dYdX (Native) priceDYDX

Crypto Market Update: Navigating the Storm The crypto market is experiencing a downturn, with regulatory worries, sentiment shifts, and global economic jitters contributing to the decline. Let's break down the key factors and notable coins: Key Factors Contributing to the Downturn 1. Regulatory Worries: SEC actions and potential new rules are causing market uncertainty. 2. Sentiment Shift: Investors are becoming cautious, shifting from "HODL forever" to "Maybe I should secure some profits?" 3. Global Economic Jitters: Inflation, rising interest rates, and geopolitical tensions are adding to market anxiety. Notable Coins and Their Stories 1. $WIF (Wolf of Crypto): -15.18% in 24h 2. $FLOKI (The Viking Meme): -14.41% in 24h 3. $RUNE (Thor's Hammer): -13.64% in 24h 4. $PEPE (The Meme Frog): -13.14% in 24h 5. $LTC (Litecoin): -13.19% in 24h 6. $BONK (The Bark with Bite): -13.15% in 24h 7. $THETA (Streaming King): -12.93% in 24h 8. $FTM (DeFi's Bright Spot): -11.99% in 24h 9. $EOS (Blockchain Veteran): -11.87% in 24h 10. $DYDX (Trader's Edge): -11.54% in 24h Precautions to Take 1. Stay Informed: Markets move fast—knowledge is power. 2. Diversify: Spread your investments to minimize risks. 3. Risk Management: Only invest what you can afford to lose. Set stop-losses to avoid surprises. 4. Think Long-Term: Short-term dips don’t mean long-term doom. Keep your cool and stick to your plan. Final Thoughts Every dip is a setup for a bounce! Stay calm, stay sharp, and maybe grab those discounted coins you've been eyeing. What's your strategy today?

🚨 Crypto Market Update! 🚨 Today’s market feels like a wild rollercoaster ride—except it’s going in reverse! 🚂 Let’s break it down and navigate through the storm together. 🔍 Why the Market is Dumping: 1. ⚖️ Regulatory Worries: The SEC’s latest actions are making the market jittery. Potential new rules have investors walking on eggshells. 2. 📉 Sentiment Shift: It seems like the vibe has moved from “HODL forever” to “Maybe I should secure some profits?” Upcoming Fed decisions are adding fuel to the uncertainty fire. 3. 🌍 Global Economic Jitters: Inflation is the bad sequel we didn’t ask for. Coupled with rising interest rates and geopolitical tensions, the market’s feeling the heat. 🚀 Notable Coins and Their Stories: 🐺 $WIF (Wolf of Crypto): Market Cap: $2.30B Price: $2.297 24h Change: -15.18% 🔎 Info: #WIF is fighting to stay top dog in the meme coin pack. Despite today’s dip, the community remains howling loyal, waiting for its next rally. 🐕 $FLOKI (The Viking Meme): Market Cap: $1.83B Price: $0.0001901 24h Change: -14.41% 🔎 Info: #FLOKI’s “to Valhalla or bust” journey continues. With creative marketing and a solid fanbase, it’s still a key player in the meme coin wars. 🌟 $RUNE (Thor’s Hammer): Market Cap: $2.00B Price: $5.799 24h Change: -13.64% 🔎 Info: Known for bridging blockchains, #RUNE is feeling the storm. But its DeFi utility might anchor it when calm returns. 🐸 $PEPE (The Meme Frog): Market Cap: $8.08B Price: $0.00001923 24h Change: -13.14% 🔎 Info: The unexpected hero of meme coins, #PEPE is just catching its breath before another leap. Its community is always ready to jump back in. 💰 $LTC (Litecoin): Market Cap: $8.19B Price: $108.67 24h Change: -13.19% 🔎 Info: The OG altcoin is feeling the pinch but remains a go-to for faster, cheaper transactions. 🐶 $BONK (The Bark with Bite): Market Cap: $2.35B Price: $0.00003096 24h Change: -13.15% 🔎 Info: #BONK is barking in the meme coin race, but today’s dip has it catching its breath. 🌐 $THETA (Streaming King): Market Cap: $2.33B Price: $2.323 24h Change: -12.93% 🔎 Info: #THETA’s decentralized video tech is groundbreaking, but the current market is a tough crowd. 🌈 $FTM (DeFi’s Bright Spot): Market Cap: $3.23B Price: $1.150 24h Change: -11.99% 🔎 Info: #FTM’s scalability makes it a DeFi favorite, even if today’s colors are muted. 🌍 $EOS (Blockchain Veteran): Market Cap: $1.38B Price: $0.9001 24h Change: -11.87% 🔎 Info: #EOS remains a pillar for dApps despite today’s rough ride. 📉 $DYDX (Trader’s Edge): Market Cap: $1.21B Price: $1.702 24h Change: -11.54% 🔎 Info: #DYDX is pushing decentralized trading forward. Even in a slump, its innovations stand out. 💡 Precautions to Take: 1. 📖 Stay Informed: Markets move fast—knowledge is power. 2. 📊 Diversify: Spread your investments to minimize risks. 3. 🔴 Risk Management: Only invest what you can afford to lose. Set stop-losses to avoid surprises. 4. ⏳ Think Long-Term: Short-term dips don’t mean long-term doom. Keep your cool and stick to your plan. ✨ Final Thoughts: Yes, it’s a red day, but remember, every dip is a setup for a bounce! Stay calm, stay sharp, and maybe grab those discounted coins you’ve been eyeing. 📢 What’s your strategy today? HODLing, buying the dip, or just watching from the sidelines?

dYdX surpasses Uniswap in daily trading volumes Trading volumes on the decentralized exchange (DEX) dYdX v4 exceeded $600 million. According to CoinMarketCap, from Jan. 17 to 18, trading volumes on dYdX were $603 million, with the decentralized exchange beating out the second highest DEX by volume, Uniswap, which saw $479 million in volume over that same time period. Against recent indicators, Uniswap has lost its market share and now has 9.1447% versus dYdX’s 11.5086% total of DEX market share. Amid the news of the exchange’s daily volumes, the DYDX token has risen by more than 10% over the past 24 hours. At the time of publication, the asset is trading at around $3.2. In October 2023, dYdX developers announced the project’s transition from Ethereum to Cosmos as well as the launch of dYdX v4. Before the release, they revealed the source code of the blockchain. Testnet was launched in July 2023.

$DYDX UPDATE : $DYDX failed to drop towards the support area as mentioned and rallied up. We saw the impact in market and now looking anyway bullish to touch again 108.05% - 108.47%

Other highlights show that prediction markets printed a new peak this cycle, with TVL hitting a record $55.1 million after a 57.7% rise YTD. Historically thriving on political events, and with U.S. elections in sight, Polymarket is booming again, with average monthly volumes soaring from $6.1 million in 2023 to $42.0 million in 2024. The market bounce has pumped up on-chain derivatives, the report notes, propelling average daily volumes from $1.8 billion last year to $5.4 billion this year. Hyperliquid has capitalized on this trend to increase its market share to 18.9%, making it the second largest by trading volume, trailing only dYdX.