Ethereum

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>DYDX crypto price is trading above the key moving averages, showcasing bullishness.</a></li>
 <li><span>2</span> <a>DYDX price halted near the $4.3464 mark and is heading downwards.</a></li>
</ul>
<p>DYDX is a well known decentralized exchange (DEX) which provides perpetual trading options for various crypto currencies like DOGE, Bitcoin, Ethereum and others. DYDX stands tall among the biggest decentralized exchanges across the world in terms of trading volume and market share.</p>
<h2 class="wp-block-heading" id="strong-what-happening-on-the-dydx-crypto-chart-strong"><strong>What Happening on the DYDX Crypto Chart</strong></h2>
<p>DYDX has been in the bull’s grasp for a prolonged time. However, the sellers are trying to take control over the price. DYDX crypto gave phenomenal returns throughout the year, gaining more than 198% since the beginning of the year. It gave a return of more than 76% last month, demonstrating the buyers’ dominance.</p>
<p>Furthermore, in the last 24 hours, the price is down by approx 2.81% and at the time of writing, it was trading at $3.26.&nbsp;</p>
<p>The daily trading volume of ETHDYDX in the last 24 hours is $367,030,771, showing a decline of 17.00%. Moreover, ETHDYDX’s all-time high price is $27.86, measured on September 30, 2021 whereas the all-time low price is $1.01, recorded on June 18, 2022.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-dydx-fundamentals-strong"><strong>DYDX Fundamentals&nbsp;</strong></h2>
<p>At the time of publishing, DYDX’s market cap was $588.48 Million. It has a fully diluted market cap of $3.27 Billion. Additionally, its last 30 days’ revenue was $9.17 Million, and the annualized revenue was $111.59 Million.</p>
<p>The P/F ratio (Fully Diluted market cap/ annualized fees) was 33.53x and the total transaction fees paid by users of the last 30 days is $9.17 Million with 79.68% growth while the annualized fees were $111.59 Million. The above data is showing the optimistic future growth of DYDX.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/W8BoFgsYeEJNwPVTKb95lS8jOfYlGEV4I4zMCwIUIL5EUkb_aiZ5Ctp4_GYo6PbLJBdwbJtDuhfR7jWM0N_S3LEl0KDcJQgJT_oHpW0gZvvHIKwscGc0a_hDOe-e8sOaL4O5AMYIiysRoA8klimx4V8" alt="DYDX Crypto: DYDX Price Flipping Downside; Are the Bears Back?" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Source: Defilama
  </figcaption>
 </figure>
</div>
<p>As per sourced from DefiLlama, TVL value in the <a href="https://www.thecoinrepublic.com/2023/11/11/what-is-dydx-all-about-the-modern-decentralized-crypto-exchange/" rel="noopener noreferrer nofollow">DYDX</a> is $411.13 Million and the token liquidity was $3.33 Million. Moreover, Development Activity shows that it has weekly commits of 7 and monthly commits of 449 while it has weekly developers of 4 and monthly developers of 37.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/blNiIixujevQWF_Kivmsh2CVOaa0RTiXThVJhH3uiLCcW0qtYXARySWqXirCEcIjsC6LoScu9EQhomjzoYlfXaNf6olUJa30lYN7NwJxaxIpotIt4yVw1RmhU03h08yiqKDD5B8bLNIwpWTyW0EfeDQ" alt="DYDX Crypto: DYDX Price Flipping Downside; Are the Bears Back?">
  <figcaption class="wp-element-caption">
   Source: Etherscan
  </figcaption>
 </figure>
</div>
<p>As per the Etherscan data, on November 17, 2023, total number of holders were 51028, the transfer amount is 14,131,612.84 DYDX. Transfer count is 1574, unique receivers 557, unique sender 481 and 767 unique.</p>
<h2 class="wp-block-heading" id="strong-evaluating-the-indicators-for-dydx-crypto-strong"><strong>Evaluating the Indicators For DYDX Crypto</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/B2rBrzk1JpoLdIZLTN64UvHl-IzWheVoUkOUX3ywcTAkuIjt6tgnE4TjQHk8vmZCiwtUL4BpuHa41jQJLUjclNkScNN3JySTIq-Y9wadotGdmfuOgKuanobpaPdioCpgvhAfoTVor0VDZ5-C5VoNhqI" alt="DYDX Crypto: DYDX Price Flipping Downside; Are the Bears Back?">
  <figcaption class="wp-element-caption">
   Source: Trading view
  </figcaption>
 </figure>
</div>
<p>DYDX <a href="https://www.thecoinrepublic.com/2023/11/11/what-is-dydx-all-about-the-modern-decentralized-crypto-exchange/" rel="noopener noreferrer nofollow">crypto</a> price is trading beyond the 50, 100, and 200-day exponential moving averages, showcasing bullishness while the RSI curve is in the overbought zone near 62 showing the buyers are highly active.</p>
<p>MACD is trading in the positive zone beyond the zero line and the green histogram is showing the bullishness in the DYDX crypto.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>DYDX crypto has had a remarkable year with substantial returns for investors, maintaining an overall bullish trend. Although experiencing a slight dip in the last 24 hours, the crypto remains buoyant with impressive growth figures in market cap, revenue, and fundamentals. The crypto is trading above key EMAs, RSI is in overbought zone, and a positive MACD, highlights buyers’ dominance, indicating a positive outlook for DYDX despite recent minor setbacks.</p>

DYDX Crypto: DYDX Price Flipping Downside; Are the Bears Back?

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Thecoinrepublic.com

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