Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Trader Says This Airdrop Will Likely Be Bigger Than $610,000,000 Launch of Uniswap

by Daily Hodl Staff
November 6, 2020
in Altcoins, Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Crypto analyst Tyler Swope says a future airdrop could be even bigger than Uniswap’s (UNI).

This past September, the decentralized exchange (DEX) Uniswap airdropped 400 UNI to anyone who had interacted with the DEX since its inception. The 400 UNI was at one time worth over $3,000 when UNI was trading above $8.00, and the market cap of the new coin quickly hit $610 million.

ADVERTISEMENT

Now, Swope says he believes the decentralized exchange (DEX) DYdX is next.

“So what could be another Uniswap coming in 2021 that already has a successful product built? That’s dYdX, the decentralized derivatives exchange built with smart contracts, thus you can trade margin and even perpetuals and it can’t be shutdown, and with the regulatory crackdowns on their centralized competitors (BitMEX ring a bell?) this one seems to be falling right in place.”

Swope points to an interview conducted by Cryptotesters last month with dYdX founder Antonio Juliano as evidence of a possible nearing token drop.

In the interview, Juliano said dYdX was thinking about launching a token because tokens tend to spur growth, give a greater voice to the community, and fully decentralize a project’s protocol.

“I’d say that we’re pretty seriously thinking about it from just a lot of different angles. We definitely see a lot of benefits to it. But first and foremost, our main priority has always been and will always be just making the best and most functional product and not necessarily just trying to hype it up with tokens or things like that… [though] we do see a token as potentially being additive to the platform overall.”

ADVERTISEMENT

Swope predicts the token will launch with dYdx distributing to early supporters and people that interact with their protocol.

The analyst believes it could reach a higher market cap launch than UNI’s $610.5 million and he predicts that a dYdx token could be rolled out in the first quarter of 2021.



Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/solarseven

Submit a Press Release

Crypto Livewire – Press Releases

  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,665.00
$49,665.00
0.06%
Ethereum
$1,561.53
$1,561.53
0.27%
Binance Coin
$242.45
$242.45
2.73%
Polkadot
$36.85
$36.85
2.65%
Cardano
$1.20
$1.20
3.72%
XRP
$0.445268
$0.445268
0.29%
ADVERTISEMENT

Spotlight

  • Three Arrows Capital CEO Says Bitcoin Could Hit $2,500,000 in Supercycle Top – Here’s Why
    February 25, 2021
  • Top Analyst Predicts Two Altcoins Will Outperform the Rest As Bitcoin and Crypto Markets Recover
    March 2, 2021
  • Coinbase Names Bitcoin Creator Satoshi Nakamoto As Potential Risk to Its Business
    February 27, 2021
  • Retail Goliath Rakuten Now Allows Users To Pay With Bitcoin, Ethereum and Bitcoin Cash
    March 3, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.