Kaiko crypto analysts focus on early 2023: Sandbox (SAND), Axie Infinity (ASX) and DYDX
Kaiko analysts' research regarding ASX, SAND and DYDX
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Kaiko analysts' research regarding ASX, SAND and DYDX
The price of dYdX has significantly increased during the last day, possibly at the most significant rate of increase year to date. The primary driver of the price increase was a recent announcement by the project itself, while other variables also played a role.
DYDX, the native token associated with the DYDX network, has experienced a rally following the announcement about the postponement of token unlocks.
Unless the dYdX price decreases below $1.12, it is expected to resume its increase toward at least $2.50.
Depending on the math used, the end of the lockup could have released $300 million worth of DYDX back onto the market
Key Points: The DEX exchange unexpectedly postponed the token unlock time by up to 10 months, pushing up the price of DYDX. According to a message addressed to investors, decentralized exchange dYdX has postponed token unlocking for investors until December 1 from February 3.
Next month's 150 million token unlock has been reduced, with 83 million tokens allocated to investors being locked until December, according to The Block.
The decentralized exchange has delayed the token unlocks for investors to the end of this year instead of February.
Tron (TRX) founder Justin Sun sold a significant number of Curve (CRV) DyDx (DYDX) and Galxe (GAL) tokens.
The unlock, which takes place on Feb. 2, will release 150 million coins worth $202 million and 15% of the total supply.
Bitcoin price after surging above $18,000 to mark highs at $18,385 is facing some bearish action, due to which the price has dropped slightly. However, the price of the majority of the altcoins has been inflated to a large extent. The ETH price swelled beyond $1400 while DOGE made it above $0.08.
Digital asset firm Okcoin reveals that users can can now buy 10 additional tokens via their crypto trading platform – Badger Finance (BADGER), DYDX Exchange (DYDX), Ampleforth (FORTH), Kusama (KSM), Immutable X (IMX), Mask Network (MASK), Mina Protocol (MINA), Numeraire (NMR), Storj (STORJ), and 0x
Charles d'Haussy, chief executive officer of the dYdX Foundation, an independent not-for-profit foundation based in Zug, Switzerland, that was created to participate in propelling dYdX, the most powerful decentralized cryptocurrency exchange protocol, discusses the collapse of FTX and its implications for the future of the decentralized finance industry and the crypto market. He speaks with Annabelle Droulers, Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia.
dYdX CEO Antonio Juliano joins Ed Ludlow to discuss the impact of FTX's collapse on its company, and what it means for the crypto space at large.
Ethereum-based altcoins are among the top gainers during the recent crypto market tumble as dYdX shows a positive market turnaround.
Eight, a cryptocurrency consultancy founded by Michaël van de Poppe in 2018, has uncovered the best altcoins that can benefit from FTX's demise. According to analysts, recent events are promoting a narrative that is strongly associated with decentralization.
The crypto analytics firm Santiment is breaking down why one decentralized exchange (DEX) altcoin took off amid the broader crypto downturn. The governance token of the dYdX (DYDX) DEX hit a low of $1.19 on November 9th and a high of $2.78 on 14th November, a 133% increase.
The gravity of the sudden FTX collapse has been catastrophic for the crypto market.
The dYdX (DYDX) price is attempting to break out above the $2.55 resistance area. A doubling of the price could follow if it is successful.
FTX crash triggers dYdX price by 35% and makes this group a lot of money
Over the past couple of weeks, the events that played out have led people to consider Decentralized wallets and exchanges over their centralized counterparts. The post DYDX and TWT Prices Soar as Decentralized Services Become New Safe Havens appeared first on BeInCrypto.
The liquidity crisis at FTX has been the cause of one of the worst market crashes in the history of the cryptocurrency industry. As a result, the prices of many alternative cryptocurrencies (altcoins) traded on crypto exchanges have seen much price volatility over the last week.
BeInCrypto takes a look at five projects that beat the crypto market last week, more specifically, from Nov. 4 to Nov. 11. The post PEOPLE, DYDX, CHSB, ANT, BNX Hang on Despite Bearish Crypto Market appeared first on BeInCrypto.
dYdX in a recent statement today, announced that independent exchange Solana trades were now available in 'close only' mode. The firm's statement comes after the SOL ecosystem turned out to be among the big victims of the ongoing FTX collapse.