- 1 The price prediction shows that the GMX price may surpass $65 by the end of 2024.
- 2 GMX price currently trades at $50.47 with a decline of 4.48% in the past 24 hours.
- 3 GMX weekly chart shows that the bullish trend may halt as the price is reaching a major supply zone.
GMX (GMX) is a decentralized exchange (DEX) which enables users to trade perpetual cryptocurrency futures. It provides up to 50x leverage. It operates on the Arbitrum and Avalanche blockchains and is known for its high liquidity, tight spreads, and low fees.
GMX has a unique feature of real-time settlement system, which ensures that all trades are settled immediately. It eliminates the risk of counterparty failure and provides a secure environment.
The real-time settlement has established it as a leading DEX for derivatives trading. Its innovative approach to liquidity provision and its commitment to user experience have attracted a large and active community of traders, making GMX a key player in the decentralized finance (DeFi) ecosystem.
GMX crypto price has slipped over 6% in the past two intraday sessions and was near the round level of $50. The daily chart illustrates that the bulls turned aggressive after the price bounced back from the 50 EMA. The price is up over 43% in the past one month indicating bullish dominance in the short term.
It had a 24-hour trading volume of $34.28 Million with a drop of 7.01% as compared to the previous day. The live market cap is $466.01 Million and stands at 94th among the top cryptos. The volume-to-market cap ratio is 7.55% indicating mild volatility in the market.
GMX Price Prediction November 2023
The price trend analysis showcases an optimistic outlook in the short term which may continue to prevail. The short term trend may continue until the price reaches a major supply zone and encounters a strong selling pressure.
The price prediction for November 2023 shows a neutral to bullish outlook above the 50-day and 200-day EMAs. As per analysts, the GMX price has an upside potential of over 15% from CMP. the price may reach a high of $58.1 by the end of November.
GMX Price Prediction 2023
The optimistic analysts expect GMX price to surge past $62.1 by the end of 2023, indicating an upside potential of 23.44% from CMP. The bulls are dominating in the short term and might continue to dominate, turning the long-term trend optimistic.
The minimum price target up to which the price may reach is estimated at $46.36 by the end of 2023.
GMX Price Prediction 2024
As per the analysts, the most optimistic target that GMX crypto may achieve is $74.3 indicating an upside potential of 48.3% from the CMP. The average analyst price target is $66.42 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $61.27.
GMX Price Prediction 2025
Over the next three years, the GMX crypto price may reach a maximum of $98.07 as per the most optimistic estimates of the analysts. The price may surpass $82.7 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $74.65.
GMX Price Prediction 2026
The GMX price may reach a high of $115 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $92.21 by 2026.
GMX Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view estimates a price target of $143.44. The analysts’ average price target is $132.1 and the minimum price target that the GMX crypto may achieve by 2027 is $123.71.
GMX Price Prediction 2028
As per analysts, the crypto markets may observe a sharp rise by 2028 due to many innovations in technologies. The most optimistic view of analysts estimate the GMX crypto to touch a high of 197.77 by the end of 2028.
Moreover, the average price target of analysts by 2028 is $184.2. The minimum price target up to which it may advance is $177.72 by 2028.
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.