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GMX

GMX - V2 Release soon Why GMX Token is a Must-Buy! 💰📈 Hey, you greedy capitalist! GMX token is an opportunity you simply cannot ignore! 🔥 Let me break it down for you: GMX utilizes not one, but TWO tokens in its protocol. We've got GMX (governance) and GLP (liquidity) tokens working in harmony. But here's the real kicker: approximately 80% of the circulating supply is staked! This means that a significant portion of GMX tokens is locked up, creating scarcity and driving up the value. 💎 Now, let's talk about revenue generation. GMX protocol is a cash machine, generating over $100k in daily fees! But here's where it gets exciting: 30% of those fees go directly to GMX stakers. By simply holding GMX tokens, you're earning a passive income. And if you're a clever farmer, GLP is your golden ticket to profit. With 70% of the fees pouring into the GLP pool, yield farming becomes a lucrative endeavor. Now, let's delve into the technicals. GMX is currently sitting on a daily support level, providing a solid foundation for potential gains. But that's not all – keep an eye out for the bullish RSI divergence. It's a clear sign that momentum is building, indicating an imminent move to the upside. Don't miss the boat! 📈 Furthermore, GMX v2 is already being tested on the testnet, and it's only a matter of time before its release on Arbitrum and Avalanche mainnet. This development can bring increased adoption and drive the token's value even higher. In summary, GMX is a must-buy for those who are smart and savvy. With limited token supply, significant revenue generation, passive income opportunities, and promising technical indicators, GMX is primed for success. So, what are you waiting for? Grab those GMX tokens and join the ranks of the smart investors. The time is ripe for seizing this opportunity! 💰🚀 Disclaimer: Remember to conduct thorough research and consult with professionals before making any investment decisions. This thread is for informational purposes only and should not be considered financial advice. Invest wisely!
Long
by Cryptodbs
1
GMX: Sideways ChannelTrade setup : Price got rejected again (3x) at $90 resistance level and is likely to revisit $60-$65 support zone. It’s currently consolidating in a Sideways Channel ($60-90). Swing traders could Enter near $60-$65 Channel Support and Exit near $90 Channel Resistance. Price is up 70% since we highlighted GMX in Dec 2022 as our “Coin Pick” fundamental research recently highlighted GMX as a big beneficiary of FTX fallout. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $60, then $40. The nearest Resistance Zone is $90.
Long
by altFINS
#GMXUSDT At Support, MACD Divergence Signals Potential Reversal💎#GMXUSDT has shown promising signs of a potential bullish reversal. After breaking the downtrend trendline, the price found support at the previous supply area, which has now transformed into a demand zone. Additionally, the 200 Moving Average and 50% Fibonacci retracement level are acting as strong support. The MACD has also signaled a bullish divergence, indicating a possible pullback or continuation of the long-term uptrend. 💎Overall, the outlook for TSX:GMX is bullish in the long term, contingent upon the price staying above the current demand area. The upside target of $70.5, marked by a double Fibonacci resistance, looks enticing. 💎On the other hand, if the price breaks and closes below the current Fibonacci support, it may signal a continuation of downside pressure.
Long
by MyCryptoParadise
GMXUSD: Outside its Triangle, targeting 100.GMXUSD is attempting to close today over its short term Triangle pattern, which is just a neutral formation inside the long term bullish Channel Up pattern. The 1D technicals are bullish (RSI = 62.080, MACD = 0.000, ADX = 29.989) and if the 1D RSI crosses over the LH trendline, it will be the buy trigger we need to target firstly the R1 (90.00) and secondly the top of the Channel Up (TP = 100.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:GMXUSDLong
by InvestingScope
8
Profit Potential Ahead: GMX/USDT Chart Analysis Anticipates UpwaProfit Potential Ahead: GMX/USDT Chart Analysis Anticipates Upward Breakout After Brief Dip:- Greetings traders, I would like to share my analysis on the #GMX/USDT chart with you all. As of now, the price is hovering around $75.35, and I am anticipating a slight downside move before witnessing an upward breakout. My first entry point for this trade would be around $71, with a second entry point of $77 following the breakout. I have set my targets at $81.30 and $85, respectively, with a stop loss placed manually at $70 after the entry is filled. It's essential to note that trading involves some level of risk, and it's crucial to perform your due diligence and assess your risk tolerance before entering any trades. In conclusion, I believe there is potential for profits to be made in this trade, and I encourage you all to keep an eye on the GMX/USDT chart for any potential trading opportunities.
Long
by CryptoPatel
GMXUSDT APRIL looking promising Ethereum Shanghai is releasing on April 12th and the perpetual DEX narrative seems like is catching eyes for ARPIL. Iiquidity pools will be hotter later this year. "Ethereum Shanghai" is currently the hot topic in cryptocurrency space with such update, now what is "Ethereum Shanghai" all about? -As we all know, "Ethereum Merge" update took place earlier in September 2022 and switched the mining process of Ethereum from PoW to PoS. With PoS thousands of investors were able to stake their precious ETH for 3-6% yearly staking rewards, all they were required was 32 ETH initially to stake and lock their ETH for a couple months without being able to move them. Now, with "Ethereum Shanghai" investors will finally be able to withdraw their precious ETH. So to sum things up, "Ethereum Shanghai" is the upgrade that will allow investors to withdraw the money they are staking. What will this mean for the price of Ethereum? - Users have been staking ETH since December 2020 in the Beacon Chain to help secure the exchange by earning rewards. It is thanks to the "Ethereum Shanghai" upgrade those investors will be able to move their money now. It is not necessarily a bearish scenario for Ethereum's price to go down as a result from investors withdrawing their money. However, investors are speculating that Liquid Staking Derivatives(L.S.D :memes_laugh_elon: ) like Lido, Rocketpool, and FXS are going to start attracting all of that money as their staking rewards are seemingly more attractive and offer the option to be able to withdraw their money at any given time.
Long
by CryptoGao1
GMXBTC spot LONG OPPORTUNITYGMXBTC looking bullish. It looks like its primed for a reversal using the /BTC as as different POV to see this analysis. Some of the reasons i like using /btc charts as a different POV are : 1)Benchmarking: /BTC charts can provide a benchmark for measuring the performance of altcoins against Bitcoin. Since Bitcoin is the largest and most well-known cryptocurrency, investors often compare the performance of altcoins to Bitcoin to assess their investment opportunities. 2)Trading strategies: Cryptoinvestors use/BTC charts to develop trading strategies that capitalize on the price movements of both cryptocurrencies. By analyzing the price movements of /BTC, investors can identify trends and patterns that can help them make informed trading decisions.
GLong
by CryptoGao1
#GMX $gmxusd volume profile bullish, last S/R 81$In the last few days we have seen an interesting development in #GMX, which can indicate a potential bull pattern. The S/R zone showed that the last important support area is at $81. Does it mean that the price cannot fall below $75.50? What if the bitcoin falls? Right now the price and trading activity are trying to form a triangle formation. What do you think, can we expect a huge breakout above the triangle? give me your opinion!
by cdlstkbible
The GMX (GMX) DEX Token: 🔍 Enigmatic and 🤔 ConvolutedDiscovering the GMX (GMX)DEX Token: A 🌐 Decentralized Exchange with Mind-Blowing Features The GMX (GMX) DEX Token is a 🌐 decentralized exchange for both spot and margin trading, boasting a credit leverage of up to a staggering x50. It was launched in September 2021, and it supports the seamless functioning of two networks, namely Arbitrum and Avalanche. The 🤫 enigmatic and mysterious GMX team remains entirely anonymous, and there are no confirmed external investors. The exchange is governed and managed by the community of GMX token holders. Interestingly, since its inception in September 2021, the usage of the GMX exchange has been steadily growing. Even amidst the bearish market in 2022, the Total Value Locked (TVL) on the smart contract project has increased by more than a staggering 300%. GMX (GMX) DEX Token's Mind-Boggling Financial Performance As of March 9th, 2023, the TVL on GMX stands at a staggering 💰 $607.5 million, ($512.04 million in the Arbitrum network and $95.45 million in the Avalanche network). At present, GMX stands as the best-decentralized application on the Arbitrum network, primarily due to its exemplary TVL performance. Since its establishment, the total trade volume on the GMX exchange has been steadily approaching the 💲 $90 billion mark, and the overall platform fee has already exceeded a staggering 💰 $130 million. The number of unique users in 2023 shows an upward trend, and a more detailed statistical breakdown on GMX can be viewed through the link provided. GMX (GMX) DEX Token's Robust Market Prices and Secure Smart Contracts The market prices on GMX are primarily anchored on Chainlink oracles, which gather information from leading exchanges, thereby providing protection for positions against liquidation caused by erratic ticks from a single automated market maker. The smart contracts on the GMX exchange have undergone an audit by ABDK Consulting. The GMX token is used to manage the ecosystem of the decentralized GMX exchange. Notably, all platform fees are distributed between the GMX token holders and liquidity providers, with 30% going to GMX stakers and 70% going to liquidity providers. The maximum token supply is planned for 13.25 million GMX, which may be increased in the event that more products are launched and users need to be incentivized to provide liquidity. Any changes to the project's tokenomics will be subject to the relevant voting process. Currently, there are 8.5 million GMX tokens in circulation. For more detailed information on the project's tokenomics, please refer to the exchange's blog. GMX (GMX) DEX Token: A Viable Alternative to Centralized Exchanges There is no information in the exchange's blog on any significant events to expect in the near future. The GMX exchange represents a viable alternative to centralized exchanges, providing both traders and liquidity providers with opportunities to trade and earn. According to Zion Market Research's 2021 report, the DeFi market was valued at 💰 $11.96 billion. It is expected that this figure will exceed 💲 $232.2 billion by 2030. Betting on GMX represents a bet on the continued growth and development of the DeFi market, especially given that it is the leading protocol by TVL on the Arbitrum network, which is yet to reach its peak in popularity. The fully anonymous team is undoubtedly a risk. However, this also isolates GMX from unwarranted lawsuits. It is also worth considering that the value of the GMX token has risen significantly over the past few months. Sellers may apply significant pressure to lock in profits. 🤔 CONSIDERING THE ABOVE, the picture looks as follows: purchases from 💲$50.
CRYPTO:GMXUSDLong
by UnknownUnicorn285026
GMXUSDT -BULLISH Harmonic Bat🦇 +30% TPHi Traders, Investors and Speculators of the Charts 📈📉 Harmonic Bat Patterns or Cypher Patterns are a great way to setup a trade, if you can spot them . They are generally hard to spot, but plotting one out gives you a clear entry, stop loss and three TP (take profit) levels. GMXUSDT is already past the entry and the first TP, but TP 2 and TP 3 are still possible. Here's a little bit more info on what to look out for on a Harmonic Bat Pattern : And if you're looking for a quick masterclass on Harmonic Patterns bullish and bearish, find it here : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
36