GMX is bullish today. In the last 24 hours, the token has gained 3.5%, trading at $52.24, according to CoinGecko. GMX has been making notable gains in recent weeks and is currently up 35% in the past month.
GMX price prediction
GMX has outperformed most altcoins in the market, with 35% gains in the past month. During the last 24 hours, this token has traded in the range of $50 to $54, which shows mild volatility. GMX has also reported trading volumes of more than $37 million during this time.
GMX seems prime to head higher and possibly test the $54 resistance again in the coming hours. For the buyer support to persist, the token needs to hold above $50, as a drop below this level could ignite selling pressure and cause the token to head lower.
If the buyers can rally GMX toward $60, the token could be readying for a new all-time high. GMX needs to make a 16% gain from the current price to rally to a new record high.
GMX has been making notable gains recently, but it now seems that buyer interest is fading away. The token’s Relative Strength Index of 51 shows that the sentiment between the buyers and the sellers is at a neutral level.
On the other hand, the movement of the Moving Average Convergence Divergence (MACD) line shows that the token could be consolidating. However, bulls seem to be holding the upper hand for now.
GMX decentralized exchange sees renewed interest
The GMX decentralized exchange has been seeing renewed interest recently following the FTX exchange’s demise. The decentralized finance (DeFi) space has recorded increased trading volumes during this time, which has resulted in an influx of users to the GMX DEX.
In the weeks following the FTX demise, GMX reported increased trading volumes, revenues, and daily active users. While centralized exchanges are attempting to build trust, the discontent in the crypto community could result in significant gains for GMX.
Altcoins that could make 10x gains
If you are looking to invest in GMX amid the recent gains, you should also consider buying the following altcoins that will make 10x gains.
Dash 2 Trade
Dash 2 Trade is an intelligence platform seeking to equip new and experienced crypto investors with the best trading tools to help them pick winning trades. The Dash 2 Trade dashboard is almost ready for launch.
The Dash 2 Trade presale is in the last stage, and investors are rushing to accumulate the token. In less than 24 hours, $400,000 has already been raised from the presale. The Dash 2 Trade presale has raised more than $9 million.
IMPT
IMPT is another platform attracting a lot of attention for being one of the greenest cryptocurrencies in the market. IMPT supports a marketplace where users can buy, sell and retire carbon credits.
The IMPT presale has only three days left and is scheduled to end on December 11. The presale has raised more than $15.89 million so far. The token has already confirmed listings on the Uniswap, LBank, and Changelly exchanges.
RobotEra
RobotEra is a new Sandbox-like metaverse where players can build an immersive virtual world. The RobotEra ecosystem allows players to be part of the digital world by allowing them to buy land, develop it and acquire infrastructure.
The TARO presale started recently, but traders are already rushing to accumulate the token. The presale is currently in the first stage, and the price will gradually increase in the consecutive stages. The presale has already raised more than $443,000.
Dash 2 Trade - New Gate.io Listing
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- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
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- Trading Community of 70,000+ Members