Chainlink Data Streams have been activated on
Avalanche Blockchain with
GMX integration, as the exchange continues to innovate. This development coupled with strong performances by
Binance Coin,
GMX, and
Borroe Finance, signals positive market reactions. Nevertheless, renowned cryptocurrency investor Arthur Hayes transferred a significant amount of GMX, triggering a
price drop. However,
GMX is still positioned to rally after a price slump of 6.5%. The token has been posited to outperform Uniswap by a Pantera Capital Portfolio Manager. Owing to GMX's deployment of a Perpetual Trading Protocol, it has bagged a $40M
Arbitrum Grant. Even with the sales of stakes by Arthur Hayes, the price of
GMX recovered, proving market resilience. However, the exchange did fall victim to a $400k price manipulation which made use of its no slippage feature.
GMX has proposed deployment on Coinbase's base blockchain and it has been positively received by notables like Lido and Maker. After connecting to
Chainlink's Low-Latency Oracles and surpassing Ethereum blockchain in daily fees,
GMX is showing streaks of potential. However, recent instances of theft and price manipulation exploits have been of concern. Despite the ebbs and flows, GMX has shown promise of steady growth over the next decade.
GMX Coin News Analytics from Tue, 09 Sep 2014 07:00:00 GMT to Thu, 27 Jun 2024 20:46:48 GMT -
Rating 6
- Innovation 5
- Information 5
- Rumor 2
