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GMXUSDT

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
GmxusdtHonestly expecting something like this to happen over the next 12 months at some point If btc rallies to yearly highs, already happening? Then the preceding crypto narrative globally would see some retail speculation return to the alt market The most clear fundamental narrative to me is still perps on dexs and this one is the cleverest staking mechanism meaning less gmx on the market driving price up. Expecting a bug market cap markup on this project coming into next bull cycle/ bear market outlier?
Long
by oliver1234ol
1
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
GMX: Pullback in UptrendTrade setup : Following a breakout from Sideways Channel ($30-$60) with robust volume, price resumed its Uptrend. Price broke above $75 and is now retesting that level. If it holds, price has upside potential up to $90. Our own fundamental research recently highlighted GMX as a big beneficiary of FTX fallout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $30. The nearest Resistance Zone is $75, which it broke, then $90.
Long
by altFINS