GMX 24-Hour Volume Reaches $39.92 Million (GMX)

GMX (GMX) traded 0.1% higher against the U.S. dollar during the 24-hour period ending at 15:00 PM E.T. on April 16th. GMX has a market capitalization of $264.92 million and $39.92 million worth of GMX was traded on exchanges in the last day. During the last seven days, GMX has traded 28% lower against the U.S. dollar. One GMX token can now be purchased for $28.02 or 0.00044608 BTC on major exchanges.

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

• KILT Protocol (KILT) traded 3.6% lower against the dollar and now trades at $0.34 or 0.00000534 BTC.
• 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher 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.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 0% against the dollar and now trades at $0.0086 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

GMX Token Profile

GMX’s genesis date was September 1st, 2021. GMX’s total supply is 9,454,772 tokens. GMX’s official message board is gmxio.substack.com. The official website for GMX 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 U.S. dollars. Investors seeking to acquire GMX should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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