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dYdX Price Prediction: Should You Invest in dYdX Crypto?

dYdX is a trading platform that has already made some noise in the crypto community. It’s no surprise that its governance token has been attracting a lot of attention — many people want to take part in this exciting project. Is there value in this coin as an investment? We gathered some dYdX crypto price predictions for you to find out.

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dYdX Fundamental Analysis

Project name
dYdX
Stock Symbol
DYDX
Current Price
1.2177564
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.

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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.

dYdX Price Prediction

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

dYdX Price Prediction for 2022

As for dYdX price predictions for the rest of 2022, there are divergent opinions. WalletInvestor expects a downturn towards $0.170486, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from PricePrediction.net, are more enthusiastic about dYdX’s future price, citing upwards of $2.35027 in December.
Potential ROI: -31% Sell

dYdX Price Prediction for 2023

In their dYdX price predictions for 2023, WalletInvestor’s forecasts the coin’s price to go above $2.191962 by December. Forecasting dYdX's future, PricePrediction.net expects further growth, too, saying the dYdX price will reach ~$2.252849 by that time. On the contrary, TradingBeast keeps predicting dYdX price decline, quoting prices around ~$0 in 2023.
Potential ROI: 22% Buy

dYdX Price Prediction for 2024

dYdX price predictions for 2024 are still predominantly negative, with some analysts promising prices in the $0–$0.511458 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $1.729214 in December 2024.
Potential ROI: -39% Sell

dYdX Price Prediction for 2025

PricePrediction.net has only optimism in store for the 2025 dYdX price prediction, valuing dYdX at $1.911878 by the end of 2025. WalletInvestor agrees with a positive forecast and predicts, in turn, $2.191962 for the same period. On the other hand, TradingBeast’s team is more pessimistic — their dYdX price prediction for December of this year is just $0.
Potential ROI: 12% Buy

dYdX Price Prediction for 2030

Speaking of long-term dYdX price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that dYdX price will grow further and eventually reach $1.363887 by the end of the decade. WalletInvestor’s price prediction for dYdX echoes with the projection of an uptrend to $1.607438. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $0.
Potential ROI: -19% Sell
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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).
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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