GMX 24 Hour Volume Hits $23.61 Million (GMX)

GMX (GMX) traded up 0.2% against the dollar during the 24-hour period ending at 7:00 AM Eastern on August 26th. GMX has a market cap of $275.79 million and $23.61 million worth of GMX was traded on exchanges in the last day. One GMX token can now be purchased for about $28.60 or 0.00044707 BTC on major cryptocurrency exchanges. During the last week, GMX has traded 16.9% higher against the dollar.

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

• 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 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 1.2% higher 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.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 4.9% against the dollar and now trades at $0.0620 or 0.00000097 BTC.
• P2P Solutions foundation (P2PS) traded 0.3% lower against the dollar and now trades at $157.72 or 0.00246535 BTC.

GMX Profile

GMX launched on September 1st, 2021. GMX’s total supply is 9,642,616 tokens. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. The official message board for GMX 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 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, Changelly or Coinbase. 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