In this article I analyzed the project, the tokenomics, investors and the best price to buy. Also I compared it with other top DEX tokens!!!👇🚀👇
DYDX token is the L1 protocol token for the dYdX Chain. The DYDX is the TOP 1 DEX by trading volume, overtaking uniswap!!!
That shows how interested the community is in this project. So it is one of the best options to invest in the world of dex.
This project also have a very good and famous investors, with seven TIER 1 investors and 8 TIER 2 investors. That also shows that the project attracts attention from the best investors, so that means that this project is not a scam and also that they will be interested in promoting the project.
The tokenomics!
Dydx total supply is 536 Million coins, with a $961Million market cap.
If we compare with top DEX of the last bullrun, the Uniswap, we can see that Uniswap reached $22Billion market cap. So probably DYDX will reach the same or even more. So if DYDX reach $20Billion market cap on this bullrun it will cost 60$, what is 20x ROI from current price. But remember that is now the top 1 DEX so it can reach more.
Checking the DYDX token unlocks i founded interesting that in this year the investors will have more 120Million tokens unlocked. And the bullrun also will start in this year, so they will take advantage and pump the token really good, to sell after with a good price.
So what is the best price to buy DYDX and how much ROI to expect?
Now $DYDX is trading with a 3.20$ price, the graphic shows three support lines, on 2.90$, on 2.60$ and 2.30$. The first support line is very strong and probably will not be ultrapassed. You need to chosse the support line in wich you want to buy, or you can just buy now, because as I said before it can surge to 60$ or even more.
I Bought at 3$ price and I will start selling at 45$ price, having a 15x ROI.
I wish you all big profits!!!🚀🚀🚀
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Always do your own research(DYOR).