GMX (GMX) Self Reported Market Cap Tops $236.41 Million

GMX (GMX) traded up 8.3% against the US dollar during the 1 day period ending at 17:00 PM E.T. on October 29th. GMX has a total market capitalization of $236.41 million and approximately $30.55 million worth of GMX was traded on exchanges in the last day. In the last week, GMX has traded up 4.3% against the US dollar. One GMX token can now be bought for approximately $24.16 or 0.00033359 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• 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 down 2.2% 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 2.2% lower 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.
• SolvBTC (SOLVBTC) traded up 3.9% against the dollar and now trades at $72,117.32 or 0.99557228 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 3.9% against the dollar and now trades at $71,923.85 or 0.99290144 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

GMX Profile

GMX was first traded on September 1st, 2021. GMX’s total supply is 9,783,394 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. GMX’s official website 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 presently possible to buy alternative cryptocurrencies such as GMX directly using US dollars. Investors seeking to acquire 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 aforementioned exchanges.

GMX/USD price chart by TradingView