GMX benefits from FTX collapse and breaks from consolidation. Should you buy it?

GMX token has more than doubled in price
The DEX has witnessed increased activity in November
GMX broke from consolidation and is a buy on a retracement
GMX token (GMX/USD) has doubled in price. Trading at just $25 on November 10, the cryptocurrency touched a high of $59 on December 2. The gains come amid an influx of investors post-FTX collapse. As of press time, GMX was trading at $56.
The collapse of the FTX exchange fueled demand for decentralised exchanges or DEX. Among the DEXs that b