A closely-followed crypto analyst thinks that a 3x altcoin in less than a month has yet to see real gains. Moreover, he predicts that alongside this altcoin, Binance Coin (BNB) will also reach all-time highs. Details are here
The analyst, known by the alias The Crypto Dog, told his 746,000 followers that he is bullish on GMX, a decentralized exchange (DEX). Already rising over 200% from $15 to over $45 in July, GMX is looking forward to higher as it trades near an area with a low volume profile. says.
“There hasn’t been a lot of GMX traded above this price. I think the vacuum of space would act like a vacuum here. It was basically a year-long accumulation period of between $20-40.”
According to the analyst, the popular altcoin GMX has not “started” its journey yet.
Koinfinans.com As we have reported,Along with crypto analyst GMX, Binance Coin (BNB), the native token of Binance, the world’s largest digital asset exchange by USD volume, is also expecting a rise. The analyst thinks that the prices of both altcoins can continue to rise and there are “outliers” that will be resistant to Bitcoin drops.
“It’s really nice to focus on and retain outliers that are clearly more bullish than the rest of the market. If a token supply is in a period of accumulation, it doesn’t really matter if BTC drops.”
The Crypto Dog specifically states that BNB; Binance is supported by its strong reputation as a company and the character of exchange CEO Changpeng Zhao (CZ). says.
“CZ has been publicly bullish since the bottom and has been open about accumulating financially. It seems to me that an all-time high against the dollar is just a matter of time. I think it’s a logical target.”
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.