How DYDX may redeem itself after this latest update

AMBCrypto
AMBCrypto

30 Jun 2023 7:30 AM

DYDX’s social dominance has been on the rise for the last few days. This means the token is receiving more attention from potential buyers.  However, it is also worth noting that the supply held by top addresses fell in the last 4 weeks....

  • DYDX, a DeFi platform, has successfully launched its new public testnet, marking an important milestone.
  • The testnet launch is expected to pave the way for more growth opportunities for DYDX.
  • While the testnet may not directly impact DYDX's price, it is seen as a positive development that could fuel a bullish sentiment.
  • DYDX's price has shown a 42% upside from its lowest point in June, and its on-chain metrics indicate increasing social dominance and a decrease in supply held by top addresses.
  • Whales have been taking profits, but DYDX is still holding onto its gains and may experience more upside with investor confidence from the testnet launch.

The article overall has a positive sentiment, highlighting the successful testnet launch and the potential for more upside for DYDX.

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You May Ask

What milestone did DYDX recently achieve?How might the public testnet launch benefit DYDX?Will the testnet launch directly impact DYDX's price?What on-chain metrics indicate positive developments for DYDX?What has been the trend in supply held by top addresses and realized profits for DYDX?

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