the construction of a market infrastructure that would lead to a free marketplace.
- The foundation of DYDX builds and deploys governance smart contracts as well.
DYDX Price History 2021
- In 2021, DYDX was initially established and stepped into the crypto world. In October coin managed to reach $26.76. Since then we have observed that prices are falling whereas in the month of December lowest price was $7.83.
DYDX Price History 2022
- At the beginning of the year 2022, the price of the DYDX coin was $8.71 the highest price it touched. Till now we have witnessed the highest price ever. In June, 2022 all-time low price was $1.06. In December 2022, the DYDX coin was trading at $1.10.The price was bearish throughout the year.
Disclaimer – Cryptocurrency and Stock market is a highly volatile market and unstable. Do your proper research and study before investing. Our website aims to provide information regarding the crypto market. We are not responsible if you suffer any loss. Spend enough time on research.
DYDX Coin Price Prediction – 2023 to 2050
| Year | Minimum price ($) | Average price ($) | Maximum Price ($) |
|---|---|---|---|
| 2023 | 4.05 | 7.23 | 10.16 |
| 2024 | 10.29 | 14.18 | 16.31 |
| 2025 | 16.34 | 19.17 | 25.44 |
| 2026 | 25.56 | 27.38 | 30.05 |
| 2027 | 30.26 | 34.49 | 36.42 |
| 2028 | 36.69 | 38.41 | 41.18 |
| 2029 | 41.37 | 43.72 | 45.46 |
| 2030 | 45.59 | 53.16 | 60.25 |
| 2040 | 106.11 | 119.27 | 132.13 |
| 2050 | 226.04 | 237.15 | 250.49 |
DYDX Coin Price Prediction 2023
- As per the research done by crypto experts if the market sees downward trends the minimum forecasted price is projected to be $4.05. The average trading price during the mid of the year is projected to be $7.23.If the market remains bullish the maximum price is predicted to be $10.16.
DYDX Coin Price Prediction 2024
- If the market remains bullish, the minimum projected price is forecasted to be $10.29.The average trading price during the mid of the year is predicted to be $14.18. If the market sees an upward trend, prices of DYDX coins may surge to $16.31.
DYDX Coin Price Prediction 2025
- If market remains bearish, the minimum trading price is projected to hit $16.34.The average trading price is predited to touch $19.17. If market remains bullish, prices of DYDX coin may rise to $25.44.
DYDX Coin Price Prediction 2030
- If the market remains bearish, the lesser price of the DYDX coin is $45.59.The average trading price during the mid of the year is $53.16. If the market remains bullish, the maximum price projected during the year is $60.25.
DYDX Coin Price Prediction 2040
- The average trading price during the mid of the year is predicted to touch $119.27.If there is a bullish market, prices of DYDX can skyrocket and the maximum price can hit $132.13. If the trend remains downward, the minimum price predicted by crypto experts is projected to hit $106.11.
DYDX Coin Price Prediction 2050
- If the market sees a downward trend, the minimum predicted price is projected to be $226.04.The average trading price during the year is $237.15. If the market remains bullish, the maximum projected price is expected to hit $250.49.
How many DYDX coins are there in circulation?
- There are total 1000,000,000 DYDX minted for which distribution will be made during period of 5 years, starting from August 3rd 2021. Out of total supply, 50% will go to community, 25% will be used as trading rewards, 7.5% will be kept in side for retroactive rewards for mining, 7.5% will be provided to liquidity provider rewards, 5% will be distributed to a community treasury, 2.5% will be provided to users staking USDC to a liquidity staking fool and 2.5% to users staking DYDX to a safety staking pool.
- 27.73% will be preserved for past investors. 15.27% will be provided to founders, employees, consultants, and advisors. 7% will be locked for future employees and consultants of dYdX.
Is DYDX coin a good investment?
- Yes, it’s worth investment because the crypto gaming industry is at its peak point. Many people lost the chance to acquire DOGE, SHIB, and many more currencies they can get itthe for free. This currency is completely different from meme coins.
- The performance of the DYDX coin in recent years was good but currently like other tokens, it struggling very well to achieve its position. As per the analysis done by crypto experts in the current year, the growth of the DYDX coin is very slow.
- One of the quickly growing projects is the DYDX coin which has made a strong community. As per our analysis, if an investor invests for a long-term period say for 10 years he will get good returns for sure.
- Though the prices of DYDX coins appear to be bullish, investors should not forget that cryptocurrency is an unstable market, and prices can change at any time.
- Cryptos are the most beneficial assets in terms of returns though they carry risk factors. As an investor go through the historical prices of any crypto and invest only that portion of the amount if you can affor loss.
Will DYDX coin reach $100?
- As the DYDX coin project is growing, many crypto investors are excited in knowing whether DYDX coin will reach $100 or not. If we look at past perfomance of DYDX coin, there are very less chances that DYDX coin will hit $100.
- If investors have patience and believe in long term investment, it is possible that in near future between 2030 and 2040 there is scope that DYDX coin can hit $100.
- DYDX coin is amazing project with promising future. as we all know crypto market is volatile any thing can happen.In past we have heard many stories that a great bull or great bearish trends can made destruction in prices predictions at any time.
- If more investors are interested in making investment in DYDX coin it is possible that due to high demand prices can increase at any time.
Is DYDX coin a Pump and Dump?
- In recent times in the bearish market, the value of the DYDX coin lost by almost 60%. Due to the unstability of the DYDX coin, many doubts were created in the mind of crypto investors whether DYDX coin is for long term investment or just a pump and dump.
- Many times DYDX coin pumps the same dump but its common in crypto market. Nobody, can claim his price predictions are perfect and he knows that exact behaviour of crypto market.
- The reason why the DYDX project is powerful is that it has a backup of a strong community. It is possible that prices can be regained due to the effort of the community.
- In many crypto forums, we have observed that DYDX coin is in the market long term.
How to invest in DYDX coin?
- As Crypto project is growing, you will not face any problems in finding DYDX coin. There are various crypto trading platforms they have listed DYDX coin for public trading. If you are interested in purchasing DYDX coin, the top cryptocurrency exchanges are currently, Binance, Kucoin, Kraken, Bitstamp, Huobi, OKX, Huobi, WazirX, Poloniex, Sushiswap. You can easily add DYDX coin to your portfolio after signing up on such platforms.
- Apart from DYDX coin prediction, we are giving advise to our investors that conduct proper research befor making investment and go through historical prices of DYDX coin.
- The supply of DYDX coin is limited and with strong support from the community, the nature of crypto assets is unstable.
- The prices of cryptos rise and fall just like a roller coaster. An investor should do proper risk management before making any kind of investment.
What will be price of DYDX coin in 2030?
- As per analysis and research done by price prediction website Trading – education.com by end of 2022 price of DYDX is going to rise by $8.52, $7.25 in 2023, $9.35 in 2024, $9.75 in 2025, $12.55 in 2026, $14.55 in 2027, $17.35 in 2028, and $22.25 in 2029. the price of DYDX coin is forecasted to hit $23.5 by 2030.
What is the future price prediction for DYDX?
- According to latest price prediction done by coincodex.com, the value of dydx coin is forecasted to rise by 31.52% and hit $3.96 by 10th february, 2023. The current sentiment is Neutral while the Fear and Greed Index is showing 58 (Greed).
Is dydx a good token?
- The reason why DYDX is safe and secure to use is that it is decentralized, and the funds of users are locked in smart contracts instead of being held by an exchange. Ethereum blockchain is responsible for the security of funds. The single risk factor in the dydx coin is making a trading loss in the coin.
Why is DYDX so popular?
- Layer 2 of dydx is quick, smooth, and very less expensive and feels like trading on a centralized exchange like Binance. Trading of crypto perpetual contracts is available at Layer -2 for a wide range of digital assets.
Will DYDX ever go up?
- In the past 30 days price of the DYDX coin has increased by 163.93%. As per the analysis done by price prediction website Ambcrypto.com, the price forecast for DYDX coin for April 2023 the average trading price of DYDX is $8.56 and the maximum price is $9.16 for April 2023.
When was DYDX coin launched?
- The main goal of the platform is on margin trading and derivatives though it supports spot trading. In 2017 the exchange was founded by which $10 million was received through seed venture funding and it went live in 2019. On 9th september, 2021, DYDX coin was launched via Initial Coin Offering (ICO).
FAQs
1) What is circulating supply and market cap of DYDX coin?
Ans – The circulating supply is 156, 256,174 DYDX and market cap is $491,654,364 DYDX coin.
2) What is fully diluted market cap of DYDX coin?
Ans – The Fully diluted market cap of DYDX coin is $3,146,016,687.
3) Who are DYDX competitors?
Ans – The top competitors of DYDX are GMX, UNISWAP and Perpetual protocol.
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