GMX Price Down 14.1% This Week (GMX)

GMX (GMX) traded down 3.4% against the US dollar during the 24-hour period ending at 8:00 AM E.T. on July 30th. GMX has a market cap of $265.65 million and approximately $12.83 million worth of GMX was traded on exchanges in the last day. In the last week, GMX has traded down 14.1% against the US dollar. One GMX token can currently be purchased for $27.66 or 0.00041596 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded down 2.5% against the dollar and now trades at $0.18 or 0.00000271 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 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 up 0.2% against the dollar and now trades at $0.0133 or 0.00000020 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

GMX Token Profile

GMX launched on September 1st, 2021. GMX’s total supply is 9,604,665 tokens. The official message board for GMX is gmxio.substack.com. The official website for GMX is gmx.io. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here.

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 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, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase GMX using one of the aforementioned exchanges.

GMX/USD price chart by TradingView