Can GMX reach $100? GMX Price Prediction 2024-2030
What are the Signals and Predictions?
| Overall Outlook | Partially Bullish |
| 1. Market's Wisdom | Bullish |
| 1a. Market Data | Partially Bullish |
| 1b. Technical Recommendation | Buy |
| 2. Crowd's Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Steady |
GMX has struggled to hold on to the gains it had made recently, however, the asset price has almost doubled since its launch. For GMX, the target will be to break above $100 but it will come across multiple resistance before breaking above $100.
$20 is the immediate support while $42 is the first level of resistance for the asset followed by $60. GMX clearing these two resistances will clear the path for GMX coin price breaking above $100.
| Prediction Range | |
|---|---|
| GMX Price Prediction in Next 24 Hours | $23.4 - $26.0 |
| GMX Price Prediction in This Week | $25.5 - $26.9 |
GMX Price Prediction 2024-2025-2030, Aggregated
| GMX Price Prediction 2024 | $67.7 |
| GMX Price Prediction 2025 | $88.2 |
| GMX Price Prediction 2026 | $138 |
| GMX Price Prediction 2027 | $174 |
| GMX Price Prediction 2028 | $223 |
| GMX Price Prediction 2029 | $317 |
| GMX Price Prediction 2030 | $453 |
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Can GMX Reach $100?
To reach $100, GMX will need to rise 3 times higher. At $100, GMX’s Market Cap would be $0.9 Billion. If GMX were to rise at the rate of 25% every year, it would take 4.5 years to reach $100.
Given this data, let us look at the feasibility of $100
- Quality of Investment – Good
- Growth needed to reach $100 – Feasible
- Market Cap at $100 – Feasible
Considering the criteria Quality of Investment, growth required, and time required, GMX has a high chance of reaching $100.
Will GMX Reach $1000?
To reach a price level of $1000, GMX is required to grow by roughly 35 times its current value.
As we discussed GMX took 3 months to grow by around 2.72 times, thus, considering its 0.9 times growth in one month, we can assume that GMX coin will certainly need at least 18.3 months to reach a price level of $1000.
Again, various economic factors will play an important role in deciding GMX’s price in the coming future. Therefore, it might take more time than expected to reach $1000.
Note: Please consult a registered investment advisor to guide you on your financial decisions.