{"id":135676,"date":"2024-08-16T20:00:45","date_gmt":"2024-08-16T17:00:45","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135676"},"modified":"2024-08-16T12:52:54","modified_gmt":"2024-08-16T09:52:54","slug":"analyst-predicts-major-surge-for-decentralized-exchange-token","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-predicts-major-surge-for-decentralized-exchange-token\/","title":{"rendered":"Analyst Predicts Major Surge for Decentralized Exchange Token"},"content":{"rendered":"<p>In a recent update, The Crypto Dog <strong><a href=\"https:\/\/x.com\/TheCryptoDog\/status\/1823134962708861168\" target=\"_blank\" rel=\"nofollow\">expressed<\/a><\/strong> optimism about GMX, a token utilized by the DEX operating on both Arbitrum (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/arbitrum\/\">ARB<\/a><\/strong>) and Avalanche (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/avalanche\/\">AVAX<\/a><\/strong>) networks, which supports spot and leveraged trading.<\/p>\n<p>The analyst also <strong><a href=\"https:\/\/x.com\/TheCryptoDog\/status\/1823424143976788112\" target=\"_blank\" rel=\"nofollow\">highlighted<\/a><\/strong> a key change in GMX\u2019s profit distribution strategy.<\/p>\n<p>GMX, recognized for its substantial fee generation, will soon use these fees to buy back GMX tokens from the market, injecting around $2 million per week into the token.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ethereum-may-be-nearing-a-bottom-against-bitcoin-analyst-suggests\/\" title=\"Ethereum May Be Nearing a Bottom Against Bitcoin, Analyst Suggests\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ethereum-4-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ethereum May Be Nearing a Bottom Against Bitcoin, Analyst Suggests<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>This move is expected to create persistent buying pressure.<\/p>\n<p>Additionally, The Crypto Dog <strong><a href=\"https:\/\/x.com\/TheCryptoDog\/status\/1823421189479653787\" target=\"_blank\" rel=\"nofollow\">pointed out<\/a><\/strong> that GMX is currently outperforming Bitcoin (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>) in terms of price performance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent crypto analyst, known as The Crypto Dog, has indicated that the GMX token, associated with the decentralized exchange (DEX) GMX, is poised for a significant price surge.<\/p>\n","protected":false},"author":3,"featured_media":44320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-135676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analyst Predicts Major Surge for Decentralized Exchange Token<\/title>\n<meta name=\"description\" content=\"A prominent crypto analyst, known as The Crypto Dog, has indicated that the GMX token, associated with the decentralized exchange ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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