dydX has been experiencing a mix of climbs and declines no the cryptocurrency market. Recently, the asset
increased by 10% as the
protocol revenue received an injection courtesy of the
buybacks, sending
dydX price soaring. The
Derivatives Exchange Protocol facilitated a buyback program that triggered a 7% leap of the
dydX token. These changes are amid global market optimism that continues to grow, mirrored by Bitcoin's strength. However, the struggle is likely to persist past 2025 following planned layoffs. As it goes, fortunes are flipped by fear; hence
altcoins such as dydX are in the running towards achieving SHIB-like gains come 2025. The
dydX Foundation's CEO has been vocal about meme coins and his belief that their prominence will extend into Trump’s presidency. Following the
appointment of David Sacks as the new 'AI and Crypto Czar,' dydX experienced a 35% surcharge. Amidst backing by Trump's chosen crypto czar, dydX has rallied up to 35%. However,
Binance has elected to end ERC20 support for dydX, prompting concerns over potential market impact. Moving forward, the
DEX derivatives market is projected to broaden to a worth of $3.48T by 2025, with dydX playing a central part. On the downside, dydX had to let go of 35% of its staff shortly after Consensys instigated major cuts, which didn't sit well with market participants. Still, the move saw traders feeling bullish about
dydX's token price, hinting at a future
price rise.
DYDX Coin News Analytics from Wed, 08 Sep 2021 07:00:00 GMT to Wed, 26 Mar 2025 14:06:34 GMT -
Rating 5
- Innovation 3
- Information 5
- Rumor -5
