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

A extensively adopted crypto strategist is naming one low-cap altcoin that he says might explode in the approaching weeks.

The pseudonymous analyst recognized in the trade 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 trade that gives low swap charges and 0 price affect trades.

According to The Crypto Dog, all elementary metrics look wholesome for GMX because it trades in a development that defies the final crypto markets.

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

After gazing this chart and seeing new customers, common volumes and revenues, it sounds proper.”

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Source: The Crypto Dog/Twitter

The Crypto Dog additionally says that he’s closely loading up on GMX as he believes the under-the-radar altcoin is the highest long-term play in the crypto markets proper now.

“I needed to ship one other withdrawal by way of on over to Arbitrum and purchase one other $250,000 price of GMX. This GMX price is larger now than all of my earlier buys, however the fundamentals have gotten considerably stronger to justify it. Happy to take a greater deal at a better price...

GMX includes the biggest portion of my internet price, and I simply purchased extra. I feel it’s the most effective long-term and accessible play in crypto proper now.”

At time of writing, GMX is swapping fingers for $40.00. A transfer to the analyst’s goal of $60 represents an upside potential of fifty% for GMX.

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Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please word that The Daily Hodl participates in affiliate internet marketing.

Featured Image: Shutterstock/Bruce Rolff/Natalia Siiatovskaia

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