dYdX DEX appoints new dYdX CEO as prices shoot higher, and in another huge pump, all eyes are also on MemeBet whose presale is in progress – will MEMEBET token fly higher than dYdX?
dYdX is among the first successful Ethereum layer-2s.
Before recently transiting to its dYdX Chain, it was a popular perpetual trading platform on the smart contracts platform, processing millions in daily trading volume.
While the dYdX Chain operates as a trustless communal token powered by the DYDX token, the Foundation promotes the protocol.
This arrangement is common, especially in blue-chip crypto projects. Think of Ethereum, Cardano, Uniswap, and other DeFi, NFT, and gaming platforms.
These foundations exist to ensure the protocol they serve operates without flaws or takeovers from malicious agents.
Since chairpersons lead foundations, it is only natural for changes to happen.
Yesterday, the dYdX Foundation appointed Charles d’Haussy as its new CEO.
Charles d’Haussy is an award-winning influencer, author, and fintech expert involved in multiple crypto projects, including ConsenSys–a development company focused on Ethereum.
He’ll push for community-driven growth and strategic partnerships, strengthening dYdX’s position in the fiercely competitive DeFi scene.
With him taking over the helm, supporters believe dYdX will be guided to fulfill its DeFi leader ambitions.
Following the announcement, DYDX prices shot higher, clearing September highs.
There is a higher probability that bulls will continue pushing on, especially now that there are other positive fundamentals to consider.
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The activation of dYdX v4 on the dYdX Chain and how fast DeFi picks up steam will continue to shape prices.
MemeBet Rising: Will MEMEBET 100X?
As DYDX prices expand, eyes are on MemeBet, a meme coin platform that wants to expand the use case of entertainment tokens like Dogecoin and Brett.
The MemeBet presale is ongoing, raising over $500,000 at press time.
What’s cool about the project is its ambition of launching a gambling platform, effectively taking GambliFi to the next level.
The MemeBet Casino will allow Dogecoin, Brett, Shiba Inu, and other meme coin holders to use them as a wage when placing bets on events.
However, they can also buy MEMEBET to wager and earn additional rewards, including airdrop rewards, special degen bonuses, and a chance to win Lootboxes.
Through Lootboxes, participants can win real-world prizes and casino bonuses.
To ensure everyone receives rewards, the platform has set aside 400 million MEMEBET, or 20% of the total supply, as rewards.
According to Statista, the gambling industry will rapidly expand, reaching over $32 billion by 2029.
By positioning itself early, MEMEBET will likely outperform top-tier DeFi tokens like DYDX and become a major player in the gambling scene.
For this reason, analysts on YouTube are confident that those who choose to buy MEMEBET now can easily 100X their investment once the token hits the market.
To stay up to date with the latest MEMEBETs announcements and project news, join the Telegram and follow on X.
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