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DYDX Price Prediction 2023, 2024, 2025 to 2030: Will DY/DX reach 10USD by 2023?
Want to learn about DyDx? Check out our DYDX price prediction for 2023, 2024, 2025 till 2030?
DYDX utilizes StarKWare’s Layer 2 to replace the need for centralized exchanges during deals, combining the transparency and safety of a decentralized exchange with the speed and ease of use of a centralized exchange. To move quickly, DYDX gives traders off-chain order books that settle on-chain and allow them to short-sell tokens, increase exposure by hedging with leverage, or collect interest on deposited tokens.
Take a look at the DYDX price predictions presented by our analysts.
What Is DYDX?
DYDX is now the leading decentralized exchange that provides eternal trading.
DYDX is driven by an Ethereum blockchain that allows users to trade directly with one another. DYDX is the governance token for the eponymous decentralized, non-custodial cryptocurrency exchange’s Layer 2 system.
It improves layer 2 functionality and allows traders, liquidity providers, and partners to engage in determining the protocol’s shared destiny.
DYDX is an open-source platform with smart contract capabilities that enables crypto asset lending, borrowing, and trading.
Although DYDX supports spot trading, the platform’s major concentration is on derivatives and leveraged trading.
|Founder||Antonio Juliano & Zhuoxun Yin|
|Release Date||September 2021|
History And Evolution Of DYDX
DYDX is a Swiss non-profit organization situated in Zug.
All technical and non-technical aspects of current and future DYDX Protocol implementations are promoted and developed by the DYDX Foundation.
DYDX is building a cryptocurrency exchange, where consumers will eventually manage both their trades and the exchange itself.
DYDX introduced a closed alpha version of their new Layer 2 cross-margined Perpetuals product in February 2021, which is powered by StarkWare’s StarkEx scalability engine.
The Layer 2 product was made available to the general public in April 2021.
Since then, DYDX has established 26 markets on Layer 2 with a combined trading volume of more than $100 billion.
In August 2021, DYDX Trading Inc. announced the foundation of the DYDX Foundation to aid in the construction of infrastructure leading to entirely free markets.
The DYDX Foundation develops and deploys governance smart contracts as well.
Where Can I Buy DYDX token?
You can buy $DYDX on any of the following platforms:
Price History of DYDX from 2021-2022
Looking at DYDX’s pricing history will assist you in evaluating its profitability.
Price History of DYDX in 2021
The DYDX was initially established in 2021 and had already reached $26.76 by October of that year. Since then, we’ve seen prices progressively decline, with December being the month where they plummeted to their lowest point of the year, $7.83.
Price History of DYDX in 2022
The year 2022 began with a price of $8.71, the highest amount observed thus far. This is the highest price we’ve seen thus far. The DYDX struck a new all-time low of $1.06 in June this year. DYDX on December 31, 2022 was trading at 1.10USD. Throughout the year, it stayed bearish.
Price of DYDX Today
Price Predictions of DYDX 2023-2030 (in USD)
Now that we’ve looked at the past, let’s look at the DYDX price estimates for 2022 onwards to better grasp their future possibilities.
DYDX Price Prediction 2023 (in USD)
|DYDX price Forecast 2023||Maximum Price||Minimum Price|
According to our DYDX price prediction for 2023, the maximum price for March 2023 is estimated to be $2.88, with a minimum price of $1.15. By August 2023, the maximum price is expected to reach $1.76, with a minimum of $0.97. The price is forecasted to remain bearish, with an estimated fall percentage of around 158% from the maximum price in February 2023 to the maximum price in July 2023. There is also a high possibility of bearish conditions that could result in lower prices.
The maximum and minimum price prediction for DYDX in 2023, are as follows:
- Maximum Price: 2.88 (in Marsh 2023)
- Minimum Price: $0.54 (in September 2023)
DYDX Price Prediction 2024 (in USD)
|DYDX Price Prediction 2024||Maximum Price||Minimum Price|
The DYDX price prediction for 2024, as shown in the table, indicates a bullish trend with a maximum price estimated to reach $26.55 in December 2024 and a minimum price of $1.02 in February 2024.
Throughout the year, the prices are expected to rise with a growth percentage of approximately 20 times from the minimum to the maximum price.
The table shows a steady upward trend, with occasional dips in price, but overall a positive outlook for DYDX in 2024.
DYDX Price Prediction 2025 in USD
|DYDX Price Forecast 2025||Maximum Price||Minimum Price|
According to the DYDX price forecast for 2025, the coin is expected to show significant growth potential.
DYDX’s maximum price could reach $89.96 in December 2025, while the minimum price is estimated to be $22.62 in January 2025. This represents a growth potential of approximately 300% from the minimum to the maximum price.
The year 2025 is expected to be bullish for DYDX, with prices consistently on an upward trend.
Technical analysis suggests that 2025 could be a good year to invest in DYDX, provided the market conditions remain favorable.
DYDX Price Prediction in INR: 2026 to 2030
|When||Maximum Price||Minimum Price|
According to the DYDX price prediction for 2023 to 2030, the coin is expected to show significant growth over the next eight years. The price forecast shows that the maximum price for 2023 is estimated to reach $11.96, while the minimum price is predicted to be $3.42, representing a growth potential of nearly 250%.
As we move into 2024, the maximum price is estimated to reach $26.55, with a minimum price of $7.22. This growth continues to trend upwards in the coming years, with the maximum price reaching as high as $367.053 in 2030.
While this represents a substantial growth potential, it is important to note that the cryptocurrency market is known to be volatile, and past performance is not always indicative of future results.
Technical analysis sulggests that DYDX has the potential to be a good long-term investment, but investors should still consider their own risk tolerance and conduct thorough research before making a decision.
DYDX Price Prediction in INR: 2023 to 2030
|When||Maximum Price||Minimum Price|
The DYDX Price Prediction in INR over the next several years shows growth potential with an expected maximum price of ₹29,364.24 in 2030 and a minimum price of ₹80 in 2023.
The growth percentage shows a steady increase over the years, with the most significant growth potential seen in the year 2026, where the maximum price jumps from ₹7,197.12 in 2025 to ₹14,394.24 in 2026.
Despite the bullish trend, it’s important to note that cryptocurrency is a volatile market, and past performance is not always indicative of future results.
Nevertheless, for long-term investments, DYDX could be considered a good coin to buy in 2023 based on its technical analysis.
Frequently Asked Questions
What is the price prediction of DYDX 2025?
The maximum price prediction of DYDX in 2025 is ₹7,197.12 and in USD, it’s $89.96. The minimum price prediction of DYDX in 2025 is ₹1,809.60 and in USD, it’s $22.62.
What is the highest point DYDX has ever attained?
The all-time high for the DYDX price predictions is 2,301.09 INR or $27.92. This all-time high is the highest price ever paid for DYDX since the exchange’s inception.
How many DYDX exist in circulation?
There are now 156,256,174 DYDX in circulation, which is mere 15.6%
What is the DYDX price prediction for March 2023?
Maximum and minimum DyDx price prediction for next month (March 2023) is $7.38 and $5.15 respectively
What is the price prediction of DYDX 2030?
Maximum DYDX price predictions 2030 is 367.053USD. DYDX price prediction for 2030 in INR is 29,364.24 INR. And minimum predicted price is and 92.288USD, which in INR is ₹7,383.04.
Can DYDX reach 10USD?
DYDX could reach 10USD by June 2024.
Read some of our other price predictions
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Given that DYDX is one of the major decentralized derivative exchanges that have already established itself in the world of cryptocurrencies, its freshly issued governance token has a good possibility of continuing its price climb, after it touched the local bottom in previous few months.
Decentralised derivatives could be the narrative for 2023 bull run and we expect DYDX to lead the market. And currently, we can see DYDX has shown reversal and is heading towards 5USD. I think DYDX is a good buy in February 2023 for a long term.
However, please note that, the DYDX tokens in circulation is very few, and when the next batch releases, the price could drop significantly.
Hence, it is wise to invest only a very small amount on DYDX and book profits when it reaches your price target.