dYdX PriceDYDX

There are two schools of thought when it comes to determining the price of a cryptocurrency like dYdX.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of dYdX, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of dYdX.
By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of dYdX on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of dYdX.
Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for dYdX and the broader cryptocurrency market.

dYdX achieved the all-time high of $27.86 in 2021-09-30, and is currently trading at $0.2302.

DYDX reached its all-time low of $0.8074 on 2024-09-06.

The current market cap of dYdX is $185.12M, as 806.66M DYDX is trading at the price of $0.2302.

There are currently 806.66M DYDX circulating in the market. These dYdX can be actively traded or used in the open market.

The maximum supply of DYDX is 1.00B , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of dYdX is $219.93M. The FDV is calculated taking the assumption that all supply of dYdX is circulation, multiplied by its current price of $0.2302.

Using an algorithm to automatically identify historical data trends, this dYdX price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

dYdX, with its high volatility, offers multiple profit opportunities and can potentially deliver attractive investment returns. However, this volatility is a double-edged sword, suitable only for investors with a high risk tolerance and strong financial standing. It is important to remember that dYdX and the broader cryptocurrency market are subject to extreme market conditions, regulatory changes, social media influence, and other unforeseen factors. Therefore, before investing in dYdX, it is recommended to implement an effective risk management strategy and conduct your own research (DYOR).

After depositing money into your account, you can review the How to Buy DYDX content to purchase dYdX on Gate TR.