GMX is leading the list of top derivative exchanges. It is currently the best derivative exchange on the Arbitrum ecosystem. With the current narrative building around derivative decentralized exchanges.
As of 26th February 2024, GMX is trading at 51.6 USD with a circulating market cap of 483,989,627 USD.
In this post, we are going to learn what GMX is and does it makes sense to buy the token and hold, based on GMX price prediction 2024 to 2030. But first thing first.
What is GMX?
A decentralized exchange on the Arbitrum blockchain with a focus on perpetual settlement is called GMX. GMX also offers spot trade settlement, though. So GMX is a perpetual and decentralized spot cryptocurrency exchange.
Let’s first define PERPETUAL and SPOT Settlement before we continue to discuss GMX.
Instantaneous purchase or sale settlement is referred to as SPOT trading. Assume a trader wishes to sell cryptocurrency for A dollars. There could not, however, be a comparable cost.
However, the deal is resolved via spot settlement from the liquidity pool.
A perpetual settlement occurs when an item is purchased or sold at a specified price without regard to time limits.
More About GMX
A team that is fully unknown established GMX.
The Arbitrum One Layer 2 (L2) scaling method and the Avalanche blockchain are both used by the decentralized exchange GMX. Chainlink Oracles are what drive GMX.
Swaps on the GMX exchange can be carried out at the oracle-determined market price. There are limit orders available. Only a small number of cryptocurrencies, including DAI, ETH, USDC, UNI, FRAX, LINK, WBTC, USDT, and, are available for spot swaps on the exchange.
GMX is also the name of the GMX exchange’s native token.
What is GMX Token?
The GMX exchange’s utility and governance token is called GMX. Stakeholders on the GMX exchange can get 30% of the platform-wide fees by using the GMX token. The GMX token is used as the governance token on the GMX platform.
Some of the Competitors for GMX?
These are some of the competitors of GMX:
- VVS Finance
- DYDX
- Stargate
- Liquity
- Synthetix
- Rocketpool
- GNS
GMX Onchain Analysis (GMX Stats): February 2024
TVL has grown to over 621.94 million USD as of 26th February 2024.
In the past 30 days, the fees generated on GMX amounted to approximately $9.11m USD.
P/F ratio (fully diluted) = 4.5x
Total Daily active users: 883
GMX Price Prediction for 2024
| When | Maximum Price | Minimum Price |
| March 2024 | $53.200 | $44.333 |
| April 2024 | $44.333 | $36.944 |
| May 2024 | $40.303 | $33.586 |
| June 2024 | $44.333 | $36.944 |
| July 2024 | $53.200 | $44.333 |
| August 2024 | $69.160 | $57.633 |
| September 2024 | $70.543 | $58.786 |
| October 2024 | $74.070 | $61.725 |
| November 2024 | $92.588 | $77.157 |
| December 2024 | $88.884 | $74.070 |
Throughout the course of 2024, the market performance of GMX, likely representing a stock, commodity, or another financial instrument, is expected to exhibit a pattern of fluctuation. At the outset, during months like March and April, the prices are predicted to show a range between $53.200 and $44.333 for the maximum and $44.333 and $36.944 for the minimum, respectively. Over the subsequent months, these values are projected to vary, with gradual increases noted, ultimately culminating in December where the maximum price is estimated to peak at $92.588 and the minimum at $74.070. This indicates a dynamic market trend with potential implications for investors and traders involved in GMX.
GMX Price Prediction for 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $106.661 | $86.017 |
| February 2025 | $112.275 | $80.196 |
| March 2025 | $123.503 | $99.599 |
| April 2025 | $65.001 | $46.430 |
| May 2025 | $70.654 | $56.979 |
| June 2025 | $84.141 | $60.101 |
| July 2025 | $82.492 | $66.525 |
| August 2025 | $90.741 | $64.815 |
| September 2025 | $90.741 | $73.178 |
| October 2025 | $100.823 | $72.016 |
| November 2025 | $102.840 | $82.935 |
| December 2025 | $104.896 | $74.926 |
In the upcoming year of 2025, the GMX token is poised to undergo a series of price fluctuations, reflecting the dynamic nature of the market. At the outset, in January, market analysts predict the token to attain a maximum price of $106.661, while the minimum is expected to stabilize around $86.017. As the months unfold, these fluctuations are likely to persist, showcasing both peaks and troughs in the token’s value. Finally, by the end of December, projections indicate that the GMX token will reach its zenith at $104.896 for the maximum price, with the minimum price settling around $74.926.
GMX Price Prediction for 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $157.344 | $126.891 |
| February 2026 | $204.548 | $146.106 |
| March 2026 | $185.953 | $149.962 |
| April 2026 | $278.929 | $199.235 |
| May 2026 | $206.407 | $166.458 |
| June 2026 | $158.775 | $113.411 |
| July 2026 | $144.341 | $116.404 |
| August 2026 | $111.892 | $79.923 |
| September 2026 | $139.865 | $112.794 |
| October 2026 | $174.831 | $124.880 |
| November 2026 | $192.315 | $155.092 |
| December 2026 | $215.392 | $153.852 |
GMX Price Prediction for 2027
| When | Maximum Price | Minimum Price |
| January 2027 | $344.628 | $277.926 |
| February 2027 | $275.702 | $196.930 |
| March 2027 | $212.079 | $171.031 |
| April 2027 | $180.267 | $128.762 |
| May 2027 | $151.424 | $122.116 |
| June 2027 | $162.822 | $116.301 |
| July 2027 | $130.257 | $105.046 |
| August 2027 | $100.975 | $72.125 |
| September 2027 | $126.218 | $101.789 |
| October 2027 | $157.773 | $112.695 |
| November 2027 | $173.550 | $139.960 |
| December 2027 | $194.376 | $138.840 |
GMX Price Prediction 2028 to 2030
| When | Maximum Price | Minimum Price |
| January 2028 | $233.251 | $188.106 |
| February 2028 | $186.601 | $133.287 |
| March 2028 | $169.637 | $136.804 |
| April 2028 | $144.192 | $102.994 |
| May 2028 | $121.121 | $97.678 |
| June 2028 | $110.110 | $78.650 |
| July 2028 | $137.638 | $110.998 |
| August 2028 | $177.553 | $126.823 |
| September 2028 | $221.941 | $178.984 |
| October 2028 | $277.426 | $198.161 |
| November 2028 | $305.168 | $246.104 |
| December 2028 | $341.789 | $244.135 |
| January 2029 | $235.812 | $190.171 |
| February 2029 | $277.426 | $198.161 |
| March 2029 | $346.782 | $279.663 |
| April 2029 | $412.836 | $294.883 |
| May 2029 | $448.735 | $361.883 |
| June 2029 | $538.482 | $384.630 |
| July 2029 | $512.840 | $413.580 |
| August 2029 | $427.366 | $305.262 |
| September 2029 | $534.208 | $430.813 |
| October 2029 | $667.760 | $476.972 |
| November 2029 | $734.536 | $592.368 |
| December 2029 | $822.680 | $587.629 |
| January 2030 | $801.312 | $646.219 |
| February 2030 | $961.575 | $686.839 |
| March 2030 | $915.785 | $738.537 |
| April 2030 | $763.154 | $545.110 |
| May 2030 | $953.943 | $769.309 |
| June 2030 | $1,192.429 | $851.735 |
| July 2030 | $1,311.672 | $1,057.800 |
| August 2030 | $1,469.072 | $1,049.337 |
| September 2030 | $1,430.915 | $1,153.963 |
| October 2030 | $1,717.097 | $1,226.498 |
| November 2030 | $1,635.331 | $1,318.815 |
| December 2030 | $1,362.776 | $973.411 |
The GMX price prediction for the period of 2028 to 2030 indicates a continuous bullish trend, with a significant increase in value expected. The table shows the expected maximum and minimum prices of GMX for each month in the three-year period.
The value of GMX is expected to increase steadily from a minimum price of $233.251 in January 2028 to a Maximum price of $1,717.097 in October 2030.
The increasing popularity of GMX as a leading DEX alternative to Binance and the growing interest in DeFi and blockchain technology are some of the factors that are expected to drive the growth of GMX.
Overall, GMX presents a potentially lucrative long-term investment opportunity for those looking to invest in the DeFi space.
FAQs
Will GMX Price ever reach $100?
Yes, the price of GMX is expected to hit $100 around January 2025.
Is GMX worth buying in 2024?
Yes, the derivative narrative has just started building out. I think it is a good time to buy GMX in 2024.
What is GMX Price Prediction for 2025?
GMX is expected to trade in between $46.430 and $123.503.
What is GMX Price Prediction for 2030?
As per our technical analysis, the price of GMX can be somewhere around $1,717.097 in 2030.
What is the GMX price prediction in 2025 in INR?
The price of GMX in 2025 is expected to be around ₹10,236.79 in 2025.
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Conclusion: Is GMX a good coin to buy and hold, in 2024?
In my opinion, after correcting by more than 42.37%., one can definitely start adding GMX to their portfolio in February 2024. It is one of the few blockchain companies that generates positive revenue and is profitable.
GMX is also widely used by 9000+ traders and is one of the most popular decentralized derivative crypto exchanges. With centralized crypto exchanges making KYC compulsory, crypto investors have and are moving to decentralized options like GMX.
I think after the token is down by 42.37%. from its ATH, it has achieved a fair valuation. With no one talking about GMX now in February 2024, one should start picking up the token today.
