GMX Price Tops $23.06 (GMX)

GMX (GMX) traded up 3.1% against the US dollar during the 24 hour period ending at 23:00 PM Eastern on September 17th. One GMX token can currently be purchased for about $23.06 or 0.00038271 BTC on cryptocurrency exchanges. GMX has a market cap of $223.25 million and approximately $9.18 million worth of GMX was traded on exchanges in the last 24 hours. Over the last week, GMX has traded 3.7% lower against the US dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 14.7% higher against the dollar and now trades at $0.0494 or 0.00000082 BTC.
• 2G Carbon Coin (2GCC) traded 0.4% lower against the dollar and now trades at $0.0480 or 0.00000183 BTC.

GMX Profile

GMX’s launch date was September 1st, 2021. GMX’s total supply is 9,680,708 tokens. GMX’s official message board is gmxio.substack.com. The official website for GMX is gmx.io. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here.

According to CryptoCompare, “GMX is a decentralized spot and perpetual exchange that enables low swap fees and zero price impact trades. It operates with a multi-asset pool that generates liquidity provider fees from market making, swap fees, and leverage trading. The platform leverages Chainlink Oracles and aggregates prices from leading volume exchanges to support dynamic pricing.
While GMX hasn’t provided clear information about its founders, the platform utilizes the GMX token within its ecosystem. The GMX token offers various functionalities, including rewards, staking, vesting, and multiplier points. Users can earn rewards, stake tokens for benefits, convert Escrowed GMX to GMX through vesting, and use Multiplier Points to enhance ETH/AVAX APRs. The token plays a vital role in facilitating activities and providing incentives within the GMX ecosystem.”

GMX Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as GMX directly using US dollars. Investors seeking to acquire GMX should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy GMX using one of the aforementioned exchanges.

GMX/USD price chart by TradingView