77% of retail investor accounts lose money when trading CFDs with this provider.
|1 dYdX = 1.725 GBP||1 000 GBP = 579.752 DYDX|
|100 dYdX = 172.49 GBP||100 000 GBP = 57,975.18 DYDX|
|Currently in circulation: 161,069,289 DYDX||The maximum amount of DYDX in circulation: 1,000,000,000|
Both rise and fall of the price is an opportunity for trading. Thanks to CFD brokers, it is possible to trade even falling prices. For a trader, the worst are stable prices where it is not possible to “jump on the wave and ride it.”
Jumping on the wave means trading in the direction of the trend. Put simply, when the price is falling – trade fall; when it is rising – trade rise.
Market value and the current dYdX price
|Current price||1.72 GBP / 2.13 USD / 1.99 EUR|
|Total market value||277,784,853 GBP / 343,028,538 USD / 320,368,759 EUR|
|Price change in the last 24h||4.55%|
|Price change in the last 7 days||-0.71%|
|Updated||May 31, 2023, 2.04 am|
In the last 24h, the price of the cryptocurrency dYdX has increased by 4.55%. Even though the currency price has been increasing in the last 24h, the value of the cryptocurrency dYdX has decreased by 0.71% within the last 7 days. Therefore, it cannot be said there is a long-term increasing trend. The total market value of the cryptocurrency dYdX as of Jan 12, 2022, is 343,028,538 USD (roughly 277,784,853 GBP), which makes it the 116th most valuable cryptocurrency in the world.
Cryptocurrencies with similar market capitalisation: Arweave | Convex Finance | Enjin Coin
|Date||DYDX/USD||Price in GBP||Change in 24h|
|May 30, 2023||2.11 USD|
|May 29, 2023||2.03 USD|
|May 28, 2023||2.06 USD|
|May 27, 2023||2.04 USD|
|May 26, 2023||2.02 USD|
|May 25, 2023||2.00 USD|
|May 24, 2023||2.02 USD|
|May 23, 2023||2.15 USD|
|May 22, 2023||2.09 USD|
|May 21, 2023||2.07 USD|
|May 20, 2023||2.16 USD|
|May 19, 2023||2.17 USD|
|May 18, 2023||2.19 USD|
|May 17, 2023||2.21 USD|
You can open a demo account or a real money account. 77% of retail investor accounts lose money when trading CFDs with this provider.
Frequently asked questions
1️⃣ What will be the price of dYdX in a day/week/month?
Predicting the DYDX price correctly is not easy. However, we prepared a technical analysis which will help you to identify whether it is better to sell or buy this cryptocurrency.
2️⃣ Can I make some money from falling prices?
Yes, you can speculate on the price fall via CFD. You can try out everything for free, you just need to choose a broker and open a demo account.
3️⃣ Is dYdX worth trading or do you recommend another cryptocurrency?
Realistically, we cannot evaluate whether or not DYDX is worth trading. Each cryptocurrency is specific and it is important to know everything that affects its price. However, we believe it is always safer to trade cryptocurrencies with a higher market capitalisation. Generally, they do not experience the same fluctuations in prices as those with a lower market cap.