GMX Price Prediction 2022-2030
GMX Price Prediction 2022 is $52.62
Current Price of GMX
GMX Price Prediction: Performance Chart
- Last 1 Month: -7.0%
- YTD: +140.8%
What is GMX?
GMX is a decentralized exchange that specializes in a perpetual settlement. However, GMX also has a spot trade settlement. Therefore, GMX is a decentralized spot and perpetual crypto exchange.
Before we talk more about GMX, let us know what is SPOT and a PERPETUAL Settlement.
SPOT Trading refers to buy or sell settlement instantly. For example, if a trader wants to sell crypto for an amount and there isn’t a matching price. With spot settlement from the liquidity pool, the trade is settled.
Perpetual settlement happens when there is a buy or sale of an asset at a predetermined price without any expiry date.
Now some facts about GMX
GMX is founded by a completely anonymous team. GMX is a decentralized exchange working on the Arbitrum One Layer 2 (L2) scaling solution and the Avalanche blockchain. GMX is powered by Chainlink Oracles.
In GMX exchange, swaps can be executed at market price as determined by oracles Limit orders. However, the exchange offers spot swaps from only a few cryptos, namely ETH, WBTC, LINK, UNI, DAI, USDC, USDT, and FRAX.
The native token of the GMX exchange is also named GMX.
What is GMX Token?
GMX is the utility and governance token of the GMX exchange. GMX token allows stakers on the GMX exchange to receive 30% of the fees collected from across the platform. The use of the GMX token on the GMX platform is to serve as the Governance token.
How is GMX Different?
GMX is one of the multiple Defi exchanges offering perpetual futures. Added to it, it will be competing with all the centralized exchanges that have expanded its market rapidly. Therefore, what does GMX has to offer to the ones using it?
- On the GMX exchange, an investor can go long, short, or simply swap the tokens on spot.
- Unlike other DEX where borrowing from the liquidity pool happens from just one entity, in GMX borrowing takes place from the pool containing multiple entities like BTC, ETH, USDC, DAI, USDT, FRAX, UNI, and LINK.
- GMX offers both spot and perpetual settlement.
Who are the Competitors and what is the Market for Perpetual Swaps?
The volume of swaps on GMX has grown substantially. The average daily trading on GMX is reported to have surpassed $150M. In 2021, there were roughly $57T perpetual swaps traded.
Some of the Competitors of GMX are:
- VVS Finance
GMX Price Prediction 2022 under various scenarios
GMX Price Prediction: Latest Tweets
GMX Price Prediction 2023
The GMX Price Prediction for 2023 is $71.7 provided GMX gains 50% a year from now. GMX price could reach $57.4 if there is an increase of 20% in the price by the end of 2023.
GMX Price Prediction 2025
The GMX price of 2025 is predicted to be $$63.6 if there is only a 10% annual increase in the price. However, GMX’s price could reach $161 if GMX gains 50% annually from now.
GMX Prediction 2030
The GMX Price Prediction for 2030 is $205 provided GMX gains 30% a year from now.
GMX Price Prediction: Technical Recommendation
GMX Price Prediction: Where to Buy?
GMX token is available on limited exchanges. Here are a few exchanges where GMX is listed for trade Binance, Bybit, MEXC, BingX, and Bitget.