GMX (GMX) – the main DEX exchange on Arbitrum, providing trading services on spot and futures markets. The project allows earning through commissions and liquidity pools. The exchange operates on the Arbitrum and Avalanche networks.
🪙 Fundamental analysis:
🟠 GMX has a TVL (Total Value Locked) of over $600 million. GMX is the most liquid project on Arbitrum.
🟠 Continuous development on GitHub. GMX is developing the market for synthetic assets and a new interface.
🟠 GMX received a grant from Arbitrum for $9.6 million. The grant is aimed at project development and ensuring liquidity.
🟠 71% of token emissions are in the market. Major unlocks have already occurred. The remaining tokens are in the fund and reserve.
📈 Technical analysis:
⚫️ Correction from the 2023 high -51%. The price is at the 2022 listing level.
⚫️ Important buyer level. GMX is at a level from which the price has increased by 126%.
⚫️ GMX is in an ascending trend. Since November 2022, GMX has not updated its lows.
Accumulating the coin with three equal orders at 1-2% of the trading capital allocated to Spot Invest (calculation based on 2%):
1st order: 44.2 (market)
2nd order: 37.01 (limit)
3rd order: 30.44 (limit)
🪙 Take Profit:
Speculative targets:
✅ Target 1: 61.10 (+45%)
✅ Target 2: 84.69 (+92%)
✅ Target 3: 115.03 (+161%)
✅ Target 4: 149.49 (+238%)