The news of ETH ETF approval is currently making rounds, but the market has witnessed little to no price action. The BTC ETF approval gave birth to the current bull run. Likewise, many traders and investors have anticipated a similar trend for the ETH ETF. Contrary to widespread expectations, we’ve seen a consolidation trend rather than a rally. Despite the announcement, BTC recorded a price dump of over 5%, and a handful of coins switched to a sideways trend. The overall market outlook has remained neutral, even after a significant SEC move. Nevertheless, The top trending cryptocurrencies on the Avalanche chain, for example, have shown resilience in the face of the consolidating market. The article reveals the detailed price action of these tokens. Trending Cryptocurrency Tokens on Avalanche Chain Also, diversification is one of the ways to bulletproof a crypto investment portfolio in the heat of price uncertainties in the market. Hence, it’s essential to explore offerings by new crypto projects, particularly quality presale offerings. Below is a summary of the Sealana presale. A few days ago, the project started the presale offering of its native cryptocurrency, SEAL. Today’s post shares everything investors should know about the project and the overview of its presale. 1. GMX (GMX) GMX is making waves as a decentralized spot and perpetual exchange that offers low swap fees and zero-price impact trades. This platform supports a unique multi-asset pool, which earns liquidity providers fees from market making, swap fees, and leverage trading. Moreover, the GMX token is the platform’s utility and governance token, unlocking various benefits for holders. GMX is currently priced at .53 and has a 24-hour trading volume of ,268,809.92. Despite a 1.89% decline in the last 24 hours, the token has seen a 2.00% increase over the past seven days. With a circulating supply of 9.5 million GMX tokens, the market cap stands at 9,787,634. Over the past week, GMX has increased by 1.90%. However, this growth is slightly below the global cryptocurrency market, up 3.60%, and similar Avalanche ecosystem cryptocurrencies, up 5.80%. Furthermore, GMX is actively traded on 39 cryptocurrency exchanges, including major platforms like Binance and KuCoin. In the last 24 hours, .73 million worth of GMX changed hands, with a recent trading volume of ,196,899. This represents a significant 69.10% increase from the previous day, indicating a rise in market activity. Dear community members, two important Governance proposals are live on Snapshot. These votes concern: – Updating the Maximum Leverage parameters on GMX – Establishing pools and markets for the GMX token on GMX V2 Please vote now: https://t.co/zxJcCyKh8S pic.twitter.com/AmnLIyHT7H — GMX
