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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

€32.11

GMX Market Cap

€306.01M

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GMX EUR price chart / performance

GMX EUR price chart / performance

From
Jun 6, 2024
To
Jun 13, 2024
Past performanceis not indicative of future results. EUR (€) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
-1.13%
Return (7D)
-18.19%
Return (1M)
+13.96%
Return (1Y)
N/A

My Investment

My Investment

Profit Taken
€0.00
0.00%
You Have:
€0.00
Unrealised P/L
€0.00
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.

ELEVATE MONSOON
3 Jun, 2024

$GMX is leading Decentralised derivatives exchange by big margin 🚀


$SOL ecosystem implementation is comming in few weeks


More liquidity --> More volumes --> More revenue for $GMX 😎


This protocol will be valued in billions in near future in my opinion.

Post image
One person likes this
ELEVATE MISTRAL
3 Jun, 2024

$GMX is leading Decentralised derivatives exchange by big margin 🚀


$SOL ecosystem implementation is comming in few weeks


More liquidity --> More volumes --> More revenue for $GMX 😎


This protocol will be valued in billions in near future in my opinion.

Post image
One person likes this
ELEVATE MISTRAL
30 May, 2024

$BTC DOMINANCE IS SHOWING WEAKNESS & $ETH ETF HAS BEEN APPROVED 👇


In my opinion this is a perfect combo for ETH/BTC to break out to the upside. ETF for Ethereum will go live in few weeks & this will be a catalyst for altcoins.


The biggest gains will be made in altcoins that solve blockchain trilema, fit world wide tech narrative shifts & onchain indicators are strong.


In my opinion $ROSE has potencial to be one of the fastest horses of this summer and it will stay our highest holding for the foreseeable future.


I'm expecting strong upward movement from our other alts aswell:


Most people I know of have all either sold Altcoins or have forgot about crypto. I think most people will be surprised. I think this will be a crypto summer 😉


Oh and $ROSE is about to do massive MACD bullish cross on 3D 👀

Last time this happened it went from 0,04$ - 0,18$ 👀

Post image
3 people like this
ELEVATE MONSOON
30 May, 2024

$BTC DOMINANCE IS SHOWING WEAKNESS & $ETH ETF HAS BEEN APPROVED 👇


In my opinion this is a perfect combo for ETH/BTC to break out to the upside. ETF for Ethereum will go live in few weeks & this will be a catalyst for altcoins.


The biggest gains will be made in altcoins that solve blockchain trilema, fit world wide tech narrative shifts & onchain indicators are strong.


In my opinion $ROSE has potencial to be one of the fastest horses of this summer and it will stay our highest holding for the foreseeable future.


I'm expecting strong upward movement from our other alts aswell:


Most people I know of have all either sold Altcoins or have forgot about crypto. I think most people will be surprised. I think this will be a crypto summer 😉


Oh and $ROSE is about to do massive MACD bullish cross on 3D 👀

Last time this happened it went from 0,04$ - 0,18$ 👀

Post image
3 people like this
ELEVATE MONSOON
23 May, 2024

NEW STRUCTURE & NEW INVESTMENT THESIS APROACH 👇


With current shifts in AI new trends have started shifting crypto. Most altcoins are still -80% or lower since ATH in 2021. There are very few exceptions that made new ATH, like $BTC & some meme coins.


Like 99% of coins are still heavily diluted in terms of $BTC. Almoust no project made new highs in terms of Bitcoin in past 2 years. Since BTC is cooling down & $ETH ETF is aproaching approval this will sparkle wild altcoin season in my opinion. Wall Street is now inside crypto so in my view what will see biggest expansions will be:

  • revenue driven protocols
  • projects that fit global narrative shift and developments


In the past I've sticked with big runners like $NEAR, $RUNE $AR, etc... but I've sold them to soon. In my view this shows we can spot fundamentaly strong projects, I just need to work on exit plan.


New structure additions:

  • $ROSE --> Optional privacy for WEB 3.0 & AI, AI needs optional privacy and this project offers a solution, already partnered with META, Founder is professor in California University
  • $OSMO --> Interchain DEX of Cosmos $ATOM , new revenue streams, has potencial to become deflationary & massive upgrade for UX comming within 2 weeks
  • $GMX -->Decentralised DEX, One of the biggest revenue generating protocols in entire crypto
  • $EGLD --> Fits blockchain trilema solution thesis with it's unique sharding solution


If Ethereum ETF get's approved and ETH/BTC ratio starts apreciating this will be like a sparkle on gasoline for Altcoins and fundamentaly strong projects will shine.


$ROSE is now our biggest holding as it fits narrative and they've been building solution for optional privacy for AI & WEB 3 for few years now, it's not like they just want to stick with current AI trend.


Current valuation is around 550M$, in roaring bull I think 4B$ Market cap is conservative. This would mean 0,6$ per $ROSE token. I think higher valuations can be reached...


Now let's see what future holds for us 🙂

3 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 55.75 EUR . We recorded this price on March 14, 2024, but we cannot exclude that a higher price was registered before January 15, 2024.

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