Welcome back,
In today's blog we will talk about GMX and why I think it can perform extraordinary in bull run season.
I have shared a little about this token in one of my blogs published recently as well but let us look at the tokenomics for now and also get ourselves aware with what the GMX is all about.
GMX is a decentralized perpetual exchange that is build on top of Arbitrum network. This reason is also the first reason why I am counting on this coin so much, Arbitrum already has the people talking about it and we can say it will do wonders in next bull run.
When we talk about ARB, GMX is the top project that is listed on it. It recently beat Uniswap in terms of transaction fees generation and trading volume so just think of that. It is not a joke beating Uniswap in those data for sure.
As you can see in the screenshot above, the current market cap is at 443 million dollars and that means it still has got the potential to go 10X from here easily. $4 billion dollar for it should not be a difficult task cosidering that people are adopting it and using it more and more.
The coin made all time high this year itself at $91.07 so do your research and see if you want to buy this token. I will close this blog by winding up with the facts about the arbitrum trend as well as adoption benefit for this project where it has beaten Uniswap.
I am not your financial adviser, take care of your funds.
Thank You and Happy trading everyone.