Esteemed cryptocurrency analyst Ali recently took to Twitter to provide valuable insights into the current market sentiment and altcoin whale buying patterns. As per Ali’s post, altcoin whales have been actively accumulating DYDX, with a whopping $24 million worth of the asset accumulated over the past month.
The analyst has astutely observed that the current market sentiment towards DYDX is predominantly negative. However, it is noteworthy that despite this, whales have demonstrated their confidence in the asset by purchasing over 10 million DYDX in the past month. This insight highlights the potential resilience of DYDX in the face of market volatility and warrants further attention from investors.
Upon analyzing DYDX’s performance within the past 24 hours, CoinMarketCap reports that the altcoin is presently exchanging at $2.45, reflecting a 4.35% surge in price. During this time frame, DYDX achieved a high of $2.53 and a low of $2.36. Furthermore, the cryptocurrency demonstrated a 3.13% and 2.37% increase in value against Bitcoin (BTC) and Ethereum (ETH), respectively.
DYDX’s weekly performance shows promising signs, with a notable increase of over 3% in the past seven days. The 24-hour trading volume of DYDX is currently in a favorable position, standing at $120,246,896 after a remarkable surge of more than 72% since yesterday. These figures indicate a positive trend for DYDX, highlighting its potential for growth and success in the crypto market.
DYDX currently holds a market cap of $382,032,360, securing its position as the 102nd-largest cryptocurrency in market capitalization. It stands just behind Osmosis (OSMO) at the 101st spot and ahead of WOO Network (WOO) at 103rd on the list of top cryptocurrencies.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
