GMX (GMX) Price Reaches $16.26 on Exchanges

GMX (GMX) traded 3.2% higher against the US dollar during the twenty-four hour period ending at 10:00 AM Eastern on March 6th. During the last seven days, GMX has traded down 11.2% against the US dollar. GMX has a market capitalization of $162.68 million and $12.33 million worth of GMX was traded on exchanges in the last day. One GMX token can now be purchased for about $16.26 or 0.00017868 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded up 1.6% against the dollar and now trades at $0.83 or 0.00000912 BTC.
• 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 down 2.2% 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 2.5% against the dollar and now trades at $90,577.58 or 0.99511880 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.9% higher against the dollar and now trades at $89,628.46 or 0.98469136 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

GMX Token Profile

GMX’s launch date was September 1st, 2021. GMX’s total supply is 10,002,464 tokens and its circulating supply is 10,002,463 tokens. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. GMX’s official message board is gmxio.substack.com. GMX’s official website is gmx.io.

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase GMX using one of the aforementioned exchanges.

GMX/USD price chart by TradingView