A closely followed crypto analyst says that one hot altcoin hasn\u2019t even seen the real gains yet, despite recently doing a 3x in less than a month and predicts Binance Coin (BNB<\/a>) is also destined for new all-time highs.<\/p>\n The pseudonymous analyst known as The Crypto Dog tells his 746,000 followers that he\u2019s bullish on GMX<\/a>, a decentralized exchange (DEX) specializing in perpetual futures and aims to provide low swap fees and \u201czero price impact\u201d trading.<\/p>\n Despite already rallying over 200% in July from the $15 range to over $45, the Crypto Dog says<\/a> that GMX, the DEX\u2019s utility token, is itching to move higher as price trades near an area with very little volume profile.<\/p>\n \u201cNot much GMX has traded above this price. I think the empty space will act as a vacuum past here.<\/em><\/p>\n Its basically been in year long accumulation between $20-$40.\u201d<\/em><\/p>\n According to the analyst, GMX \u201chas not started\u201d on its journey<\/a>.<\/p>\n Along with GMX, the crypto analyst is also bullish on Binance Coin (BNB), the native token of Binance, the world\u2019s largest digital asset exchange by USD volume.<\/p>\n The analyst says both coins are \u201coutliers\u201d that will likely remain bullish and resistant to Bitcoin dips.<\/p>\n \u201cSeriously though it is nice to just focus on outliers that are clearly more bullish than the rest of the market and sit on them.<\/em><\/p>\n If the supply of a token is being hoarded, it really doesn\u2019t matter if BTC dips here and there.\u201d<\/em><\/p>\n Specifically, The Crypto Dog says<\/a> BNB is backed by Binance\u2019s strong reputation as a company and the character of the exchange\u2019s CEO Changpeng Zhao (CZ).<\/p>\n \u201cIt might feel weird to go heavy in BNB but man Binance has a solid track record taking care of their holders.<\/em><\/p>\n CZ has been publicly bullish since the bottom and been vocal about being stacked financially.<\/em><\/p>\n In my mind all-time high against the US dollar is a matter of time. I think it\u2019s reasonable.\u201d<\/em><\/p>\n At time of writing, GMX is trading for $41.17 while BNB changes hands for $311.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em>
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