↗ Blockchain Shakeups and Strong Market Presence: A Look Back at GMX Coin's Performance

Kwenta has received proposals to integrate GMX and Gains Network into its perpetuals marketplace. Avalanche blockchain has activated Chainlink data streams due to the integration with GMX. A major crypto event was seen when Arthur Hayes transferred 237,000 units of GMX which triggered a significant price drop. GMX V2 has encouraged members to trade on Arbitrum and win. The GMX price fell nearly 27% in a day causing a setback to the potential 48% rally target. Despite a slump in the crypto market, GMX managed to impress with a strong showing right as Binance Coin crossed the $300 mark. Yet, the decentralised exchange is still enthralling crypto whales, leading to a 20% surge. Incentives were introduced on Arbitrum, making yields on SOL, XRP, DOGE on GMX jump up to 75%. GMX has seen a significant unstaking move by Arthur Hayes to the tune of $10M. Following this move, predictions were made about the future price of GMX. Amidst this chaos, GMX bagged the biggest part of a $40M Arbitrum Grant. To make things more interesting, DOGE pools went live on Arbitrum's favourite DEX with a new version. Reflecting on this, traders now predict a breakout rally for GMX. GMX, post linking with Chainlink's low-latency oracles, is facing competition from dYdX for the top spot in decentralized derivatives. A cybercrime event shook the GMX universe when $3.5M worth of digital assets from a GMX whale was stolen. Despite this setback, GMX has successfully crossed the Ethereum Blockchain in daily fees over a weekend.

GMX Coin News Analytics from Tue, 09 Sep 2014 07:00:00 GMT to Mon, 15 Jul 2024 15:46:14 GMT - Rating 2 - Innovation 6 - Information 8 - Rumor 4