GMX Achieves Self Reported Market Capitalization of $224.51 Million (GMX)

GMX (GMX) traded 3.9% lower against the U.S. dollar during the twenty-four hour period ending at 7:00 AM Eastern on October 22nd. During the last week, GMX has traded 2.4% lower against the U.S. dollar. One GMX token can currently be purchased for about $23.02 or 0.00034306 BTC on exchanges. GMX has a total market capitalization of $224.51 million and $12.81 million worth of GMX was traded on exchanges in the last 24 hours.

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

• 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 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.
• 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher 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 down 0% against the dollar and now trades at $0.0944 or 0.00000141 BTC.
• P2P Solutions foundation (P2PS) traded 2.9% lower against the dollar and now trades at $169.90 or 0.00253186 BTC.

About GMX

GMX was first traded on September 1st, 2021. GMX’s total supply is 9,752,827 tokens. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. The official website for GMX is gmx.io. GMX’s official message board 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 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 Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase GMX using one of the exchanges listed above.

GMX/USD price chart by TradingView