DYDX Price Prediction 2024-2030: Will DYDX Reach $100? (2024)

Latest DYDX Price

DYDX Price Performance so far

DYDX Coin price has doubled since October 2023. This is an underperformance compared to many other cryptocurrencies. What are the Signals and Predictions?

DYDX has cleared the $3.2 resistance level and is now well-placed to make another run at $4.0 and a medium target of $4.8.

• DYDX Price Prediction in the next 24 hours is between $3.38 and $3.46
• DYDX Price Prediction this week is between $3.27 and $3.63

DYDX Coin: Buy or Sell Poll [New]

DYDX Price Prediction 2024-2025-2030, Aggregated

• DYDX Price Prediction 2024 is $6.79
• DYDX Price Prediction 2025 is $8.66
• DYDX Price Prediction 2026 is $11.9
• DYDX Price Prediction 2027 is $15.9
• DYDX Price Prediction 2028 is $18.1
• DYDX Price Prediction 2029 is $25.2
• DYDX Price Prediction 2030 is $35.6

DYDX Price Prediction: Will DYDX Reach $100?

For DYDX Coin price to reach $100, it would need to increase by a factor of 28. At $100, DYDX Coin’s Market Cap will be $29.7 Billion. If DYDX Coin price were to grow at a rate of 25% each year, it would take about 15 years to reach $100. Let us evaluate this data

• Quality of Investment–Moderate
• Growth required to reach $100– Not Feasible
• Market Cap at $100– Not Feasible

Considering the criteria Quality of Investment, growth required, and time required, DYDX has a very low chance of reaching $100.

DYDX Price Prediction: Is DYDX a Good Investment?

dYdX is an open-source platform that is designed to lend, trade, and borrow crypto assets from users. Note that dYdX’s main focus is on margin and derivates trading.

Key Features

• dYdX crypto exchange combines advanced financial tools with decentralization.
• dYdX exchange supports margin trading where investors can increase their exposure to crypto assets via leverage.
• dYdX users’ funds are automatically entered into a global lending pool and hence are eligible to earn automatic interest.
• The platform makes use of a zkSTARKS (a kind of zero-knowledge rollup) to increase the network’s stability.
• DYDX tokens can be staked in either dYdX’s safety pools or liquidity pools.

DYDX is the native governance token of the dYdX layer 2 protocol. It has a maximum supply of 1,000,000,000 tokens out of which 156,256,174 tokens are already in circulation. The following are the use cases of the DYDX token:

• DYDX token provides the voting right to its holders for governing the platform.
• DYDX tokens can be staked to earn passive income.
• Reward programs for liquidity providing and trading are enabled around DYDX tokens.
• DYDX token holders get discounts on trading fees depending upon their holdings of the token.

DYDX is essentially a decentralized exchange platform that is more focused on margin and derivate trading. Thus, it faces a lot of competition from the existing DEX platforms in the market because the market is cluttered with such platforms.

Therefore, considering the use cases of DYDX, it seems to be a moderate case for investment.

Also Read: Litecoin Price Prediction

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.