GMX Price Tops $23.76 on Major Exchanges (GMX)

GMX (GMX) traded down 2.7% against the US dollar during the 1 day period ending at 17:00 PM E.T. on September 11th. Over the last seven days, GMX has traded down 6.4% against the US dollar. GMX has a total market cap of $229.87 million and $10.06 million worth of GMX was traded on exchanges in the last 24 hours. One GMX token can currently be purchased for about $23.76 or 0.00041348 BTC on popular exchanges.

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

• 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 down 2.2% 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.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 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 15.7% lower against the dollar and now trades at $0.0568 or 0.00000099 BTC.
• 2G Carbon Coin (2GCC) traded 0.4% lower against the dollar and now trades at $0.0480 or 0.00000183 BTC.

About GMX

GMX launched on September 1st, 2021. GMX’s total supply is 9,673,454 tokens. GMX’s official message board is gmxio.substack.com. GMX’s official website is gmx.io. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here.

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 buy alternative cryptocurrencies such as GMX directly using US dollars. Investors seeking to trade GMX should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy GMX using one of the exchanges listed above.

GMX/USD price chart by TradingView