A widely followed crypto strategist has named one low-cap altcoin he says could explode in the coming weeks.
A pseudonymous analyst known in the industry as The Crypto Dog To tell His 747,200 Twitter followers say he sees GMX (GMX) as a “well-researched and reliable play.”
GMX is a decentralized spot and perpetual crypto exchange that offers low swap fees and zero price impact trading.
According to The Crypto Dog, all basic indicators are look It is healthy for GMX as it trades against the general crypto market.
“This chart looks very good and is probably good to continue. My hunch is that GMX will trade in the $60s in the next two weeks.
After staring at this chart and looking at new users, average volume, and earnings, it seems right. “
crypto dog too To tell He says he puts a lot of pressure on GMX because he believes low-profile altcoins are top of the long-term play in the current crypto market.
“Me Submit another withdrawal to Arbitrum and receive an additional $250,000 worth of GMXThis GMX is priced higher than all previous purchases, but the fundamentals have been significantly strengthened to justify it. Glad to have a better deal at a higher price...
GMX is the largest part of my net worth and I bought more. I think it’s the best long-term and accessible play in crypto right now. “
At the time of writing, GMX is trading hands at $40.00. A move to the analyst’s target of $60 represents his 50% upside potential for GMX.
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Featured Image: Shutterstock/Bruce Rolff/Natalia Siiatovskaia