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Dydx

Watch DYDX breakout in short termDYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol. By enabling shared control of the protocol, DYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced Protocol. DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users. According to me analysis dydx is performing W pattern and about to brake resistance in 4hr time frame. My short term target is $ 35. Thank You ! #DoYourOwnResearch# #IamNotaFinancialAdvisor#
by iamdinusha
DYDX/USDTShort , Over bought , SL : 18.6 $ ...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Short
by Crypto-IR
9
DYDX & PERP - Narrative and fundamentalsAll over the world we have regulators attacking crypto. Slowly, but surely... More and more exchanges having mandatory KYC , shutting down derivative products for certain countries, closing down registrations and trading for certain countries, as well as having issues maintaining and launching new products. China has essentially completed and finalized its crackdown, but US is coming next and will probably go after certain exchanges like Binance the same way they went after Bitmex (big fines and prison time). Crypto is going against the state's interests and this was to be expected. That's why DeFi is so big and why decentralization really matters. Currently there are two major tokens related to 2 perpetual swap protocols which have been growing for some time. DYDX is the first one and launched its token fairly recently, while PERP is the other one and has been out there for some time. DYDX is at about 900M and PERP at about 800M, however DYDX is looking a lot better for many reasons. First of all DYDX has a much cleaner chart and is a much younger coin. It's making new highs vs BTC and is near ATHs vs USD, while PERP is looking more heavy. Now for this there are some fundamental reasons as to why things look that way, and that's because DYDX just over the last week has had 11x higher revenue compared to PERP. DYDX also has a few more listings and is a bit more liquid, so currently either DYDX is undervalued or PERP overvalued. In my opinion based on PERP's chart I think it could grow more and I don't think its valuation is that extreme. There is potential for both of them to grow as people might want to have a backup in case something happens to one of them. Both have had some major upgrades recently and have been doing pretty well, and in my opinion could continue to grow rapidly as Ethereum's scaling technologies could grow really fast as well. However the key takeaway here based on the current set of circumstances + the rapid growth + the relative valuations based on the current revenue, is that DYDX is undervalued and its price could appreciate a lot. Finally I'd just like to point out that there are big risks for both of those. On chain derivatives trading isn't simple and we all know how easy it is for a DeFi protocol to get hacked... So be careful with the amount of money you put in either of those and remember that there are no certainties here.
Long
by BitcoinMacro
1
DYDX $25 Near Term, $100 LongDYDX is forming a nice wedge, bouncing off of higher lows. Fundamentally speaking, this project is strong with trading volume and liquidity knipping at the heels of centralized exchanges. DYDX could be the most asymetric play in crypto given the macro factors at play like increasing regulation and limited options for leverage. Even with BTC dumping DYDX has recovered strong each time. Compared to trading on uniswap on ETH mainnet, fees are a joke for trades once you bridge over to Starkware L2. LONG DYDX.
FTX:DYDXUSDLong
by theofficialsteveg
1
Wave of insolvency coming. Crypto FTW! New gem:DYDXFollowing our introduction of crypto pairs, we have a new gem for you guys this week. DYDX is a decentralised leverage crypto trading platform, price dumped back to it's launch price after a quick 60% gain and within the same week, it's now trading at all time highs. The road for risk on assets looks choppy for the months to come but we're extremely bullish on this and the entire crypto space as the old world of finance of accounting falls apart starting from the middle kingdom. BULL CASE Price is consolidating here and we may see a price hold these levels before going up. We are targeting at least $40 to sell some off into other assets BEAR CASE If the price actions follows that of GRT in Q4 2020, we should see alts dump and BTC pump. The pump to $40 will then have to come in Q1 2022.
Long
by IkanBilisCapital