GMX (Global Meter X), a decentralized perpetual exchange, has attracted attention in recent months.
Kwenta is considering integrating
GMX and
Gains Network into its Perpetual Marketplace, adding volume to its trading pairs.
Chainlink Data Streams has activated on the Avalanche blockchain with GMX integration, which should boost its functionality.
Arthur Hayes recently sold off a significant portion of his GMX holdings, triggering a notable price drop.
However, the price recovered quickly, demonstrating resilience in market sentiment. GMX's proposed deployment on
Coinbase's base blockchain might broaden its market reach and validate its credibility. Despite having suffered a
$400k price manipulation exploit, the exchange remains operational with continuous updates. Advanced features, such as GMX's no slippage feature and low-latency Oracles following the community vote, push the platform further ahead.
Moreover,
GMX surpassed Ethereum Blockchain in daily fees during one weekend, underscoring its potential. But the flip side includes hacker attacks, with a significant value of digital assets, primarily GMX, being stolen recently. In terms of market prospects, various analysts have bullish outlooks on the crypto's price, and
GMX is predicted to reach $55.55 by Sep 23, 2022. GMX's high yielding investment opportunities, particularly with Delta Neutral Strategy, seem impressive. Despite some fluctuations, GMX continues to show considerable promise in the fast-evolving crypto market.
GMX Coin News Analytics from Tue, 09 Sep 2014 07:00:00 GMT to Tue, 09 Jul 2024 10:19:43 GMT -
Rating 3
- Innovation 8
- Information 6
- Rumor -4
