dYdX Price Prediction: Should You Invest in dYdX Crypto?

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What Is the dYdX price prediction today

AT A GLANCE

  • In 2024, dYdX price is expected to go down, hitting as low as $0.891
  • 2025 promises to be turbulent, with prices ranging from $0.0588 to $0.40751438098975556, with WalletInvestor predicting dYdX hitting a low at $0.0588
  • By 2030, DYDX price can hit $0.891

dYdX fundamental analysis

Project name
dYdX
Stock symbol
DYDX
Current price
0.92616904770399
Current supply
1000000000

DYDX is a governance token of the dYdX community that allows users to govern the dYdX Layer 2 Protocol, to mine the rewards and participate in the staking pools, as well as receive trading discounts on its exchange. The token helps to maintain the communication between traders, liquidity providers, and partners. 

The main goal of the project is to build the fastest, cheapest, and most powerful decentralized exchange. dYdX platform has already over 60 000 unique users and has a value of around $11 billion in perpetuals and margins and more than $25 billion in flash transactions from dYdX Liquidity Pools. 

The total supply of dYdX is 1 billion tokens that are to be distributed in a period of 5 years. Out of this amount, 27.7% of the coins will go to the previously active investors. 15.27% tokens will be used to pay the official team members, including the founders, developers, advisers, etc. And 50% of all the tokens are reserved for the community members including liquidity providers, traders, stakeholders, and the users who achieved some milestones. 

The project recently partnered with StarkWare which applies its Layer 2 scalability engine for improving the non-custodial trading on dYdX exchange. For instance, the gas prices will be cut to zero, the minimum trade amount will be reduced to as low as possible and the fees will become much lower. Layer 2 scaling solutions in the form of Roll-Ups are made to offload the execution and thus free up an Ethereum layer. 

Another advantage of Layer 2 is fast withdrawals, so users don’t need to wait to get their funds. And at the same time, the update improved security and privacy by implementing zero-knowledge rollups. To start trading on the platform one only needs the deposit of $10.

dYdX live price chart

Since the dYdX token was deployed at the beginning of September, the chart data is only available for this short period of time. According to the graph, the token’s price was growing ever after the launch, showing a 73% price increase in September. The initial price of $12 by the moment of publishing increased up to $19.9 per token. An all-time-high of $29.73 was registered on September 30 and after that price went through the correction.

As the project seems to be prosperous due to its concept and technology the analysts expect its price to continue growing up to $75 per token by the end of 2021.

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.

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dYdX price prediction

Below we have collected the most reliable price projections for dYdX (DYDX) from popular forecast platforms.

dYdX price predictions summary

Year
Average Price
Avg. Price / Pot. ROI
Potential ROI
2024
$0.62180749
-39%
-39%
2025
$0.24053958
-74%
-74%
2026
$0.44505983
-57%
-57%
2027
$0.26592490
-75%
-75%
2030
$0.10993662
-89%
-89%

dYdX price prediction for 2024

As of the beginning of 2024, dYdX price predictions are mostly pessimistic, predicting a decline to $0.891 (WalletInvestor) and even lower, down to $0.3612 (according to PricePrediction.net) by the end of 2024.
Potential ROI: -39% Sell

dYdX price prediction for 2025

According to WalletInvestor, in 2025 dYdX price is predicted to decline to $0.0882, which makes dYdX a poor investment option. TradingBeast, in turn, predicts the price drop to $0.3705, and PricePrediction.net agrees with a predicted price fall down to $0.2686.
Potential ROI: -74% Sell

dYdX price prediction for 2026

The experts are unanimous in their dYdX price forecasts for 2026 — everybody expects dYdX’s price to drop down by the end of that year. TradingBeast predicts the price to fall, reaching $0.778. According to WalletInvestor’s research, dYdX’s price can drop down to $0.0496. PricePrediction.net’s forecast is also not so positive: its analysts hold the view that by 2026 dYdX’s price will be about $0.3612.
Potential ROI: -57% Sell

dYdX price prediction for 2027

Both TradingBeast and PricePrediction.net doubt that the dYdX market will grow in 2027, predicting the price drop to $0.5279 and $0.06483 by the end of the year respectively. Other dYdX price forecasts support the idea: WalletInvestor forecasts dYdX to fall down to $0.1005 by December 2027.
Potential ROI: -75% Sell

dYdX price prediction for 2030

Most experts are expecting a bleak future for dYdX: long-term dYdX price predictions promise significant decline by 2030. TradingBeast predicts the price to reach $0.1852, while WalletInvestor goes down for $0.08238. PricePrediction.net also puts not so big hopes on dYdX in the long term: its dYdX prediction for 2030 is $0.02779.
Potential ROI: -89% Sell

Author

June Katz
June Katz is a writer who is really interested in finance, trading, blockchain, and tech. As a SwapSpace author, she enjoys making content about crypto and other related topics.

Summary

As it can be clear from the analysis cited above, dYdX (DYDX) projections are rather contradictory. There is no universal consensus either about positive or negative future DYDX price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the dYdX projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
All you need for your research in one channel!
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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