GMX (GMX) Trading 6.2% Higher Over Last Week

GMX (GMX) traded 1.8% lower against the U.S. dollar during the one day period ending at 12:00 PM ET on October 19th. GMX has a market cap of $225.16 million and approximately $7.73 million worth of GMX was traded on exchanges in the last 24 hours. One GMX token can now be purchased for approximately $23.10 or 0.00033888 BTC on major exchanges. During the last seven days, GMX has traded up 6.2% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 down 2.2% 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 8.9% higher 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 up 44.5% against the dollar and now trades at $0.0714 or 0.00000105 BTC.
• P2P Solutions foundation (P2PS) traded 0.6% lower against the dollar and now trades at $170.91 or 0.00250683 BTC.

GMX Profile

GMX’s genesis date was September 1st, 2021. GMX’s total supply is 9,745,232 tokens. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. GMX’s official website is gmx.io. The official message board for GMX is gmxio.substack.com.

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 presently possible to purchase alternative cryptocurrencies such as GMX directly using US dollars. Investors seeking to acquire GMX should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase GMX using one of the exchanges listed above.

GMX/USD price chart by TradingView