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 23rd May 2024, GMX is trading at $30.97 with a circulating market cap of 293,781,458 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): May 2024
TVL has grown to over $544.82 million USD as of 23rd May 2024.
In the past 30 days, the fees generated on GMX amounted to approximately $8.99m USD.
P/F ratio (fully diluted) = 3.1x
Total Daily active users: 1.58k
GMX Price Prediction for 2024
| When | Maximum Price | Minimum Price |
| May 2024 | $31.900 | $26.583 |
| June 2024 | $35.090 | $29.242 |
| July 2024 | $38.599 | $32.166 |
| August 2024 | $42.459 | $35.382 |
| September 2024 | $46.705 | $38.921 |
| October 2024 | $47.172 | $39.310 |
| November 2024 | $51.889 | $43.241 |
| December 2024 | $52.408 | $43.673 |
GMX Price Prediction for 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $52.932 | $42.687 |
| February 2025 | $48.120 | $34.371 |
| March 2025 | $49.082 | $39.583 |
| April 2025 | $44.620 | $31.872 |
| May 2025 | $48.500 | $39.113 |
| June 2025 | $53.350 | $38.107 |
| July 2025 | $52.304 | $42.181 |
| August 2025 | $62.765 | $44.832 |
| September 2025 | $63.393 | $51.123 |
| October 2025 | $57.630 | $41.164 |
| November 2025 | $58.782 | $47.405 |
| December 2025 | $59.370 | $42.407 |
GMX Price Prediction for 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $62.339 | $50.273 |
| February 2026 | $68.573 | $48.980 |
| March 2026 | $62.439 | $50.373 |
| April 2026 | $74.807 | $53.433 |
| May 2026 | $82.287 | $66.361 |
| June 2026 | $74.807 | $53.433 |
| July 2026 | $61.824 | $49.858 |
| August 2026 | $56.203 | $40.145 |
| September 2026 | $70.254 | $56.657 |
| October 2026 | $87.818 | $62.727 |
| November 2026 | $96.599 | $77.903 |
| December 2026 | $108.191 | $77.280 |
GMX Price Prediction for 2027
| When | Maximum Price | Minimum Price |
| January 2027 | $119.010 | $95.976 |
| February 2027 | $142.813 | $102.009 |
| March 2027 | $129.830 | $104.701 |
| April 2027 | $142.813 | $102.009 |
| May 2027 | $157.094 | $126.689 |
| June 2027 | $120.841 | $86.315 |
| July 2027 | $96.673 | $77.962 |
| August 2027 | $74.940 | $53.529 |
| September 2027 | $93.675 | $75.545 |
| October 2027 | $117.094 | $83.639 |
| November 2027 | $128.804 | $103.874 |
| December 2027 | $144.260 | $103.043 |
GMX Price Prediction 2028, 2029 to 2030
| When | Maximum Price | Minimum Price |
| January 2028 | $158.686 | $127.973 |
| February 2028 | $142.818 | $102.013 |
| March 2028 | $129.834 | $104.705 |
| April 2028 | $142.818 | $102.013 |
| May 2028 | $119.967 | $96.747 |
| June 2028 | $109.061 | $77.901 |
| July 2028 | $136.326 | $109.940 |
| August 2028 | $175.860 | $125.615 |
| September 2028 | $211.033 | $170.188 |
| October 2028 | $191.848 | $137.034 |
| November 2028 | $193.766 | $156.263 |
| December 2028 | $217.018 | $155.013 |
| January 2029 | $195.685 | $157.810 |
| February 2029 | $230.217 | $164.441 |
| March 2029 | $253.239 | $204.225 |
| April 2029 | $301.475 | $215.339 |
| May 2029 | $327.690 | $264.266 |
| June 2029 | $360.459 | $257.471 |
| July 2029 | $343.295 | $276.850 |
| August 2029 | $286.079 | $204.342 |
| September 2029 | $288.940 | $233.016 |
| October 2029 | $361.175 | $257.982 |
| November 2029 | $368.398 | $297.095 |
| December 2029 | $375.766 | $268.404 |
| January 2030 | $364.786 | $294.182 |
| February 2030 | $372.082 | $265.773 |
| March 2030 | $357.771 | $288.525 |
| April 2030 | $298.143 | $212.959 |
| May 2030 | $304.105 | $245.246 |
| June 2030 | $276.460 | $197.471 |
| July 2030 | $359.397 | $289.837 |
| August 2030 | $362.991 | $259.280 |
| September 2030 | $304.105 | $245.246 |
| October 2030 | $364.927 | $260.662 |
| November 2030 | $347.549 | $280.282 |
| December 2030 | $315.954 | $225.681 |
FAQs
Will GMX Price ever reach $100?
Yes, the price of GMX is expected to hit $100 around December 2026.
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 $31.872 and $63.393.
What is GMX Price Prediction for 2030?
As per our technical analysis, the price of GMX can be somewhere around $372.082 in 2030.
What is the GMX price prediction in 2030 in INR?
The price of GMX in 2030 is expected to be around ₹30,985.13 in 2030.
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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 May 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 May 2024, one should start picking up the token today.
