GMX Price GMX

GMX Price Overview

The current GMX price is 14.030 €. The price has changed by 1.78% in the past 24 hours on trading volume of 9512193.93 €. The market rank of GMX is 337 based on a market capitalization of 139633845.99 €. GMX has a circulating supply of 10095965.82 GMX. The highest recorded GMX price is 82.980 €. And the lowest recorded GMX price is 8.7500 €.

How do GMX price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.

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Analysing GMX’s price history

Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.

Make sure your price prediction for GMX matches your long-term and short-term financial goals.

There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.

Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the GMX chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.

In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.

News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?

Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.

Factors influencing the Price of GMX

Many factors affect the value of GMX.

The GMX exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.

Government regulations have a great impact on the price of GMX and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.

Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of GMX in the news, monitor GMX on Twitter. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.

Competition and ongoing technological changes make a difference too. Many Web3 tokens are related to established blockchains like Ethereum and Solana. Take Ethereum, for example. The Ethereum Foundation has been open about its plans for introducing new technology to the underlying blockchain. Will those innovations create an opportunity for GMX? Or will they close a technology gap, rendering GMX less valuable as an investment?

Live GMX value and market cap

The live GMX exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.

The market capitalisation of GMX is equal to the value of GMX multiplied by the number of GMX in circulation.

Where to buy GMX

So you’re ready to jump into the world of cryptocurrency and you want to know where to buy GMX (GMX)? GMX is available to buy, sell, and use with the Kriptomat Web3 Wallet – the simple and secure way to store your crypto.

What payment methods can I use to buy GMX

We’ve made it easy to top up your Web3 Wallet! You can fund your Web3 purchases via SEPA bank transfer, Visa, MasterCard, Apple and Google Pay, or Skrill to buy GMX (GMX).

What can you do with your GMX?

Buy GMX with euros

Access GMX tokens before they are listed on centralised exchanges. Get the best rates and purchase with your card or bank account, all on one platform.

Exchange GMX

Swap some or all of your GMX for any other crypto with ease. No crypto platform makes transactions as fast and convenient as Kriptomat.

Use GMX

Use the GMX you buy with the Kriptomat app to access Web3 dApps, DeFi applications, games, and NFT marketplaces.

Sell GMX for euros

Simplify your life with the Web3 wallet that lets you sell your GMX for euros in seconds. Easily withdraw to your bank account or bank card.

Earn GMX

With GMX, you can easily access DeFi with liquidity pools. Liquidity pools are funds that allow users to lend or borrow GMX at competitive interest rates.

Hold your GMX

Your GMX tokens will be securely stored in your Kriptomat Web3 wallet. You can save it for a rainy day or until you’re ready to cash in.

How much is 1 GMX worth?

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GMX Price FAQ