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See the live GMX price in EUR. Buy GMX or add it to your Crypto Strategy.

GMX

GMX

GMX to EUR Price

€52.49

GMX Market Cap

€497.71M

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GMX EUR price chart / performance

GMX EUR price chart / performance

Risk warning|
From
Feb 24, 2024
To
Mar 2, 2024

Returns

Returns

Return (24h)
-0.44%
Return (7D)
+13.43%
Return (1M)
+29.91%
Return (1Y)
N/A

My Investment

My Investment

Profit Taken
€0.00
0%
Profit/Loss
€0.00
0%
You Have:
€0.00

GMX (GMX) History and Overview

GMX (GMX) History and Overview

GMX is a decentralized, permissionless exchange for perpetual swaps and spot trading, facilitating on-chain cryptocurrency trades directly from users' wallets. Launched on the Arbitrum One blockchain in September 2021 and later on Avalanche in January 2022, GMX supports these two networks. It allows trading of major cryptocurrencies like BTC and ETH with up to 50x leverage, offering an experience akin to centralized exchanges but with users retaining asset custody.

Central to GMX is its native token, also named GMX, serving as a governance, utility, and value-accrual asset within its ecosystem. Staking GMX tokens yields a share of the protocol's fees and additional incentives. The platform's unique feature is its multi-asset pool, GLP, which holds a mix of stablecoins, ETH, BTC, and other altcoins. This pool facilitates trading and offers liquidity providers fee earnings without impermanent loss.

GMX's trading mechanism is supported by GLP, with liquidity providers earning 70% of fees generated. GLP tokens, which represent a stake in this pool, can be minted and burnt for various assets. GMX also uses Chainlink Oracles for dynamic pricing, aggregating prices from high-volume exchanges.

The GMX token not only enables voting on protocol decisions but also provides stakers with three types of rewards: a 30% share of protocol fees (paid in ETH or AVAX), escrowed GMX (esGMX) tokens, and Multiplier Points that boost yield. The token has a capped supply of 13.25 million, with a significant portion currently staked.

Distinctly, GMX offers a simple swap interface for leveraged positions, akin to traditional platforms, but with self-custody and trustless operation. It combines spot swaps and leveraged trading of perpetual swaps, aiming for high capital efficiency and reduced price impact during trading. The platform leverages Chainlink Oracles to mitigate liquidation risks from price fluctuations.

GMX fosters a strong community ethos, with various community-built tools and communication channels like the Blueberry Pulse newsletter and Blueberry Podcast. Traders and stakers benefit from a user-friendly interface for trading and staking, with clear instructions and options like limit orders, take profit, and stop loss orders. Staking GMX tokens is straightforward, offering multiple rewards visible in the user interface.

How To Buy GMX or Add it to your Strategy

The fastest, most convenient way to purchase GMX is to purchase it on ICONOMI. We check GMX live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy GMX by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if GMX is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy GMX, we recommend you read the next section, as copying might be a better approach.

Add GMX to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have GMX in their structure.

Posts

Here you can read and comment on all posts made by Strategists about GMX GMX. See all GMX price predictions in real time and make the best use of their crypto knowledge.

WCI top altcoins
28 Feb, 2024

Sold $KNC as we didn't get hoped pump. I decided to buy different altcoins, because distributed portfolio could be the right play at the moment. Why? Because we could see different alts popping up and it could be frustrating if we hold only one or two assets that don't move that much.


So we bought $SEI, $OSMO, $NEAR, $GMX , $FXS and $DYDX.

2 people like this
Avatar
@ICONOMI
16 Jan, 2024

New Listing: $GMX


GMX is a decentralized exchange for perpetual swaps and spot trading, facilitating on-chain cryptocurrency trades directly from users' wallets. Launched on the Arbitrum One blockchain in September 2021 and later on Avalanche in January 2022, GMX supports these two networks. It allows trading of major cryptocurrencies like BTC and ETH with up to 50x leverage, offering an experience akin to centralized exchanges but with users retaining asset custody.


Post image
8 people like this
Stable WCI
29 Oct, 2023

$BTC shows no signs of slowing down. In April 2024, another halving event is on the horizon, reducing the block reward to a mere 6.25 $BTC. Historically, post-halving, $BTC has experienced significant rallies. The introduction of an ETF could further intensify this momentum. You might wonder, why discuss $BTC when it's not a part of our current strategy? The answer lies in its pivotal role; a strong $BTC is essential for the prosperity of altcoins. Currently $BTC dominance stands at 54%, marking an 8% increase over the last 6 months. Remarkably, our strategy has outperformed $BTC, achieving a 50% gain compared to $BTC's 16% over the same period, all without holding any. So high dominance level was last witnessed in April 2021. Now primarily due to the weakened state of $ETH. This situation leads us to believe that $ETH might witness positive developments in the upcoming weeks, prompting strategic positioning on our part.


Navigating the market becomes challenging, especially after coins like $RUNE, $INJ, and $LINK surged by over 50%. From experience, it's prudent to consider selling when these cryptocurrencies receive widespread endorsement from influencers. Such endorsements often indicate an impending market manipulation as influencers ride the hype, only to offload their holdings later. Recognizing this trend, we have adjusted our positions, diversifying into promising assets such as $ATOM, $NEAR, and $ROSE. We would ideally include $GMX, but unfortunately, Iconomi does not currently support it. We remain hopeful for its addition in the future.



Have a nice Sunday! 😉



Post image
5 people like this
Stable WCI
11 Dec, 2022

$BTC in the range 15500-17000$ for over a month now. Next FOMC meeting will show a clearer picture regarding rates hike (0,5 bps expected). Anything above could mean a big drop in the markets. We'll have to wait and see.


If you want know why $BTC bottom could be in already, read this article 👇🏻. It could also explain why $BTC suffered quite a lot during this bear phase. Things in crypto change rapidly. Bad news can turn into good news in a matter of days. Now is time to accumulate. Don't go all in, try to make a plan and build a nice position before other people join.


https://entrepreneurshandbook.co/pemdas-4362df99a509


I still thing L2 and zksync will be the next big thing. I'll be investing in DEX (decentralized exchanges). This is the future. My advice to you is, that you try to find a dex with a token with utility. It could be a great dex, but if there is no utility in a token, price won't reflect that. My bet is on $mute. Micro cap, so not being able to add it to my strategy tho 😁


We already own $RUNE.


The other one could be $GMX. This one should be available soon on @ICONOMI. I consider adding it to our strategy, when iconomi adds it.


Have a nice Sunday 😊

6 people like this

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GMX Price FAQ

What Is the Highest Price of GMX (GMX) in EUR?

GMX (GMX) price history shows the highest value of 53.06 EUR . We recorded this price on March 1, 2024, but we cannot exclude that a higher price was registered before January 15, 2024.

What Is the Lowest Price of GMX (GMX) in EUR?
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What Is the Current Price of GMX (GMX) in EUR?
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