GMX Price Forecast: GMX Jumps 6% Even As Meme Kombat Surges Past $730K

Updated: 28 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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GMX price is trading at $43.92 as of 9:43 a.m. EST, reflecting a 6% rise in the last 24 hours. The token’s trading volume has also seen an uptick, transitioning from a 13% decrease to a more modest 4% decrease over the past day, with the current trading volume at $36 million.

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What Is GMX? | $GMX Price Prediction

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— Sjuul | AltCryptoGems (@AltCryptoGems) October 17, 2023

These developments contribute to GMX’s weekly performance, which exhibits a notable 26% increase.

GMX/USD Chart Analysis.Source:Tradingview.com — GMXUSD Chart Analysis.Source:Tradingview.com

GMX price has experienced a resurgence from the support level of $31.3, exceeding the 50-day simple moving average (SMA), confirming a bullish trend reversal, and successfully surpassing a significant resistance point.

We anticipate a further upward movement, with the potential for the price to extend beyond the 200-day SMA, currently positioned at $50.7 above the current price.

GMX appears bullish. However, bears could reverse the price trend as it approaches the 200-day SMA. For those with a more positive perspective, there’s potential for an upward breakthrough.

The relative strength index (RSI) supports this bullish sentiment, as it has dipped below the neutral 50 mark and surged into overbought territory at 70. This bullish momentum may persist above the overbought level, facilitating a price movement that could breach the 200-day SMA and reach $63.2.

Meme Kombat (MK) Surges Past $740K

Meme Kombat has achieved an impressive fundraising milestone, raising $748k, which reflects more than 60% of its intended $1 million presale target.

The Meme Kombat team aims to reach a hard cap of $10 million with a coin price of $0.1667, representing a substantial 10x increase from its current value.

Who did it better? $MK pic.twitter.com/EOzSM9xLcd

— Meme Kombat (@Meme_Kombat) October 26, 2023

The token allocation plan includes 50% for the presale, 30% for staking and battle rewards, and 10% for taxes and community rewards.

This unique play-to-earn game offers more than just entertainment; it serves as a platform that combines staking and betting, creating an engaging and potentially rewarding experience for its users.

Join Meme Kombat Warriors, Season 1 Set to Launch

Meme Kombat presents an enticing Annual Percentage Yield (APY) of 112%, making it an appealing investment prospect. The token is currently on the market at $0.1667, offering the potential to achieve a tenfold return on your investment.

Meme Kombat project’s plans indicate a pre-sale launch in the third quarter of 2023, followed by the immediate start of Season 1 Kombat and the exciting anticipation of Season 2 in December, promising significant developments.

This the sort of gaming you speak of? pic.twitter.com/1oCeNoWnEa

— Meme Kombat (@Meme_Kombat) October 26, 2023

Meme Kombat is well-positioned to establish a presence in the cryptocurrency gaming sector, providing both amusement and the chance for rewards to its loyal community.

Inspector Mindset, a well-known YouTuber with 68k subscribers, has praised the project for offering entertainment and acknowledging the token’s substantial potential.

To participate in this opportunity, you can acquire MK tokens through the official Meme Kombat website. For as low as $10, you can purchase $MK tokens using ETH, BNB, or USDT on the ERC-20 and BEP-20 platforms.