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- 1 The price prediction shows that the GMX price may surpass $105 by the end of 2025.
- 2 GMX price currently trades at $51.68 with a gain of 1.50% in the past 24 hours.
- 3 The GMX weekly price chart illustrates an optimistic outlook in the short term.
GMX is a decentralized exchange (DEX) for perpetual cryptocurrency futures. It provides up to 50x leverage for trading in futures of various cryptocurrencies including BTC, and ETH. Launched in 2021, It has become the leading derivatives decentralized exchange on Arbitrum and Avalanche.
GMX uses an innovative AMM model with a multi-asset liquidity pool (GLP). GLP consists of ETH, BTC, LINK, UNI, etc and its price reflects the value of all GMX listed for trading.
The GMX price has been facing bearishness in the past two weeks after a continuous gain over the last four weeks. The GMX price is up by over 24.37% a month indicating a bullish outlook in the short term.
It had a 24-hour trading volume of $19.07 Million with a drop of 54.20% as compared to the last day. The live market cap is $477.67 Million and stands at 94th position among the top cryptos. The volume-to-market cap ratio is 4.12% indicating low volatility in the market.
GMX Price Prediction November 2023
The weekly price chart shows that bulls have initiated a recovery from the $25 level. The bulls have lifted the price from $25 to a recent high of $54. The short-term trend favors the bulls as the price follows an upward trajectory.
The price prediction for November 2023 showcases a neutral to bullish outlook. The price may reach a high of $62.76 indicating an upside potential of 20.34% by November 2023.
GMX Price Prediction 2023
The optimistic analysts expect that the GMX price may reach a high of $65.03 by 2023, indicating an upside potential of 25.84% from CMP. The bulls are dominating in the short term which may turn the long-term trend optimistic. The pessimistic view of analysts estimates the price may drop to the $44.76 level.
GMX Price Prediction 2024
According to our analysts, the most optimistic target that GMX price may achieve is $88.32. It indicates an upside potential of 69.84% from the CMP. The average analyst price target is $74.63 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $65.75.
GMX Price Prediction 2025
In the next three years, the GMX price may reach a high of $106.1 as per the most optimistic estimates of the analysts. The minimum forecasted price by the end of 2025 is $82.7.
GMX Price Prediction 2026
The GMX price may reach a high of $155.25 if a positive trend prevails for the crypto market. On the other hand, the most pessimistic view of the analysts expects the price to reach $114.99 by 2026.
GMX Price Prediction 2027
As per the price prediction for the year 2027, the most optimistic view of analysts estimates the price to reach a high of $183.219. The minimum price target that the GMX crypto may achieve by 2027 is $139.10.
GMX Price Prediction 2028
The GMX crypto may rise to a high of $233.09 if the most optimistic trend prevails. However, the most pessimistic view of analysts estimates that the price may reach about $191.8 by the financial year 2028.
Disclaimer
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.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
