GMX 24-Hour Trading Volume Reaches $40.35 Million (GMX)

GMX (GMX) traded 3.3% higher against the US dollar during the 24 hour period ending at 21:00 PM ET on August 5th. Over the last week, GMX has traded 23.3% lower against the US dollar. One GMX token can now be bought for $21.34 or 0.00037957 BTC on major exchanges. GMX has a total market capitalization of $205.12 million and approximately $40.35 million worth of GMX was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

• 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 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 2.1% lower against the dollar and now trades at $0.0119 or 0.00000021 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 18.6% lower against the dollar and now trades at $0.0627 or 0.00000114 BTC.

About GMX

GMX’s launch date was September 1st, 2021. GMX’s total supply is 9,613,210 tokens. 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. 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.”

Buying and Selling GMX

It is usually not currently possible to purchase alternative cryptocurrencies such as GMX directly using U.S. dollars. Investors seeking to trade GMX should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase GMX using one of the aforementioned exchanges.

GMX/USD price chart by TradingView