In this guide, we will voice our own and market’s opinion on DYDX future while discussing dYdX price forecast for 2023 and beyond.

Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like dYdX.

Now, let’s head into it. Before we delve deep into the dYdX price prediction and answer questions if DYDX is a good investment or not, why will DYDX succeed or fail or why will dYdX price rise or drop, let’s quickly throw a glance at what is DYDX and its to date history.

dYdX is a non-custodial decentralized derivatives exchange running on a layer-2 version of the Ethereum network.

dYdX is a protocol for short selling and derivatives built on the Ethereum blockchain. The exchange provides decentralized peer-to-peer shorting, lending, and options trading of any Ethereum-based token.

dYdX enables a wide array of financial strategies:

dYdX (DYDX) is the native & governance token of the dXdY protocol.

Besides being traded on major crypto exchanges, the DXDY token is also used for rewarding the liquidity providers and for governing the dXdY Layer 2 Protocol.

The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes.

When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town.

Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off.

Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions.

Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.

Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history.

Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike.

CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.

Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.

Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.

Our prediction model sees DYDX reaching new highs in 2025:

DYDX price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.

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The post dYdX Price Prediction 2023 – 2025 – 2030 | DYDX Price Forecast appeared first on CaptainAltcoin.

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