GMX Price Reaches $28.03 on Exchanges (GMX)

GMX (GMX) traded 0.5% lower against the U.S. dollar during the one day period ending at 22:00 PM E.T. on April 18th. GMX has a total market capitalization of $265.07 million and $20.46 million worth of GMX was traded on exchanges in the last 24 hours. One GMX token can now be bought for approximately $28.03 or 0.00045825 BTC on major cryptocurrency exchanges. During the last seven days, GMX has traded 22.7% lower against the U.S. dollar.

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

• KILT Protocol (KILT) traded 2% higher against the dollar and now trades at $0.33 or 0.00000537 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 down 2.2% 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 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 flat against the dollar and now trades at $0.0086 or 0.00000013 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 down 1.5% against the dollar and now trades at $0.0085 or 0.00000014 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 9,456,996 tokens. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. The official website for GMX is gmx.io. 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 presently possible to purchase alternative cryptocurrencies such as GMX directly using U.S. dollars. Investors seeking to acquire GMX should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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