GMX

USD

$35.64 ≈ $ 35.64

+￥5204,24 2.53811% 1D

1D 1M 1Y ALL

Updated: 2023-09-27

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Market Cap (USD)	320.91M
24H Volume	8.32M
Circulating Supply	9.04M GMX
Maximum supply	13.25M GMX
All Time High	91.07
Rank	100

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About GMX (GMX)

GMX is a decentralized spot and perpetuals exchange that offers transparent on-chain leverage trading, with zero price impact. The multi-chain protocol is currently live one the Avalanche and Arbitrum One blockchains. Trading on the GMX exchange is supported by a unique multi-asset pool, GLP, where liquidity providers earn fees from market making, swap fees and leverage trading.

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GMX Market

Currency	Price	24h Change	Action
GMX /USDT Spot	$35.64	+2.53811%	Trade
GMX /USDT Perpetual	$40.78	-4.52%	Trade
GMX /USDT 0X Margin	$35.64	+2.53811%	Trade

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GMX FAQs

1. What determines the price of GMX?

There are two schools of thought in determining the price of GMX.

By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of GMX, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of GMX from a long term perspective.

By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of GMX on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for GMX as well.

HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for GMX and the cryptocurrency market as a whole.
2. What is the highest price of GMX in history?

GMX achieved the all-time high of $91.07 in 2023-04-18T10:00:25.680Z, and is currently trading at $35.64.
3. What is the lowest price of GMX in history?

In 2022-06-15T09:30:22.146Z, GMX reached the all-time low of $11.53.
4. Should I buy GMX now?

It is important to remember that GMX, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.