Crypto Analyst Makes ‘High Confidence’ Prediction of One Altcoin Rising in Next Two Weeks – Here’s His Target
A widely followed crypto strategist names a low-cap altcoin that he says could explode in the coming weeks.
The pseudonymous analyst known in the industry as The Crypto Dog says his 747,200 Twitter followers that he views GMX (GMX) as his “well-researched and confident play.”
GMX is a decentralized spot and perpetual crypto exchange that offers low exchange fees and trades with zero price impact.
According to The Crypto Dog, all basic calculations see 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 as well. My hunch is that GMX trades for $60 in <2 weeks.
After staring at this chart and seeing new users, average volumes and revenue, it sounds about right.”
Crypto Dog too says that he is loading heavily on GMX as he believes the under-the-radar altcoin is the best long-term play in the crypto markets right now.
“I had to forward another withdrawal to Arbitrum and buy another $250,000 worth GMX. This GMX price is higher now than all my previous purchases, but the fundamentals have gotten significantly stronger to justify it. Willing to accept a better offer at a higher price...
GMX makes up the largest portion of my net worth and I just bought more. I think it’s the best long-term and available play in crypto right now.”
At the time of writing, GMX is changing hands for $40.00. A move to the analyst target of $60 represents a 50% upside potential 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 high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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
