GMX Price Tops $22.19 on Major Exchanges (GMX)

GMX (GMX) traded down 10.3% against the U.S. dollar during the 24 hour period ending at 17:00 PM ET on October 1st. GMX has a market cap of $215.62 million and $14.51 million worth of GMX was traded on exchanges in the last 24 hours. Over the last week, GMX has traded 13% lower against the U.S. dollar. One GMX token can now be purchased for $22.19 or 0.00036701 BTC on cryptocurrency exchanges.

Here’s how similar 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 down 2.2% 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 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 1.4% higher against the dollar and now trades at $0.0447 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded down 6.5% against the dollar and now trades at $158.10 or 0.00261485 BTC.

About GMX

GMX was first traded on September 1st, 2021. GMX’s total supply is 9,716,552 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.”

Buying and Selling GMX

It is usually not possible to purchase alternative cryptocurrencies such as GMX directly using U.S. dollars. Investors seeking to trade GMX should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase GMX using one of the exchanges listed above.

GMX/USD price chart by TradingView