dYdX DEX Appoints New 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

dYdX prices are shooting higher following the appointment of a new CEO. Meanwhile, another token, MemeBet, is making waves in the presale. Here's a closer look at both.

dYdX prices are up significantly over the past 24 hours, rising by over 10% to trade at $2.1. The strong performance comes after the dYdX Foundation announced the appointment of Charles d’Haussy as the new CEO of the decentralized exchange (DEX).

After recently transiting to its own Layer 1 blockchain, known as the dYdX Chain, dYdX is now fully community operated. While the dYdX Foundation promotes and supports the protocol, the community is responsible for making decisions regarding the future of the DEX.

As part of his new role, d’Haussy will work closely with the dYdX community to push for community-driven growth and forge strategic partnerships. These partnerships will play a key role in strengthening dYdX's position in the fiercely competitive decentralized finance (DeFi) scene.

With dYdX prices now clearing September highs following the announcement, there is a high probability that the bulls will continue pushing on, especially now that there are other positive fundamentals to consider.

The activation of dYdX v4 on the dYdX Chain and how fast DeFi picks up steam will continue to shape prices. At the moment, DYDX is ranking 63rd on CoinGecko.

MemeBet Rising: Will MEMEBET 100X?

As DYDX prices expand, the目光are on MemeBet, a meme coin platform that wants to expand the use case of entertainment tokens like Dogecoin (CRYPTO:DOGE) 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 (CRYPTO:SHIB), 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 outpace 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.

VISIT MEMEBET HERE

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