An altcoin analyst claims that a hot altcoin has yet to see real gains, despite making 3x in a short time. The ambitious analyst predicts that Binance Coin (BNB) will similarly reach ATH levels.
Analyst says he hasn’t started gains yet for the 200% rising altcoin
The analyst, nicknamed Crypto Dog, who has 746,000 followers, remains bullish about GMX. GMX is a DEX platform that aims to trade with low fees and “zero price impact”. Native token GMX has gained over 200% since the $15-$45 region in July. However, Crypto Dog expects it to go higher as the price is currently trading near the bottom. The analyst said on Twitter today:
GMX didn’t move much above this price. After this point I believe the space will function as a space. Basically, it accumulates between $20 and $40 a year.
Analyst claims GMX’s adventure “has not begun”
Crypto Dog also says it’s bullish on GMX as well as Binance’s native token BNB. The analyst remains positive against the declines in Bitcoin price of both cryptocurrencies. He also claims there are “outliers” that are likely to remain resistant:
On the other hand, focusing and taking positions on outliers that are clearly more optimistic than the rest of the market. In fact, if a token supply is stacking, it doesn’t matter if BTC drops occasionally or not.
https://twitter.com/TheCryptoDog/status/1555737695606824960
On the other hand, the analyst claims that BNB is backed by Binance’s solid stance and exchange CEO CZ:
Investing heavily in BNB may seem strange, but Binance has a proven track record of caring for its holders. CZ has been loud and clearly up from the low when it comes to piling on financially. I think it’s only a matter of time before the US dollar hits an all-time high. Makes sense to me.
There are important news from Binance
Despite announcing the acquisition, Binance said it does not own the India-based WazirX platform. The acquisition was officially announced by Binance in 2019. Changpeng Zhao, founder and CEO of Binance, said in a series of tweets that the company has been “trying to finalize the deal for the past few years” but has yet to complete the transaction, citing “several issues.”
Binance announced in a blog post in late 2019 that it had acquired WazirX. The official blog post, which features a picture of Zhao and the WazirX founders, also included the Binance executive’s enthusiasm for the deal. In its 2019 post, Binance said:
The acquisition of WazirX demonstrates our commitment and commitment to the Indian people and strengthens the Blockchain ecosystem in India and also takes another step forward in achieving monetary freedom.
As Kriptokoin.com, we have transferred the details in this article.
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