This boy is prepping to explode with good fundamentals to back upgrade #DYDX
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Binance News
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DYdX Community Votes to Upgrade Chain Protocol Software to V5.0
According to Odaily, the dYdX Foundation has announced that the dYdX community has voted in favor of upgrading the dYdX Chain protocol software to version V5.0. The software upgrade is set to be implemented at block 17,560,000, which was expected to occur on June 6th at 23:16 Beijing time.
The dYdX Foundation has urged validators to prepare for this upgrade, which includes running the Slinky sidecar V0.4.6 or a newer version. The upgrade is a significant step for the dYdX community, demonstrating their commitment to continuous improvement and adaptation in the rapidly evolving blockchain landscape.
The dYdX Chain protocol software is a crucial component of the dYdX platform, and its upgrade to V5.0 is expected to bring about enhanced performance and functionality. Validators play a critical role in this process, as they are responsible for running the upgraded software and ensuring its smooth operation.
The announcement by the dYdX Foundation underscores the importance of community involvement in decision-making processes within blockchain platforms. The successful vote for the software upgrade indicates a strong consensus among the dYdX community members about the direction of the platform's development.
#DYDX will undergo v5 upgrade on 6th June, to the moon 😎
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Crypto_Boss007
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#DYDXUSDT 1D Falling wedge pattern on the #DYDX daily chart. It is trying to break out the pattern resistance and MA50. Targets are: 🎯$2.222 🎯$2.606 🎯$2.917 🎯$3.228 🎯$3.670 🎯$4.234 Supports: 🛡$1.869 🛡$1.600 $DYDX
Cryptocurrency's Fate Not Determined By Politics, Says dYdX Founder Antonio Juliano
According to Odaily, Antonio Juliano, the founder of dYdX, has expressed his disappointment over the perception that the fate of cryptocurrencies is determined by politics rather than the product itself. Juliano's statement comes at a time when the role of politics in the cryptocurrency market is being widely debated. He believes that the value and success of cryptocurrencies should be based on the quality and utility of the product, not political decisions or influences. This perspective emphasizes the importance of innovation and development in the cryptocurrency industry, rather than external factors such as political climate. Juliano's comments have sparked discussions about the factors that truly drive the cryptocurrency market and the role of politics in shaping its future.
On the weekly time frame, there is good accumulation in the Wyckoff pattern reaching 740 days, as shown in the chart. This indicates a strong upcoming breakout for the currency.
On the four-hour time frame, the same accumulation Wyckoff pattern is confirmed with a 75% rate.
By linking the medium time frame with the larger one, it means the rocket 🚀 launch is in its final stages, and the rocket's targets will be as follows according to Gann cycles:
First target: $6.13
Second target: $10.66, where I expect a slight correction
Third target: $15
Final and expected ATH (All-Time High) 2024-2025 target: $20
Текущая цена 📊 На момент анализа, текущая цена токена $DYDX составляет $2.044. Рассмотрим ключевые уровни поддержки и сопротивления, а также используем технические индикаторы для глубокого анализа.
Уровни поддержки 📉 $2.025: Ближайший уровень поддержки, который может послужить основой для краткосрочного роста.$1.883: Второй уровень поддержки, который ранее выступал важной точкой консолидации.$1.601: Долгосрочный уровень поддержки, который важно удержать для избежания значительных потерь.$DYDX Уровни сопротивления 📈 $2.083: Ближайшее сопротивление, преодоление которого откроет путь к дальнейшему росту.$2.441: Следующее важное сопротивление, достижение которого будет сигнализировать о значительном улучшении рыночной ситуации.$4.064: Долгосрочная цель, достижение которой может привести к сильному бычьему тренду. 🚀 Технические индикаторы 📏 Скользящие средние (MA):7 периодов: $2.052 (краткосрочный тренд)25 периодов: $2.071 (среднесрочный тренд)99 периодов: $2.882 (долгосрочный тренд)Облако Ишимоку: Показатели облака указывают на текущую фазу неопределенности.Цена находится ниже облака, что обычно указывает на нисходящий тренд, однако наблюдается попытка пробоя. 🌫️Параболический SAR: $1.883 (если цена превысит этот уровень, это может указать на начало восходящего тренда) 📈Индекс силы тренда (14): 0.367 (сигнализирует о слабом восходящем тренде) 📉Объем: 1.338M (средний объем торговли указывает на умеренную активность на рынке) 📊 Паттерны на графике и выводы 📉📈 Потенциальный бычий сценарий 🐂 Если цена сможет преодолеть ближайшее сопротивление на уровне $2.083, то возможен рост к следующей цели на $4.064 (потенциальный рост на 119.75%). 🚀 Это может открыть путь к дальнейшему росту и стабилизации в зоне выше $4.0. Потенциальный медвежий сценарий 🐻 Если цена не сможет удержаться выше уровня поддержки на $2.025, возможен ретест нижней поддержки на $1.883. 📉 В случае пробоя этого уровня, цена может продолжить снижение до $1.601, что может привести к значительным потерям. Итог Токен DYDX находиться в стадии неопределенности, однако технические индикаторы показывают потенциал для возможного роста. Важно следить за уровнями поддержки и сопротивления, а также за объемами торгов и общими рыночными условиями. 🔔 Регулярный мониторинг рыночных новостей и активности на рынке помогут принимать более обоснованные решения по инвестициям в $DYDX. Подробный анализ и актуальная информация помогут трейдерам и инвесторам сделать обоснованные решения. Следите за нашими обновлениями для получения дополнительной информации о состоянии криптовалютного рынка. #DYDX
Swing Protokol Likuiditas Lintas Rantai Terdesentralisasi Terintegrasi Dengan Rantai dYdX
$DYDX Menurut Odaily, protokol likuiditas lintas rantai terdesentralisasi, Swing, telah mengumumkan integrasinya dengan dYdX Chain. Integrasi ini memungkinkan pengguna untuk melakukan berbagai transaksi swap token EVM ke USDC di Rantai dYdX. Selain itu, tim dan pengembang Web3 kini dapat mulai membangun dApps lintas rantai di dYdX. Integrasi Swing dengan dYdX Chain menandai langkah signifikan dalam perluasan kemampuan keuangan terdesentralisasi (DeFi). Ini memberi pengguna lebih banyak fleksibilitas dan opsi untuk melakukan transaksi, khususnya yang melibatkan token EVM dan USDC. Langkah ini diharapkan dapat meningkatkan pengalaman pengguna secara keseluruhan dan efisiensi transaksi di platform. Lebih lanjut, integrasi tersebut juga membuka peluang baru bagi tim dan pengembang Web3. Mereka kini dapat memanfaatkan kemampuan gabungan Swing dan dYdX Chain untuk membangun dan menerapkan dApps lintas rantai. Hal ini berpotensi mengarah pada pengembangan aplikasi yang lebih inovatif dan ramah pengguna di bidang DeFi.
#DYDX 120k shorts liquidity at 2.21, 4h closing will be crucial.
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Muhammad Haris shah
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Which Coins Will Be Top Gainer in Next Hours?🤔 Must Read This Till End to Find Out Coins Which Have Huge Potential in Upcoming Hours🚨👇
Altcoins are Pumping Since Yesterday When Bitcoin Pumped and Now Everyone Wants to Know The Next Altcoins Which Have More Potential of Going Upward.
$DYDX Technical Analysis Shows Trendline Resistance Breakout in 4h and Daily Time Frame. Also Futures Liquidation Data Shows 120k Short Liquidity Sitting at 2.21$ Price Level Which Will he Hunted in Upcoming Hours. Target Will be 2.35$ to 2.40$
$THETA Technical Analysis of Theta Also Shows Breakout of Trendline Resistamce in Daily Time Frame With Huge Upward Potential Which is Around 3.80 - 4$ . Buy Theta in Spot and Long in Futures. Short Term Target is 3.40$
Our Last but not Least Coin With Short Term Pump Potential is None Other than $ARKM . Right Now it is Trading at 2.48$ . 4h Time Frame Shows Falling Wedge And Triangle Breakout With a Upside Target if 2.75 - 2.80. Use This as Scalp Trade in Futures.
➡️ $DYDX : $110M on April 1st ➡️ $SUI: $124M on April 3rd ➡️ $EEFI: $10M on April 4th ➡️ $DYM: $25M on April 6th ➡️ $GMT: $38M on April 9th ➡️ $CGPT: $15M on April 10th ➡️ $APT: $428M on April 12th ➡️ $NGL: $35M on April 12th ➡️ $SEI: $110M on April 15th ➡️ $ZBC: $11M on April 15th ➡️ $STRK: $141M on April 15th ➡️ $UNI: $111M on April 16th ➡️ $ARB: $153M on April 16th ➡️ $LMWR: $23M on April 16th ➡️ $AXS: $172M on April 17th ➡️ $MANTA: $81M on April 18th ➡️ $ALT: $63M on April 25th ➡️ $RON: $152M on April 27th ➡️ $AXL: $55M on April 28th
Introduction: Introduce TIA Coin as a promising cryptocurrency that has gained traction in the digital asset landscape. Highlight its unique features and what sets it apart from other cryptocurrencies. Understanding TIA Coin:
Provide a detailed explanation of what TIA Coin is, its underlying technology, and the principles it operates on. Discuss the history of TIA Coin, including its inception, development milestones, and any significant events that have shaped its journey. Key Features and Benefits:
Outline the distinctive features and functionalities of TIA Coin that make it an attractive investment or utility token. Explore the benefits of using TIA Coin, such as security, efficiency, low transaction fees, and potential for scalability. Use Cases and Applications:
Examine the various use cases of TIA Coin across different industries and sectors, highlighting its versatility and potential for widespread adoption. Discuss real-world applications where TIA Coin is being utilized or has the potential to revolutionize existing systems. Market Analysis and Performance:
Provide an overview of TIA Coin's market performance, including its price history, market capitalization, trading volume, and price volatility. Analyze the factors influencing TIA Coin's price movements and its positioning within the broader cryptocurrency market. Regulatory Considerations and Risks:
Address any regulatory challenges or compliance issues that TIA Coin may face in different jurisdictions. Discuss potential risks associated with investing in or using TIA Coin, such as market volatility, security vulnerabilities, or regulatory uncertainty. Future Outlook and Growth Potential:
Offer insights into the future prospects of TIA Coin, including potential opportunities for growth, challenges to overcome, and emerging trends in the cryptocurrency space. Discuss the long-term vision and roadmap for # #RIA Coin and how it aims to stay competitive in a rapidly evolving market. Summarize the key points discussed in the article and emphasize the significance of TIA Coin in shaping the future of decentralized finance and digital currencies. Encourage further research and exploration into TIA Coin for investors, developers, and enthusiasts alike. It can be thought that crypto can make a big breakthrough after the halving. #Write2Earrn
#TIA/USDT TIA/USDT is currently forming a symmetrical triangle pattern on the 4-hour time frame. Consider buying TIA Coin in spot and holding it for 1 week to 15 days, as it is likely to experience significant upward movement soon. I am personally planning to buy TIA Coin in spot. #@mmbtcholder #BTC🔥🔥🔥🔥 #HotTrends #TIA🔥🔥🔥
Galaxy Digital Reports Significant Turnaround with $296 Million Net Income in 2023
According to PANews, Galaxy Digital has reported a significant turnaround in its financial performance, with a net income of $296 million in 2023, compared to a loss of $1 billion in the previous year. The company attributes this positive change to the substantial fluctuations in digital asset prices, increased market volatility, and growth in trading volumes since the fourth quarter of 2023.
Galaxy Digital's improved financial results highlight the impact of market conditions on the company's operations. The firm's ability to capitalize on the changing landscape of digital assets and adapt to the evolving market dynamics has contributed to its success in 2023. This turnaround demonstrates the potential for growth and profitability in the digital asset industry, as companies like Galaxy Digital continue to navigate the complex and rapidly changing market environment.
Galaxy Discloses $27 Million Celestia Net Position and $41 Million Locked Tokens in Year-End Financial Report
According to PANews, Galaxy has disclosed a net position of $27 million in Celestia (TIA) and $41 million in locked tokens in its year-end financial report. The information was reported by The Block Pro.
The disclosure of the Celestia net position and locked tokens highlights the company's investments in the cryptocurrency space. The year-end financial report provides insight into the company's financial performance and its involvement in the digital asset market.
As the cryptocurrency market continues to grow and evolve, companies like Galaxy are increasingly investing in digital assets and blockchain technology. The disclosure of the Celestia net position and locked tokens is a testament to the company's commitment to the industry and its belief in the potential of digital assets.
Fidelity Seeks to Allow Ethereum Fund Traders to Stake Assets
According to CoinDesk, Fidelity aims to give traders of its potential Fidelity Ethereum Fund the ability to stake some of the assets. The asset manager filed to launch an ethereum exchange-traded fund (ETF) in November, with other potential issuers including BlackRock, Ark Invest, and Grayscale. In an amendment with the U.S. Securities and Exchange Commission (SEC), Fidelity wrote that it may stake a portion of the Fund's assets through one or more trusted staking providers, which may include an affiliate of the Sponsor.
Following the news, Lido, the staking protocol supported on the Ethereum network, saw a 9% increase in price to $2.64 before falling back slightly. However, experts currently see a slim chance that such an ETF will be approved by the SEC before the next deadline of May 23.
#$ETHFI Now with #ETHFI set for launch in a few hours, I've got to admit, this is a big one, big enough to make a few Millionaire's/Billionaires, yes you heard me correctly, Millionaire's/ Billionaires, withing the space of just hours, just by it's association with $ETH . it sounds stupid right, but it is, what it is. Please note, this is not Financial Advice. #HotTrends #The.Clairvoyant #The.Voyager #Rising.Tide
Revolutionizing Blockchain and AI: Injective and InQubeta
The competition for developer attention in the blockchain space is intense, especially with the emergence of Layer 2 solutions and the recent SEC ruling on Bitcoin ETF. Injective Labs, creators of the high-speed Injective Protocol, have introduced inEVM, their own Ethereum Virtual Machine (EVM) Layer 2 roll-up. InQubeta (QUBE), a new blockchain ICO player, is also gaining traction for its support of AI tech startups. Injective's inEVM promises true interoperability across major blockchains like Ethereum, Cosmos, and Solana, catering to Ethereum developers with fast speeds and low fees. InQubeta, on the other hand, offers a unique approach by allowing AI startups to tokenize investment opportunities as NFTs, attracting significant investor interest. Both projects show promise in their respective fields, with Injective focusing on blockchain development efficiency and InQubeta revolutionizing AI startup funding through NFTs. Read more AI-generated news on: https://app.chaingpt.org/news