At 5:53 am EST today, September 18, GMX’s price is $33, with a slight increase of 2% in the last 24 hours. It has also recorded price gains of 7% over the last seven days as buyers continue to force a rally. The release of the GMX Version 2 funds earlier in September and other exciting developments within the ecosystem in the past week are likely driving its price gains.
Furthermore, the upcoming release of the GMLP and its integration with GMX Version 2 will likely influence GMX’s price positively. The Cartel has been working on a new asset called GMLP that adds more functions to the GMX V2. GMLP simplifies the process of accessing diverse assets via the GM pool, allowing users to purchase a share of all GM pools with one click. This update will launch in Q4 2023, bringing exposure, multi-chain integrations, and auto-compounded yield.
GMX shows a slight improvement from yesterday’s price slump, forming a green candle on the daily chart with a long upper wick. The upper wick of today’s candle is close to the upper Bollinger Band (BB), expressing a bullish sentiment and confirming an increase in buying pressure. The Relative Strength Index (RSI) is 43.99 but moves out of the neutral zone as buyers re-enter the market. Based on these indicators, GMX is likely moving into an uptrend.
GMX has found support at the $31.9 level, preventing a downtrend since September 13. The upper wick of today’s candle has broken above the $33.4 resistance level, showing rising interest from buyers. A break above this resistance level will move GMX to the next profit target of $34.9. However, traders must wait for today’s closing price to confirm if the rally will continue.
While GMX’s daily chart analysis shows uncertainty, investors can consider BTCBSC’s ongoing presales for short-term rewards. BTCBSC is a cryptocurrency project that is currently in the presale phase. The project has a roadmap that includes the presale, staking process, token launch, and listing on the BNB smart chain. The staking option is available for investors looking to get involved.
During the presale, each BTCBSC token is worth $0.99. The presale has realized over $2.7 million since its launch and is approaching its goal of $3.96 million. BTCBSC also offers a referral program where users can earn additional rewards by inviting their friends to join the presale.
Interested investors can make instant BTCBSC purchases by connecting their wallets to the official website and utilizing cryptocurrencies such as BNB, ETH, or USDT.
In conclusion, GMX’s price gains are likely driven by the release of GMX Version 2 funds and other developments within the ecosystem. The upcoming release of GMLP will further enhance GMX’s functionality and may lead to a surge in its price. On the price chart, GMX shows signs of an uptrend with buyers attempting to break out of a sideways trend. Additionally, investors can consider participating in BTCBSC’s presales for short-term rewards before the token launches and lists on exchanges.
Hot Take: BTCBSC Soars Above $2.7 Million in Presales, Pressing Forward to Hard Cap Soon
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