GMX Coin has been making significant waves, with various predictions suggesting a potential rise in its price in the coming years. Its unique revenue distribution model has recently advanced to the on-chain vote stage, signaling an essential shift in its operations. However, amidst these advancements, the GMX price has hit an all-time low leading to speculations about its future trajectory. On the brighter side, GMX noted a remarkable increase in its self-reported market cap, reaching a whopping $272.01 million. GMX has also expanded its territories by integrating with the Avalanche Blockchain through Chainlink Data Streams.
Arthur Hayes, BitMEX founder, recently transferred a substantial amount of GMX tokens to centralized exchanges as shown by on-chain data. Such a move has reportedly triggered a price drop. Following these developments, Binance also listed the
GMX token, intensifying curiosity about its next move. Key revenue jumps have been observed for several coins on GMX, specifically SOL, XRP, DOGE, as Arbitrum incentives go live. Despite unpredictable crashes, GMX has shown consistent growth, particularly with the acquisition of a significant portion of the $40M Arbitrum grant. The decentralized exchange has even surpassed Uniswap in daily fees earned, which signals strength in its operations. However, a recent scandal saw hackers stealing $3.5M worth of digital assets from a prominent GMX whale, casting a shadow over its security measures. Amid these updates, GMX's engagement with the community through votes to utilize Chainlink low-latency oracles shows a promising approach to innovative integration and improved functionalities.
GMX Coin News Analytics from Sun, 31 Jul 2022 13:30:43 GMT to Wed, 31 Jul 2024 18:32:15 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 5
