GMX Reaches 24-Hour Volume of $58.62 Million (GMX)

GMX (GMX) traded down 1.3% against the U.S. dollar during the 1-day period ending at 23:00 PM E.T. on March 4th. During the last week, GMX has traded 9.6% higher against the U.S. dollar. One GMX token can now be bought for approximately $57.34 or 0.00084445 BTC on popular cryptocurrency exchanges. GMX has a total market capitalization of $544.06 million and approximately $58.62 million worth of GMX was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • KILT Protocol (KILT) traded 18.3% higher against the dollar and now trades at $0.45 or 0.00000664 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 down 2.2% 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.
  • Lego Coin (LEGO) traded 28.6% higher against the dollar and now trades at $0.0090 or 0.00000013 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 0.1% higher against the dollar and now trades at $0.0107 or 0.00000016 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About GMX

GMX’s launch date was September 1st, 2021. GMX’s total supply is 9,487,526 tokens. GMX’s official message board is gmxio.substack.com. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. The official website for GMX 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 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 GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase GMX using one of the aforementioned exchanges.

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.