GMX Price Prediction 2025-2030 $500 to $2,000

GMX Current Price $51.04 (4,164.71 INR)

Price Statistics of GMX

GMX price:                      $51.04 (4,164.71 INR)

GMX Rank:                     85

Market Cap:                   $429,233,804 (35,027,409,958.52 INR)

GMX Volume:               $18,746,368 (1,529,452,427.47 INR)

What Is GMX?

GMX is known as a decentralized exchange famous for perpetual settlement. Nonetheless, the company additionally offers settlement for spot trading. Hence, GMX is considered a decentralized perpetual and spot crypto exchange.

Spot trading denotes selling or purchasing settlement rapidly. For instance, if a trader intends to trade crypto for a value but a matching price is not available, the respective trade is settled with spot settlement via the liquidity pool. Perpetual settlement takes place when an asset’s trade or purchase is carried out at a predetermined price for which no expiry date is specified.

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GMX was established by a fully anonymous group. The decentralized exchange operates on the Arbitrum One-based Layer-2 scaling solution as well as the Avalanche blockchain. Chainlink Oracles power the platform of GMX. It permits the swaps’ execution at the normal market price in line with the specified Limit orders in oracles. Nonetheless, GMX additionally provides spot swaps for just a few crypto tokens including FRAX, USDT, USDC, DAI, UNI, LINK, WBTC, and ETH. GMX is the exchange’s local token.

GMX’s Price Performance in Comparison with Its Peers

The GMX token has witnessed a price increase of more than 11% in the previous seven days. The token is out-competing the worldwide market of cryptocurrency which is nearly 0.74% up. Nonetheless, the other Avalanche Ecosystem-based crypto assets are 2.59% up in comparison.

The Current Market Sentiment about GMX

The overall sentiment of the community about GMX is bullish. This is because almost 94% of consumers are optimistic about the token at present.

GMX Price Prediction for Short Term

GMX Price Prediction for February 2023

For February this year, GMX is anticipated to remain between $60.05 (4,896.12 INR) and $116.23 (9,476.70 INR). It should witness $86.60 (7,060.84 INR) as its average price.

GMX Price Prediction for May 2023

In 2023’s May, GMX’s price should be between $74.09 (6,106.90 INR) and $85.24 (6,106.90 INR) according to the price analysis. Thus, the price level for the token should be nearly $77.91 (6,352.31 INR).

GMX Price Prediction for August 2023

2023’s August should see GMX’s price range between $78.99 (6,440.53 INR) and $90.88 (7,409.99 INR). Simultaneously, $84.93 (7,739.31 INR) should be its expected average price.

GMX Price Prediction for December 2023

The Price of GMX, as per the price assessment, should be between $85.52 (6,972.15 INR) and $98.39 (8,021.39 INR) in the last month of this year. Furthermore, the token’s average price should be almost $91.95 (7,496.36 INR) in 2023’s December.

GMX Price Prediction 2023-2030 (Long-Term)

The year 2021 had been impressive for GMX in terms of growth. The token was last seen at $51.04 (4,164.71 INR). The price prediction for GMX in the coming years is discussed below.

GMX Price Prediction for 2023

The price of GMX should range from $58.11 (4,737.41 INR) to $87.17 (7,105.40 INR) in 2023. Keeping this in view, the token’s average price should be nearly $93.71 (7,638.49 INR), as per the analysis.

GMX Price Prediction for 2024

As per the price forecast for 2024, GMX should reside between $74.97 (6,110.95 INR) and $112.45 (9,166.02 INR). Its average price should be almost $93.71 (7,638.49 INR) in 2024.

GMX Price Prediction for 2025

As per the price prediction, GMX has the potential to reach the $96.71 (7,884.14 INR)-$145.06 (11,825.80 INR) price range. GMX’s average price should be approximately $120.88 (9,854.56 INR).

GMX Price Prediction for 2026

The estimated price of the GMX token should be placed between $124.75 (10,170.31 INR) and $187.13 (15,255.87 INR) in 2026. $155.94 (12,713.09 INR) should be the average spot for the token’s price during that year.

GMX Price Prediction for 2027

According to the price analysis, the price range to be seen for GMX in 2027 will start from $160.93 (13,119.90 INR) and end at $241.40 (19,680.26 INR). The average price of the GMX token should be almost $201.16 (16,399.67 INR).

GMX Price Prediction for 2028

It is expected that the GMX token will potentially enter the price range of $207.60 (16,924.69 INR)-$311.40 (25,387.04 INR) in 2028. Hence, its average price in that year should be $259.50 (21,155.53 INR).

GMX Price Prediction for 2029

The GMX token’s price in 2029 should range between $267.80 (21,832.18 INR) and $401.71 (32,751.50 INR). Thus, $334.76 (27,293.05 INR) should be the average price level for the token during that year.

GMX Price Prediction for 2030

The price forecast for the GMX token indicates that it should range from $345.47 (28,166.24 INR) to $518.20 (42,248.95 INR) in 2030. Furthermore, the anticipated average price spot for the token should be approximately $431.84 (35,208.00 INR).

FAQs

What Is GMX Coin?

GMX token is used for governance and utility purposes on the GMX exchange. The token permits the stakers on the exchange to get thirty percent of the charges received from around the platform. Furthermore, GMX token’s major use on the exchange deals with Governance.

What Is Unique in GMX?

GMX is considered among several DeFi exchanges providing continuous futures. In addition to this, it is competing with the entirety of the centralized exchange platforms which have spread its market swiftly. The platform offers several use cases for its consumers. Furthermore, the investors are permitted to hold the GMX token for short-term long-term or they can simply swap them on spot.

Several other decentralized exchanges (DEXs) provide only one entity offering a liquidity pool for borrowing. On the other hand, GMX borrowing occurs from the pool consisting of several entities such as LINK, UNI, FRAX, USDT, DAI, USDC, ETH, and BTC. The platform provides both perpetual as well as spot settlement.

Which Platforms Compete with GMX?

The swaps volume on GMX has elevated to a great extent. GMX’s average regular trading has also jumped much higher. A few of the important rivals of GMX take into account Stargate, Rocketpool, DYDX, Synthetix, VVS Finance, and Liquidity.

Where to Purchase GMX?

A few centralized and decentralized crypto exchanges offer trading with the GMX token. Furthermore, the prominent crypto exchanges which have listed the token include Uniswap, Deepcoin, and Binance.

Does GMX Offer a Good Investment Opportunity?

It will be purely based on your risk appetite if you want to invest in GMX. During the recent 24 hours, the price of GMX has seen a decrease of -2.68% Nonetheless, in the previous 30 days, the token has elevated by nearly 15.59% in terms of price. Thus, it is up to you to invest in GMX if it is in line with your trading objectives.