As the popularity of decentralized exchanges (DEXs) continues to grow within the crypto space, dYdX (DYDX), a DEX project cryptocurrency, has shot into the limelight immediately due to its price movements. The coin’s price skyrocketed to above $10 just a few hours after it was listed for the first time and it has kept on appreciating since then. It has raised by about 16% in the last 24 hours and by 67% in the last 7 days.
To help new investors and traders eyeing the cryptocurrency, Invezz has created a brief article to assist crypto traders and investors understand what dYdX (DYDX) is and also find the best place to buy it.
To find out more, please continue reading.
Best places to buy dYdX (DYDX)
Want to take advantage of the current dYdX (DYDX) bullish trend but wondering how and where to buy the coin online? Well, you don’t have to worry anymore. You are in the right place!
All you have to do is to find a reliable exchange, open a trading account, and deposit funds (either fiat or crypto depending on the allowed form) to purchase the number of DYDX tokens you want.
According to our team of professionals, here are some of the best platforms where are you can buy DYDX tokens online:
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Skilling is a regulated Forex and CFD broker that allows traders to access 800+ financial instruments, including 10 popular cryptocurrency CFDs with competitive pricing and fast execution time. Skilling offers a selection of trading platforms, including the proprietary Skilling Trader and popular, industry renown cTrader and MetaTrader 4 platforms, which can suit the needs of customers with different levels of trading experience.
What is dYdX (DYDX)?
dYdX (DYDX) is the native token of the dXdY protocol.
If it is the first time you are coming across the dXdY protocol, it is a decentralized exchange that allows users to swap cryptocurrencies, mine rewards, and also participate in staking pools and earn staking rewards.
Besides being traded on major crypto exchanges, the DXDY token is also used for rewarding the liquidity providers and for governing the dXdY Layer 2 Protocol.
Should I buy DYDX coin today?
If you are looking to invest in a trending cryptocurrency that has shown a solid bullish trend, then DYDX is a good choice.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
dYdX price prediction
dXdY has become one of the most used decentralized cryptocurrency exchanges within the crypto space and also though its native token, the dXdY (DXDY) was only unveiled for trading in September 2021, the coin is expected to continue rising because of the popularity of the DEX among the cryptocurrency community.
dYdX (DYDX) social media coverage
We are excited to announce the launch of @dydxfoundation, an independent foundation headquartered in Zug, Switzerland
This is the first important step in the journey towards the dYdX Protocol’s complete decentralization. Read more: https://t.co/EDHowY34ey
— dYdX 🦔 (@dydxprotocol) August 3, 2021
And today, dYdX is doing more trade volume than every other DEX combined 🤯 pic.twitter.com/7XDc7D7D0E
— Antonio | dYdX 🦔 (@AntonioMJuliano) September 27, 2021
The post Where to buy dYdX (DYDX) coin: a trending DEX token that has gone up 67% in 7 days appeared first on Invezz.