↝ GMX Coin Rides a Rollercoaster: Price Swings, Integration Proposals and Security Concerns
The summary of recent events shows a mixed atmosphere surrounding GMX Coin . The price prediction for GMX indicated a possible downswing,...
The diverse bunch of topics center around the integration, functionality, and financial performance of GMX Coin. First, a price analysis predicts future financial performance. Alongside, several articles discuss how to buy the GMX Coin. There are explanations detailing how the GMX decentralized trading platform functions as a Crypto DEX as well as proposals from Kwenta to integrate GMX and Gains Network into a perpetual marketplace.
Chainlink data streams have been introduced on Avalanche Blockchain with GMX integration. At the same time, BitMEX founder Arthur Hayes gave away over $1,000,000 worth of GMX to centralized exchanges according to on-chain data. Discussions and scenes of GMX markets demonstrate a leading position in on-chain derivatives, despite a price crash of nearly 27% which jeopardizes a potential 48% rally target.
GMX has proposed a change to its revenue model, which now proceeds to an on-chain vote stage and it plans to deploy on Coinbase's base blockchain. Amid this, there was news of a security breach where hackers stole $3.5M of digital assets from a GMX whale. Nevertheless, GMX price has surpassed the $31 resistance and investors anticipate the $6 million Arbitrum DAO grant to propel further growth.
Dolomite, the first Arbitrum lending protocol, has announced support for GMX V2. An undisclosed trader with an 80% win rate has reportedly invested heavily in GMX. Finally, the GMX V2 virtual launch outlines improvements to the original model with additional features setting the stage for a more innovative venture into the world of cryptocurrency.
GMX Coin News Analytics from Mon, 08 Sep 2014 07:00:00 GMT to Wed, 11 Sep 2024 01:22:26 GMT - Rating 5 - Innovation 8 - Information 7 - Rumor 3
