One hot altcoin has yet to see even real gains, Binance Coin (BNB), despite recently tripling in less than a month, says a closely followed crypto analyst. It is predicted that the stock market is also destined to set new all-time highs.
A pseudonymous analyst known as The Crypto Dog is bullish on GMX, a decentralized exchange (DEX) specializing in perpetual futures, to his 746,000 followers, calling for low swap fees and a ” It aims to offer a zero impact transaction.
Despite jumping more than 200% from the $15s to the $45s already in July, Crypto Dog To tell GMX, a DEX utility token, wants to move higher as its price trades near an area with a very low volume profile.
“There aren’t many GMXs that have traded above this price. I think the empty space acts as a vacuum past here.
Basically, between $20 and $40 has been accumulating for a year. “
Analyst says GMX ‘hasn’t started’ on it Journey.
In addition to GMX, crypto analysts are also bullish on Binance Coin (BNB), the native token of Binance, the world’s largest digital asset exchange by USD volume.
Analysts say both coins are outliers, bullish, and likely to resist Bitcoins decline.
“Seriously, it’s good to be looking at outliers that are clearly more bullish than the rest of the market and sitting on them.
If the token supply is stagnant, it doesn’t really matter if BTC falls here and there. “
Specifically, cryptodog To tell BNB is underpinned by Binance’s strong corporate reputation and the personality of the exchange’s CEO Changpeng Zhao (CZ).
It may feel strange to go on a rampage with BNB, but Binance has a proven track record of taking care of holders.
CZ has been publicly bullish from the bottom and has been vocal about being financially stuck.
In my opinion, a record high against the US dollar is only a matter of time. I think it’s reasonable. “
At the time of writing, GMX is trading at $41.17 and BNB is trading at $311.
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