GMX Achieves Self Reported Market Cap of $255.79 Million (GMX)

GMX (GMX) traded up 0.9% against the dollar during the 24-hour period ending at 9:00 AM E.T. on April 27th. One GMX token can now be purchased for approximately $27.03 or 0.00042908 BTC on popular exchanges. In the last seven days, GMX has traded 4.1% lower against the dollar. GMX has a market capitalization of $255.79 million and approximately $12.57 million worth of GMX was traded on exchanges in the last 24 hours.

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

• KILT Protocol (KILT) traded down 1.5% against the dollar and now trades at $0.32 or 0.00000506 BTC.
• 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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 2% against the dollar and now trades at $0.0096 or 0.00000015 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About GMX

GMX’s genesis date was September 1st, 2021. GMX’s total supply is 9,464,486 tokens. The official message board for GMX 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 possible to buy alternative cryptocurrencies such as GMX directly using U.S. dollars. Investors seeking to trade GMX should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy GMX using one of the exchanges listed above.

GMX/USD price chart by TradingView