A closely followed crypto analyst thinks that a 3x altcoin in less than a month has yet to see real gains. Moreover, he predicts that alongside this altcoin, Binance Coin (BNB) will also reach all-time highs. Details are here.
The analyst, known by the alias The Crypto Dog, told his 746,000 followers that he is bullish on GMX, a decentralized exchange (DEX). He says that GMX, which has already surged over 200% from $15 to over $45 in July, is looking forward to rising further as it trades near an area with a low volume profile.
As Coinactual.com reported, along with crypto analyst GMX, Binance Coin (BNB), the native token of Binance, the world's largest digital asset exchange by USD volume, is also expecting a rise. The analyst thinks that the prices of both altcoins can continue to rise and there are “outliers” that will be resistant to Bitcoin drops.
“It's really nice to focus on and retain outliers that are clearly more bullish than the rest of the market. If a token supply is in a period of accumulation, it doesn't really matter if BTC drops.”
The Crypto Dog specifically, BNB; He says Binance is supported by its strong reputation as a company and the character of exchange CEO Changpeng Zhao (CZ).
"CZ has been publicly bullish since the bottom and has been open about accumulating financially. It seems to me that an all-time high against the dollar is just a matter of time. I think it's a logical target."
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