Introduction
dYdX (Native) DYDX has garnered significant attention in the cryptocurrency market, sparking discussions among investors and analysts. With continuous developments and strategic advancements, dYdX positions itself as a formidable competitor in the decentralized finance (DeFi) sector, despite a highly competitive landscape.
These developments have led to notable price fluctuations, closely monitored by both bullish and bearish traders. Maintaining its position among top cryptocurrencies, currently ranked #80 on CoinMarketCap, dYdX underscores its resilience and potential.
As the DeFi space evolves and new integrations emerge, the future of dYdX remains a subject of keen interest. Will it solidify its leadership in decentralized trading or face volatility in the coming years? Read on for our dYdX price prediction to explore potential trajectories for this token.
Market Snapshot
| Metric | Value |
|---|---|
| 🪙 Name | dYdX |
| 💱 Symbol | DYDX |
| 🏅 Rank | #125 |
| 💲 Price | $0.53528995202192 |
| 📊 Price Change (1h) | -0.77% |
| 📊 Price Change (24h) | -3.71% |
| 📊 Price Change (7d) | +12.5% |
| 💵 Market Cap | $401,639,869.09526 |
| 💸 Circulating Supply | 750,322,077.92836 DYDX |
| 💰 Total Supply | 889,308,850 DYDX |
dYdX (DYDX) is currently trading at $0.53528995202192**, with a market cap of **$401,639,869.09526. Over the past week, the coin has increased by 12.5%, though it saw a 3.71% decline in the last 24 hours.
What Is dYdX (DYDX)?
dYdX is the native token of the dYdX Chain, a decentralized trading platform offering financial instruments like perpetual contracts, margin trading, and spot trading. Governed by its community, DYDX serves as a governance token and can be staked to secure the network, with 100% of protocol fees distributed to stakers. The recent migration to the dYdX Chain has further enhanced its ecosystem.
Current Market State
dYdX has shown a steady upward trend, rising from a low of $1.07** to its current price of **$1.13. With a 4.69% increase in the last 24 hours, investor confidence is growing. Its market cap now stands at $699,743,478, and trading volume has surged by 63.36%, indicating heightened activity.
👉 Explore more about dYdX's market performance
Price Forecast Overview (2024-2030)
| Year | Low Potential ($) | High Potential ($) |
|---|---|---|
| 2024 | $1.50 | $2.20 |
| 2025 | $1.80 | $2.50 |
| 2026 | $2.20 | $3.00 |
| 2027 | $2.50 | $3.50 |
| 2028 | $3.00 | $4.00 |
| 2029 | $3.50 | $4.50 |
| 2030 | $4.00 | $5.00 |
Technical Analysis
Bollinger Bands
The price recently touched the upper Bollinger Band, suggesting overbought conditions. A consolidation or pullback may follow if resistance holds.
Moving Averages
The Alligator indicator shows diverging moving averages, signaling a bullish trend. However, slight convergence hints at potential weakening.
Commodity Channel Index (CCI)
The CCI hovers around 86.777, nearing overbought territory but lacking strong momentum to sustain further highs.
👉 Dive deeper into DYDX technicals
Year-by-Year Price Predictions
- 2024: Expected to rise to $2.20, supported by DeFi adoption and platform upgrades.
- 2025: Consolidation near $2.50**, with resistance at **$3.00.
- 2026: Potential breakout to $3.00–$3.50 if market conditions favor DeFi growth.
- 2027: Targets $3.50–$4.00 amid broader crypto market expansion.
- 2028: Could test $4.50–$5.00, contingent on dYdX’s innovation.
- 2029: Resistance at $5.00**; support at **$4.50.
- 2030: May surpass $5.00**, aiming for **$5.50–$6.00 in a bullish scenario.
FAQs
1. What is dYdX (DYDX)?
dYdX is the native token of a decentralized trading platform offering perpetual contracts and margin trading.
2. What’s DYDX’s current market rank?
Ranked #125 on CoinMarketCap, with a price of $0.535.
3. What are key price levels to watch?
Support: $1.50**, **$2.00, $2.50**. Resistance: **$2.50, $3.00**, **$5.00.
4. Will DYDX maintain its bullish trend?
Yes, if DeFi adoption and platform developments continue positively.
5. What technical indicators influence DYDX?
Bollinger Bands, MFI, Alligator, and CCI are critical.
6. How does DeFi’s future impact DYDX?
Growth in DeFi could propel DYDX’s price upward.
7. Where can I trade DYDX?
Major exchanges like OKX list DYDX.