In this GMX price prediction, the GMX price is $54.97.
GMX is at the top of the list of top derivative exchanges. It is the best derivative exchange on the Arbitrum ecosystem right now. In this article, we’ll look at the most recent GMX price predictions for 2023, 2025, and 2030, as well as its potential as a long-term investment.
Before delving deeper into the GMX price prediction and discussing numbers that may bore you for no apparent reason, let’s go over the basics of this currency.
What is GMX?
GMX is a decentralized exchange (DEX) that offers spot and perpetual listings as well as leverage, or the ability to borrow money to invest or trade with. The low swapping fees and “zero price impact trades” are its main selling points.
The DEX operates on the basis of a multi-asset liquidity pool. Those who provide liquidity can earn fees from those who trade. Swaps, leverage trading, market making, and asset rebalancing are all subject to these fees.
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Cryptocurrency assets are volatile in nature. Buy and trade at your own risk.
73% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
In addition to attracting providers, GMX hopes that its exchange product will attract users. It has implemented the Chainlink (LINK) oracle, in addition to its low fees, to bring “dynamic pricing” to the DEX. Its platform also “reduces the risk of liquidations from temporary wicks” by “using an aggregate price feed.”
GMX was also available on the Avalanche (AVAX) blockchain and Arbitrum, an Ethereum (ETH)-based platform.
GMX Token System
A dual token mechanism powers the exchange. The liquidity token is the GLP cryptocurrency, which can be used to trade index assets. GLP can be minted using any index asset or burned to redeem an asset. GLP holders are entitled to 70% of swap and leverage trading fees.
The platform’s utility and governance token is the GMX cryptocurrency. The remaining 30% of fees are distributed to coin holders. Arbitrum users will be rewarded in ether (ETH), while Avalanche investors will receive AVAX yield.
In addition to staking, investors can use their GMX to influence the DEX’s future direction. For example, a recently passed proposal increased the maximum leverage of the exchange to 50 times.
Another thing to note is that GMX is a token rather than a coin because it is based on the Avalanche and Ethereum blockchains. There may be references to GMX coin price prediction, but those references are incorrect.
GMX Price Prediction Technical Analysis
GMX has had a busy 2021. To make the most recent GMX price prediction easier to understand, we divided it into two parts: short term GMX price prediction and long term GMX price prediction. GMX had a trading volume of $12,043,125 at the time of writing. In the last 30 days, GMX has increased by 10.58%.
According to our short-term analysis, the average price of GMX in September 2023 will be $52.46 with the highest possible price of $56.13 in September 2023.
Furthermore, according to our long-term analysis, the average price of GMX in January 2024 is $71.52, with the highest possible price in January 2024 being $76.53.
GMX Price Analysis
The current price of GMX is $55.63, and it is currently ranked No. 80 in the entire crypto ecosystem, according to the most recent data. GMX has a market cap of $8,877,898 GMX and a circulation supply of $493,904,701.35.
The cryptocurrency’s current value has increased by $0.68 in the last 24 hours. GMX has been on a good upward trend for the last 7 days, increasing by 0.57%.
GMX has recently demonstrated very strong potential, and this could be a good time to jump in and invest. GMX’s price has risen by 11.77% in the last month, adding a massive average of $6.55 to its current value. Because of this rapid growth, the coin has the potential to become a valuable asset if it continues to rise.
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GMX Price Prediction Historical Data
Past performance is never a guarantee of future results, but knowing what the token has done in the past can help us interpret a GMX price prediction or make our own.
When GMX first went public in September 2021, it was worth around $15. The price fluctuated, as is typical for newly launched cryptocurrencies, reaching a low of $11.22 on September 21. This was followed by an increase, with the price reaching a high of $39.46 on November 7th. Not long after that, on November 16, the token reached a new high of $217.32. However, CoinMarketCap lists the token as being worth $0. on both that day and the following day. Fears about the omicron variant of Covid-19 caused the market to contract, and the GMX token closed the year at $21.96.
While 2021 was a very good year for cryptocurrency, possibly the best in its history, 2022 has seen a drop from last year’s highs. GMX, on the other hand, has accomplished something noteworthy this year. While most cryptocurrencies eventually fell during a bear market that saw the overall value of crypto drop by slightly more than half, GMX eventually rose. While its price of $62.79 on January 16th has yet to be beaten, there have been some other bright spots this year.
However, the token’s price of $20.68 in the aftermath of Russia’s invasion of Ukraine on February 24 was a low point. March was a month of peaks and troughs, but there was enough action at the end of the month for the token to go on a bull run, culminating in a high of $47.28 on 1 April. Following that, however, China’s crypto ban caused a drop in price to close the month at $25.45 before clawing its way back up to $33.15 on 4 May.
The depegging of the UST stablecoin and the subsequent collapse of the associated LUNA cryptocurrency, as well as the subsequent market turmoil, caused GMX to fall to $14.12, and while there was some recovery, worse was to come in June. On June 15, GMX fell to $11.49 due to the cancellation of withdrawals from the Celsius crypto lending platform. However, there was a fairly significant recovery after that, and on 18 July 2022, GMX was worth around $30, indicating that it had risen by more than 35% so far this year.
According to CoinGecko, there were 7.8 million GMX in circulation at the time, out of a maximum supply of 13.25 million. According to the site, this gave the token a market capitalization of around $235 million, ranking it as the 152nd largest cryptocurrency by that metric.
GMX Price Prediction
Overview
| Year | Average Price | Lowest Price | Highest Price |
| 2023 | $56.37 | $45.09 | $67.64 |
| 2024 | $71.52 | $57.22 | $85.82 |
| 2025 | $91.55 | $73.24 | $109.86 |
| 2026 | $117.18 | $93.74 | $140.62 |
| 2027 | $149.99 | $119.99 | $179.99 |
| 2028 | $191.99 | $153.59 | $230.38 |
| 2029 | $245.74 | $196.59 | $294.89 |
| 2030 | $314.55 | $251.64 | $377.46 |
GMX Price Prediction 2023
According to a technical analysis of GMX prices in 2023, the lowest cost of GMX will be $49.50. The GMX price can rise to a maximum of $55.89. The average trading price is anticipated to be around $62.27.
The GMX price will begin August at an average of $58.460, with a minimum of $44.656 and a maximum of $72.584, according to Wallet Investor. While the year ended with a low, average, and high price of $55.212, $69.875 and $83.682, respectively.
According to the AMBCrypto analysis, the price of GMX in 2023 should range between $45.09 and $67.64, with an average price of $56.37.
GMX Price Prediction 2025
The price of GMX will begin 2025 at an average of $97.719, with a minimum of $84.012 and a maximum of $112.129, according to Wallet Investor. While the year ended with the lowest, average, and highest prices of $111.163, $125.306, and $139.950, respectively.
According to Changelly technical analysis of GMX prices by cryptocurrency experts, GMX is expected to have the following minimum and maximum prices in 2025: approximately $141.43 and $166.94, respectively. The average expected cost of trading is $146.23.
The calculated price for 2025 is bullish, according to BTCC. Analysts predicted that GMX would reach a maximum price of $138.72 by the end of 2025. On the other hand, it is highly likely that the GMX’s future will improve. As a result, the predicted average price of GMX in 2025 will be around $113.79 to $117.05, depending on the market. According to the same slogan, the GMX’s maximum price for 2025 ranges from $113.79 to $138.72.
GMX Price Prediction 2030
According to AMBCrypto’s analysis, the price of GMX in 2030 should range between $251.64 and $377.46, with the average price being around $314.55.
According to BTCC, GMX has enormous potential, and certain collaborations and innovations could increase the number of users and adoption. If the market focuses on investing in GMX, the price could skyrocket. It has the potential to reach a maximum value of $937.24 by 2030. If the market falls, it is expected that the GMX will correct slightly. The year 2030 could end with an average price of $811.10, with a low of $788.33 and a high of $937.24.
FAQs
Is GMX a good investment?
It’s difficult to say. Much will depend on whether GMX can outperform the market, as well as how well the market as a whole performs.
In volatile cryptocurrency markets, it’s critical to conduct your own research on a coin or token to see if it’s a good fit for your investment portfolio. Whether the GMX token is a good investment for you is determined by your risk tolerance and the amount you intend to invest, among other things.
Remember that past performance is no guarantee of future returns, and never invest money you can’t afford to lose.
What is the all-time-high for GMX?
The highest price for GMX was recorded on April 18, 2023, when it reached an all-time high of $91.07.
Will GMX go up?
It could, but cryptocurrency can be extremely volatile, so keep in mind that prices can go down as well as up.
