{"id":362059,"date":"2022-12-06T08:51:15","date_gmt":"2022-12-06T13:51:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=362059"},"modified":"2022-12-06T09:09:44","modified_gmt":"2022-12-06T14:09:44","slug":"is-gmx-the-next-cryptocurrency-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-gmx-the-next-cryptocurrency-to-explode","title":{"rendered":"Is GMX The Next Cryptocurrency to Explode?"},"content":{"rendered":"
GMX is one of the most trending cryptocurrency projects right now – a permissionless, decentralized perpetual swap and spot exchange. By connecting their wallets, traders can utilize it to quickly trade cryptocurrency on-chain. The GMX protocol contains a native token called GMX that serves as governance, utility, and value-accrual token.<\/p>\n
Users can stake GMX tokens to have access to additional incentives as well a share of the protocol fees charged by GMX. The networks Arbitrum and Avalanche are supported by GMX.<\/p>\n
Were going to explore GMX coin and if its worth it to buy, we can see it’s pumping this month and it’s ranked around 80 in the top 100 coins. As it’s gaining traction during the crypto winter, it’s potentially a good investment. We can see that there are $8 million worth of tokens in circulation, that is not a huge supply which is also good.<\/p>\n
We see GMX pumping recently, is it risky to buy GMX now though? Find out in the video below.<\/p>\n