GMX Price Hits $42.21 (GMX)

GMX (GMX) traded 2.2% lower against the U.S. dollar during the 1-day period ending at 18:00 PM Eastern on February 4th. In the last week, GMX has traded 1.9% lower against the U.S. dollar. GMX has a total market cap of $397.46 million and approximately $8.09 million worth of GMX was traded on exchanges in the last day. One GMX token can now be bought for about $42.21 or 0.00099112 BTC on major cryptocurrency exchanges.

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

  • KILT Protocol (KILT) traded 0.2% higher against the dollar and now trades at $0.35 or 0.00000816 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 2.2% lower 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded 0% lower against the dollar and now trades at $0.0122 or 0.00000029 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 1.6% against the dollar and now trades at $0.0087 or 0.00000021 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

GMX Profile

GMX’s launch date was September 1st, 2021. GMX’s total supply is 9,736,260 tokens and its circulating supply is 9,416,423 tokens. The official website for GMX is gmx.io. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. 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 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase GMX using one of the aforementioned exchanges.

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