GMX Price Hits $45.59 on Top Exchanges (GMX)

GMX (GMX) traded 1% higher against the dollar during the twenty-four hour period ending at 16:00 PM Eastern on February 9th. GMX has a market cap of $429.69 million and $14.53 million worth of GMX was traded on exchanges in the last 24 hours. One GMX token can currently be purchased for about $45.59 or 0.00095727 BTC on cryptocurrency exchanges. During the last seven days, GMX has traded up 4.9% against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • KILT Protocol (KILT) traded down 1.2% against the dollar and now trades at $0.35 or 0.00000725 BTC.
  • 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded up 1.9% 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 up 0% against the dollar and now trades at $0.0121 or 0.00000025 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 1% higher against the dollar and now trades at $0.0090 or 0.00000019 BTC.
  • AXIA Coin (AXC) traded down 0.1% 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 9,736,649 tokens and its circulating supply is 9,424,010 tokens. GMX’s official website is gmx.io. 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.

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 U.S. dollars. Investors seeking to acquire GMX should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy GMX using one of the exchanges listed above.

Receive News & Updates for GMX Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for GMX and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.