DYdX coin is experiencing a turbulent time in the market. Despite recent layoffs resulting in
35% of staff dismissed, the token's price surged 30% following the appointment of
David Sacks as AI and Crypto Czar by former president Trump. The v3 of the platform on the
Ethereum network was shut down, which has been a major setback for users, but the company's founder has returned as CEO, resolute in boosting growth. DYdX has been a strong altcoin performer recently, experiencing a
30% rally. The
DeFi market is projected to reach $3.48T by 2025, which could further bolster DYdX's position. However, Binance will end support for the DYDX token on Ethereum, triggering concerns about the coin's future. Nevertheless, the coin charted a 10% increase as a result of buybacks representing a quarter of protocol revenue. The brand is refocusing its efforts on its own
dYdX Chain and the upcoming
Unlimited launch. One of the founders predicted that Bitcoin could hit $150,000 by October. But the company's identity crisis, marked by layoffs, a change in strategy, and a fluctuating price, raises concerns about its stability.
DYDX Coin News Analytics from Sun, 06 Oct 2019 07:00:00 GMT to Mon, 05 May 2025 08:04:38 GMT -
Rating -3
- Innovation 6
- Information 5
- Rumor -3
