GMX Crypto Price Analysis November 2022

GMX is a token of the platform Gmx. Its current price is around $39.98 at the time of writing, with a low of $0, and it has a market cap of 357 million dollars.

What is Gmx (GMX) Crypto?

GMX is the coin of the Gmx platform, which is around $39.98 at the time of writing, with a low of $0. It reached a high of $62.79, and its current ranking is #85, according to CoinMarketCap, with a market cap of 357 million dollars.

GMX is a decentralized, permissionless perpetual swap and spot exchange. Unlike centralized exchanges, this one can be used on-chain, and traders can easily trade cryptocurrency by connecting their wallets. The native coin here is the GMX token, which helps govern trading & provides other benefits. Trading & investing is supported by a pool of assets that earns liquidity providers money for making markets, trading swaps, lending and borrowing funds, and asset rebalancing.

GMX Crypto Analysis 

GMX has a total supply of 8,648,200 coins worth around $39.98 with a market volume of 27 million dollars, whereas the market capitalization is 357 million dollars at writing. Over the past few days, GMX has seen green days. According to our data, investing in GMX is profitable as it has increased by 40% in the past year.

GMX Price Prediction

In the 4H timeframe, the price action of $GMX/USDT has broken the ascending channel support trendline and going downward. Further, if it breaks down its support zone, it can go down.

For any time, on-demand analysis on $GMX Crypto or any other coin can join our Telegram channel.

Gmx Price Analysis
GMX Price Analysis

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Research before investing.

Pratyaksh
Pratyaksh

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