GMX (GMX) Price Hits $34.49 on Major Exchanges

GMX (GMX) traded 0.2% lower against the dollar during the twenty-four hour period ending at 20:00 PM E.T. on June 12th. During the last week, GMX has traded 19% lower against the dollar. One GMX token can currently be bought for about $34.49 or 0.00050633 BTC on exchanges. GMX has a market cap of $328.76 million and $18.21 million worth of GMX was traded on exchanges in the last 24 hours.

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

  • KILT Protocol (KILT) traded up 1.2% against the dollar and now trades at $0.24 or 0.00000354 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded up 1.9% 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 0.1% against the dollar and now trades at $0.0104 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 was first traded on September 1st, 2021. GMX’s total supply is 9,531,136 tokens. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. GMX’s official message board is gmxio.substack.com. The official website for GMX 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.”

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 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 purchase GMX using one of the exchanges listed above.

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