Crypto Analyst Makes ‘High Confidence’ Prediction That One Altcoin Rallies in Next Two Weeks – Here’s His Target

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A wide­ly fol­lowed cryp­to strate­gist is nam­ing one low-cap alt­coin that he says could explode in the com­ing weeks.

The pseu­do­ny­mous ana­lyst known in the indus­try as The Cryp­to Dog tells his 747,200 Twit­ter fol­low­ers that he sees GMX (GMX) as his “well-researched and high-con­fi­dence play.”

GMX is a decen­tral­ized spot and per­pet­u­al cryp­to exchange that offers low swap fees and zero price impact trades.

Accord­ing to The Cryp­to Dog, all fun­da­men­tal met­rics look healthy for GMX as it trades in a trend that defies the gen­er­al cryp­to markets.

“The chart looks so good aes­thet­i­cal­ly and maybe for con­tin­u­a­tion too. My hunch says GMX trades in the $60s in <2 weeks.

After star­ing at this chart and see­ing new users, aver­age vol­umes and rev­enues, it sounds right.”

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Source: The Cryp­to Dog/Twitter

The Cryp­to Dog also says that he’s heav­i­ly load­ing up on GMX as he believes the under-the-radar alt­coin is the top long-term play in the cryp­to mar­kets right now.

“I had to send anoth­er with­draw­al through on over to Arbi­trum and buy anoth­er $250,000 worth of GMX. This GMX price is high­er now than all of my pre­vi­ous buys, but the fun­da­men­tals have got­ten sig­nif­i­cant­ly stronger to jus­ti­fy it. Hap­py to take a bet­ter deal at a high­er price...

GMX com­pris­es the largest por­tion of my net worth, and I just bought more. I think it’s the best long-term and acces­si­ble play in cryp­to right now.”

At time of writ­ing, GMX is swap­ping hands for $40.00. A move to the analyst’s tar­get of $60 rep­re­sents an upside poten­tial of 50% for GMX.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Fea­tured Image: Shutterstock/Bruce Rolff/Natalia Siiatovskaia



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