A crypto analyst with 747,200 followers on Twitter talked about a low-cap altcoin project. According to him, this unknown cryptocurrency will explode in the coming weeks. The analyst also underlines that he sees a future in the project and that he entered with large capital.
“This altcoin is getting ready to explode”
Crypto Dog, a popular cryptocurrency analyst, talked about the cryptocurrency called GMX. For those who don’t know, GMX is a decentralized exchange (DEX) that offers low clearing fees and zero price impact transactions. The analyst describes GMX as “a well-researched and confident game.” According to him, this little-known altcoin will make big gains in the next two weeks.
According to Crypto Dog’s post, the altcoin is trading in a trend that challenges the overall crypto market. Also, all of its key metrics look healthy. GMX is currently trading at $40.77, down 7.01% in the last 24 hours. In the analyst’s view, it will explode up to $60 in the coming weeks. The Crypto Dog had this to say about GMX:
“The graphic looks very good aesthetically for now and maybe for the future. My hunch says that GMX is trading at $60 in the next two weeks. After looking at this chart and analyzing new users, average volumes and revenues, my hunch sounds right.”
“The longest game”
Crypto Dog says it has invested heavily in GMX as it believes the under-the-radar altcoin is currently the longest-running altcoin in the crypto market. He points out that in his last transaction he added more GMX to his portfolio. Accordingly, he finally bought GMX for $250,000 by withdrawing money from Arbitrum. In addition, the analyst adds that the altcoin project occupies the largest place in his portfolio. As a result, analysts with 747,000 followers share their belief in this cryptocurrency with their followers. Crypto Dog said:
“I needed to send another withdrawal to Arbitrum and purchase another $250,000 worth of GMX. The current GMX price is higher than any of my previous purchases, but the fundamentals have strengthened significantly to justify it. It will be happy to get a better deal at a higher price. GMX makes up the largest portion of my net worth and I’ve bought more. In my opinion, the best long-term and accessible altcoin in crypto right now.”
GMX has recently fallen victim to price manipulation
Alongside Crypto Dog’s suggestions, GMX suffered an exploit on Sept. 18. As Cryptokoin.com reported, the exploiter earned $565,000 in AVAX through price manipulation in the AVAX market on GMX’s exchange. He then transferred them to different exchanges, with 200,000 tokens each, in a total of 5 transactions. After the attack, the price of AVAX and GMX decreased.
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