GMX Coin, a decentralized perpetual exchange token, has been making waves in the crypto market. The token recently reached a price of
$33.40 on major exchanges while attracting significant proposals such as its integration with Kwenta and Gains Network on the perpetuals marketplace. A major surge occurred for GMX after
Chainlink's Data Streams' integration on the Avalanche blockchain. Furthermore, Arthur Hayes' massive transfer of 237,000 GMX resulted in a sharp price drop. Nonetheless, investors remain optimistic as the price managed to recover after the initial unsteadying. The attractiveness of GMX was evident as it managed a noteworthy performance despite Binance Coin crossing the $300 mark. The
GMX V2 also made strides as it offered exciting incentives for traders on Arbitrum. In a brief slump, the GMX coin shed 27% of its value in a single day and this turbulence signaled a potential 48% rally target. On the brighter side, GMX obtained the majority of the $40M
Arbitrum grant boding well for its future. Noteworthy coins to buy amidst the market dip include GMX, suggesting it continues to hold firm in the storm. It is important to note that GMX has suffered setbacks, such as a $3.5M digital asset theft from a GMX whale and a $565K price manipulation exploit. Despite these challenges, the GMX token continues to gain traction with traders betting on the tokens as a proxy for the Ethereum Layer 2 tool,
Arbitrum. Other significant events include GMX's connection to
Chainlink's Low-Latency Oracles following a community vote and its subsequent surpassing of Ethereum blockchain in daily fees.
GMX Coin News Analytics from Sun, 07 Aug 2022 07:00:00 GMT to Sun, 21 Jul 2024 14:52:55 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 5
