GMX (GMX) Price Hits $21.93

GMX (GMX) traded up 8.8% against the U.S. dollar during the 1-day period ending at 23:00 PM Eastern on November 5th. Over the last week, GMX has traded down 9.8% against the U.S. dollar. One GMX token can now be purchased for approximately $21.93 or 0.00029509 BTC on exchanges. GMX has a market cap of $214.95 million and $15.26 million worth of GMX was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over 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 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 9.2% against the dollar and now trades at $74,125.83 or 0.99747144 BTC.
• SolvBTC (SOLVBTC) traded up 8.8% against the dollar and now trades at $73,975.23 or 0.99544480 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About GMX

GMX launched on September 1st, 2021. GMX’s total supply is 9,802,225 tokens. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. The official website for GMX is gmx.io. GMX’s official message board 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 currently possible to buy alternative cryptocurrencies such as GMX directly using U.S. dollars. Investors seeking to trade GMX should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy GMX using one of the aforementioned exchanges.

GMX/USD price chart by TradingView