The GMX token has become a significant asset within the decentralized finance (DeFi) ecosystem. This article provides a comprehensive analysis of its current market value, historical performance, and key statistics to help you understand its price dynamics and market behavior.
What is the Current GMX Price?
The live GMX price is €12.112. Over the past 24 hours, the price has increased by 8.05%, representing a gain of €0.9748. These figures are updated in real-time to reflect the most accurate market data.
Current market capitalization stands at €119,673,530.00, based on a circulating supply of 10,196,230.191 GMX tokens. This real-time data provides a snapshot of the token's present market standing.
GMX Price Performance Over 24 Hours
Understanding short-term price movements is crucial for gauging market sentiment. The past day has shown considerable upward momentum for GMX.
Key statistics from the last 24 hours include:
- A significant price appreciation of over 8%.
- Increased trading volume, indicating growing investor interest.
- Market cap growth aligned with the positive price movement.
These metrics help traders and investors assess immediate market conditions and volatility.
Understanding GMX Market Information
Several core metrics are essential for evaluating any cryptocurrency's market position. For GMX, these include its circulating supply, market capitalization, and trading volume.
Market capitalization, calculated by multiplying the current price by the circulating supply, offers a measure of the asset's total value. The fully diluted valuation considers the total supply if all tokens were in circulation. Analyzing these figures provides context for the project's scale within the broader crypto market.
GMX Historical Price and Returns
Examining historical price data is vital for understanding an asset's long-term potential and volatility patterns. GMX has experienced various market cycles since its inception.
Historical performance analysis helps investors see:
- Long-term growth trends and key support/resistance levels.
- Periods of significant appreciation or correction.
- How the token has reacted to broader market events.
This analysis provides valuable context beyond daily fluctuations, illustrating the asset's journey over months and years.
Frequently Asked Questions
What is the current price of GMX?
The live GMX price is updated continuously and is currently €12.112. This represents a 8.05% increase compared to the previous day's value.
How many GMX tokens are currently in circulation?
The circulating supply of GMX is 10,196,230.191 tokens. This number is used to calculate the total market capitalization of the project.
What is GMX's current market capitalization?
GMX's market cap is approximately €119,673,530.00, based on the current price and circulating supply. This metric helps compare its relative size to other digital assets. To explore more strategies for evaluating market cap metrics, you can view real-time market analysis tools.
What factors influence the price of GMX?
GMX's price is influenced by general crypto market trends, platform adoption rates, changes in trading volume on the GMX exchange, and broader DeFi sector developments. Updates to the protocol also impact investor sentiment.
Where can I securely track GMX's price?
Numerous reputable cryptocurrency tracking websites and portfolio apps provide real-time GMX price data. Always ensure you are using well-established platforms for accurate market information.
What is the future outlook for GMX?
The GMX price is expected to remain volatile in the foreseeable future, influenced by both general market conditions and platform-specific developments. For those looking to understand potential future movements, it's valuable to get advanced market analysis methods.
Conclusion
GMX presents a dynamic asset within the DeFi landscape, characterized by significant price movements and growing market adoption. Its real-time price of €12.112 reflects active market trading. By understanding its current metrics, historical performance, and market context, investors can make more informed decisions regarding this digital asset. As with any cryptocurrency, thorough research and attention to market trends are essential for navigating its price volatility.