In this guide, we will voice our own and market’s opinion on DYDX future while discussing dYdX price forecast for 2022 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like dYdX.
Now, let’s head into it. Before we delve deep into the dYdX price prediction and answer questions if DYDX is a good investment or not, why will DYDX succeed or fail or why will dYdX price rise or drop, let’s quickly throw a glance at what is DYDX and its to date history.
What you'll learn 👉
What is dYdX exchange?
dYdX is a non-custodial decentralized derivatives exchange running on a layer-2 version of the Ethereum network.
If you would have bet on the right coins this year you could easily have 10xed your capital…
You could even have made as much as 100x which means you could have turned $100 into as much as 10k.
Experts believe this will happen again in 2022, the only question is which coin do you bet on?
Our friends from WhaleTank are on top of it, working non-stop to find the best gems one can buy on the market.
Click here to test them out by joining their Telegram group.
dYdX is a protocol for short selling and derivatives built on the Ethereum blockchain. The exchange provides decentralized peer-to-peer shorting, lending, and options trading of any Ethereum-based token.
dYdX enables a wide array of financial strategies:
- Short sells allow investors to profit on price decreases and can be used for speculation or to hedge existing positions
- Fully-collateralized low-risk loans for short sellers allow token holders to earn interest fees
- Options can be used to hedge positions, manage volatility, increase leverage, and more
What is dYdX (DYDX) Token?
dYdX (DYDX) is the native & governance token of the dXdY protocol.
Besides being traded on major crypto exchanges, the DXDY token is also used for rewarding the liquidity providers and for governing the dXdY Layer 2 Protocol.
DYDX Price Prediction For The Next 90 Days
The whole crypto market is currently on the verge of a real bull run. There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap. Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run. As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump - we have witnessed this scenario dozens of times in the distanced and more recent history. Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will DYDX develop in the short-term (for the next 90 days), according to our prediction model:
dYdX Price Prediction 2022
Our prediction model sees a temporary switch to a bear market at the beginning of 2022 before we move onto another leg up in Q3 & Q4 of 2022.
DYDX Price Prediction 2025 – 2030 – 2040
Our prediction model sees DYDX reaching new highs in 2025:
$ 133.94DYDX price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
Read also:
- Bitcoin Gold Price Prediction | BTG Price Forecast
- Curve DAO Token Price Prediction | CRV Price Forecast
- Huobi Token Price Prediction | HT Price Forecast
- Waves Price Prediction | WAVES Price Forecast
- Harmony Price Prediction
- Decred Price Prediction
- Theta Fuel Price Prediction
- Zcash Price Prediction
- Stacks Price Prediction
- Bitcoin SV Price Prediction
- UNUS SED LEO Price Prediction
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
