DerivaDAO (DDX) Surges Over 110% In a Week

DerivaDAO (DDX) Surges Over 110% In a Week
  • DerivaDAO (DDX) surge over 110% in a week.
  • By market cap, DerivaDAO (DDX) is the 283rd largest cryptocurrency 
  • DerivaDAO token DDX is an ERC-20 governance and utility token.

Cryptocurrency is a digital asset people use for investments and online purchases And cryptocurrency is a catchword of the investing world. There are many cryptocurrencies available in the crypto market.

As all we know, in the last few weeks, the crypto market is showing a bullish sign, and many cryptocurrencies are as usual increasing in their prices. Likewise, DerivaDAO (DDX) surge over 110% in a week.

DerivaDAO is the decentralized autonomous organization (DAO) that governs the exchange DerivaDEX. By market cap, DerivaDAO (DDX) is the 283rd largest cryptocurrency in the world. DerivaDEX is a decentralized exchange for crypto derivatives trading on the Ethereum blockchain, and DDX is its utility token.

More so, it features an open order book and on-chain settlement, and leverages off-chain price feeds, matching engines, and liquidation operators to enable fast and efficient transactions of synthetic assets.

DerivaDAO token DDX is an ERC-20 governance and utility token with various use cases. DDX can also utilize to pay low trading fees on the platform, and the token is staked by operators who run price feeds. Users will earn a share of DDX proportional to their stake, distributed each block. Furthermore, DDX is not a fundraising device nor an investment opportunity.

Current Market Status Of DDX

At the time of writing, the trading price of DDX is $8.40 with a trading volume of $445,220in the last 24-hours. According to CoinMarketCap, DDX spiked 0.38% in a day and the current circulating supply is 26,094,663.78 DDX coins.

DDX Price Chart (Source: CoinMarketCap)

The above chart features the bullish price over DerivaDAO (DDX) for the last 7 days DDX has surged over 110% and they’re also more likely to reach more heights. Even more, DDX can trade in crypto exchanges such as Hoo, CoinBene, Uniswap (V2), Sushiswap, and 1inch Exchange.

On a note, with the upcoming development upgrades of the platform, traders can expect more surges in the forthcoming days.

Disclaimer: The opinion expressed in this article solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.