Current situation (July 4, 2025):
- Price: ~0.90–1.00 USD (based on current data).
- Context: DYDX is the token of the decentralized exchange dYdX, operating on its own blockchain (L1, Cosmos SDK) after migrating from Ethereum in 2023. The platform specializes in perpetual futures with leverage up to 50x, integrated with Cosmos and Skip Protocol for free deposits. Market capitalization: ~700–800 million USD (ranking ~85–100). Trading volume: ~50–100 million USD/24h. Circulating supply: ~776 million DYDX, maximum: 1 billion. Price has fallen ~93% from ATH (15.08 USD, November 2021). Recent growth of 10–15% is associated with announcements of partnerships and promotions (@dYdX, X).
Technical forecast for 2026 (based on analytics):
- Prices:
- Optimistic: 3.18–14.41 USD (growth of 250–1400%) in a bull market and DeFi success.
- Neutral: 1.90–6.11 USD (growth of 90–500%).
- Pessimistic: 0.69–1.50 USD during correction or regulatory constraints.
- Levels:
- Support: 0.90–1.00 USD, 0.60–0.70 USD.
- Resistance: 1.11–1.43 USD, 3.00–3.66 USD.
- Trend: Neutral. Daily chart shows consolidation (RSI ~44, 50 MA below 200 MA), weekly — bullish potential (RSI ~38, breakout at 1.11 USD may lead to growth).
Fundamentals:
- Growth drivers:
- Platform: dYdX leads in DeFi futures (TVL ~500–700 million USD).
- Innovations: Builder Codes for developers, free deposits through Skip Protocol, integration with Crypto.com.
- Partnerships: Flare Networks (FLR), Chainlink, Binance (staking).
- Community: Activity on X (@dYdX) — announcements of contests for 50,000 USDC and new listings.
- BTC Halving (2024): supports altcoins in 2025–2026.
- Risks:
- Regulation: SEC may classify DYDX as a security.
- Volatility: low capitalization (~700 million USD) is vulnerable to whales.
- Team reduction: in 2024 dYdX laid off 35% of employees, raising doubts about scalability.
- Competition: GMX, Synthetix in DeFi futures.
- Unlocks: potential price pressure due to issuance (~50 million USD in 2025).
Recommendation:
- Investors: Buy on correction down to 0.90–1.00 USD, stop below 0.60 USD. Target: 3.00–6.00 USD. Staking on Binance (APR ~5–10%) for income.
- Traders: Buy on breakout at 1.43 USD, target 3.00–3.66 USD. Sell below 0.90 USD, target 0.60–0.70 USD.
- Risk: 1–2% of deposit due to volatility and regulatory risks.
Risks: Regulation, competition, unlocks, decline in BTC/ETH, decrease in platform activity.