Bullish sentiment around GMX is dominant, pointing to a price rally in the coming weeks and months.
The token has posted gains of nearly 35% in the last 7 days, with the digital asset now trading above $63.
GMX has posted promising returns for investors at the start of the year. In the past 7 days, the digital asset has rallied by more than 35%. During this time, the digital asset reached a high of $63. However, the token has in the past 24 hours retraced to trade at $57.50 after a nearly 10% drop. But sentiments still point to a bullish path in the coming weeks and months.
The price rally has led to an increase in social volume as more investors take an interest in the altcoin. The altcoin, which is the utility and governance token of the decentralized spot and perpetual exchange, is further enjoying interest from investors amidst regulatory concerns around centralized crypto exchanges. Binance has come under scrutiny from the U.S. while collapsing in 2022. Other exchanges including C

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