GMX is leading the list of top derivative exchanges. It is currently the best derivative exchange on the Arbitrum ecosystem. With the current narrative building around derivative decentralized exchanges.
As of 20th November 2024, GMX is trading at $28.12 with a circulating market cap of 276,605,779 USD.
In this post, we will explore what GMX is and evaluate whether it makes sense to buy and hold the token, based on GMX price predictions from the end of 2024 to 2030. But first thing first.
What is GMX?
A decentralized exchange on the Arbitrum blockchain with a focus on perpetual settlement is called GMX. GMX also offers spot trade settlement, though. So GMX is a perpetual and decentralized spot cryptocurrency exchange.
Let’s first define PERPETUAL and SPOT Settlement before we continue to discuss GMX.
Instantaneous purchase or sale settlement is referred to as SPOT trading. Assume a trader wishes to sell cryptocurrency for A dollars. There could not, however, be a comparable cost.
However, the deal is resolved via spot settlement from the liquidity pool.
A perpetual settlement occurs when an item is purchased or sold at a specified price without regard to time limits.
More About GMX
A team that is fully unknown established GMX.
The Arbitrum One Layer 2 (L2) scaling method and the Avalanche blockchain are both used by the decentralized exchange GMX. Chainlink Oracles are what drive GMX.
Swaps on the GMX exchange can be carried out at the oracle-determined market price. There are limit orders available. Only a small number of cryptocurrencies, including DAI, ETH, USDC, UNI, FRAX, LINK, WBTC, USDT, and, are available for spot swaps on the exchange.
GMX is also the name of the GMX exchange’s native token.
What is GMX Token?
The GMX exchange’s utility and governance token is called GMX. Stakeholders on the GMX exchange can get 30% of the platform-wide fees by using the GMX token. The GMX token is used as the governance token on the GMX platform.
Some of the Competitors for GMX?
These are some of the competitors of GMX:
- VVS Finance
- DYDX
- Stargate
- Liquity
- Synthetix
- Rocketpool
- GNS
GMX Onchain Analysis (GMX Stats): November 2024
TVL has grown to over $823.45 million USD as of 20th November 2024.
In the past 30 days, the fees generated on GMX amounted to approximately $8.42m USD.
P/F ratio (fully diluted) = 2.8x
Total Daily active users: 1.67k
GMX Price Prediction for 2024
| When | Maximum Price | Minimum Price |
| November 2024 | $32.903 | $24.372 |
| December 2024 | $40.471 | $29.978 |
As we approach the end of 2024, GMX is expected to experience notable price fluctuations. In November 2024, GMX’s price is predicted to reach a maximum of $32.903, with a minimum anticipated at $24.372. Moving into December 2024, GMX’s value is projected to rise further, with a maximum price of $40.471 and a minimum price of $29.978.
GMX Price Prediction for 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $44.922 | $33.524 |
| February 2025 | $40.838 | $29.170 |
| March 2025 | $42.880 | $32.000 |
| April 2025 | $37.947 | $27.105 |
| May 2025 | $50.596 | $36.140 |
| June 2025 | $55.656 | $39.754 |
| July 2025 | $49.693 | $35.495 |
| August 2025 | $62.116 | $44.369 |
| September 2025 | $79.508 | $56.792 |
| October 2025 | $66.814 | $47.724 |
| November 2025 | $84.185 | $60.132 |
| December 2025 | $109.441 | $78.172 |
As we move through 2025, GMX is projected to exhibit significant growth. Starting in January with a maximum of $44.922 and a minimum of $33.524, it may see fluctuations, with February reaching $40.838 and $29.170, and March at $42.880 and $32.000. By mid-year, May and June could witness peaks of $50.596 and $55.656, with lows of $36.140 and $39.754. A strong upward trend is expected in the latter half, with September and November seeing highs of $79.508 and $84.185. Finally, as we move into December 2025, GMX could achieve an impressive maximum of $109.441, with a minimum of $78.172.
GMX Price Prediction for 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $104.230 | $84.056 |
| February 2026 | $88.330 | $63.093 |
| March 2026 | $74.227 | $59.861 |
| April 2026 | $57.897 | $41.355 |
| May 2026 | $42.265 | $34.085 |
| June 2026 | $40.252 | $28.752 |
| July 2026 | $33.544 | $27.051 |
| August 2026 | $24.847 | $17.748 |
| September 2026 | $31.059 | $25.047 |
| October 2026 | $38.824 | $27.731 |
| November 2026 | $42.706 | $34.440 |
| December 2026 | $47.831 | $34.165 |
GMX Price Prediction for 2027
| When | Maximum Price | Minimum Price |
| January 2027 | $52.614 | $42.430 |
| February 2027 | $63.198 | $45.097 |
| March 2027 | $57.397 | $46.288 |
| April 2027 | $63.136 | $45.098 |
| May 2027 | $69.450 | $56.008 |
| June 2027 | $53.423 | $38.159 |
| July 2027 | $42.738 | $34.467 |
| August 2027 | $33.131 | $23.665 |
| September 2027 | $41.413 | $33.398 |
| October 2027 | $51.767 | $36.976 |
| November 2027 | $56.943 | $45.922 |
| December 2027 | $63.776 | $45.555 |
GMX Price Prediction 2028, 2029 to 2030
| When | Maximum Price | Minimum Price |
| January 2028 | $70.154 | $56.576 |
| February 2028 | $63.139 | $45.345 |
| March 2028 | $57.399 | $46.289 |
| April 2028 | $63.189 | $45.099 |
| May 2028 | $53.036 | $42.771 |
| June 2028 | $48.215 | $34.439 |
| July 2028 | $60.269 | $48.604 |
| August 2028 | $77.747 | $55.533 |
| September 2028 | $93.296 | $75.239 |
| October 2028 | $84.815 | $60.582 |
| November 2028 | $85.663 | $69.083 |
| December 2028 | $95.942 | $68.530 |
| January 2029 | $86.511 | $69.767 |
| February 2029 | $101.777 | $72.698 |
| March 2029 | $111.955 | $90.286 |
| April 2029 | $133.280 | $95.200 |
| May 2029 | $144.870 | $116.830 |
| June 2029 | $159.357 | $113.826 |
| July 2029 | $151.768 | $122.394 |
| August 2029 | $126.473 | $90.338 |
| September 2029 | $127.738 | $103.015 |
| October 2029 | $159.673 | $114.052 |
| November 2029 | $162.866 | $131.344 |
| December 2029 | $166.123 | $118.660 |
| January 2030 | $175.640 | $141.645 |
| February 2030 | $193.204 | $138.003 |
| March 2030 | $185.773 | $149.817 |
| April 2030 | $154.811 | $110.579 |
| May 2030 | $157.907 | $127.344 |
| June 2030 | $143.552 | $102.537 |
| July 2030 | $186.617 | $150.498 |
| August 2030 | $188.484 | $134.631 |
| September 2030 | $157.907 | $127.344 |
| October 2030 | $189.489 | $135.349 |
| November 2030 | $180.465 | $145.536 |
| December 2030 | $164.059 | $117.185 |
As we move through 2028, the GMX token is expected to start with a maximum price of $70.154 and a minimum of $56.576 in January. By mid-year, June could see prices ranging from $48.215 to $34.439. The year may end on a stronger note, with December witnessing a high of $95.942 and a low of $68.530.
For 2029, the GMX token is projected to start January with a maximum of $86.511 and a minimum of $69.767. The upward trend may continue, with June potentially reaching $159.357 at its peak and $113.826 at its lowest. By December, GMX could achieve a maximum price of $166.123 and a minimum of $118.660.
Looking ahead to 2030, the GMX token is forecasted to begin January with a high of $175.640 and a low of $141.645. By mid-year, June might see prices ranging from $143.552 to $102.537. The year could close with December reaching a maximum of $164.059 and a minimum of $117.185.
GMX Price Prediction (in INR)
| Maximum Price | Minimum Price | |
| 2026 | ₹8,791.28 | ₹1,496.96 |
| 2027 | ₹5,857.76 | ₹1,996.02 |
| 2028 | ₹8,092.23 | ₹2,904.76 |
| 2029 | ₹14,011.64 | ₹5,884.50 |
| 2030 | ₹16,295.79 | ₹8,648.48 |
As we progress through 2026, the GMX token is expected to reach a maximum price of ₹8,791.28 and a minimum price of ₹1,496.96. Moving into 2027, the token’s price may peak at ₹5,857.76, with a potential low of ₹1,996.02. In 2028, the GMX token could see a maximum of ₹8,092.23 and a minimum of ₹2,904.76.
For 2029, GMX is forecasted to achieve a high of ₹14,011.64 and a low of ₹5,884.50, reflecting significant growth. By 2030, the token’s value is anticipated to peak at ₹16,295.79, with a minimum price of ₹8,648.48, showcasing its potential for long-term appreciation.
FAQs
Will GMX Price ever reach $100?
Yes, the price of GMX is expected to hit $100 around December 2025.
Is GMX worth buying in 2024?
Yes, the derivative narrative has just started building out. I think it is a good time to buy GMX in 2024.
What is GMX Price Prediction for 2025?
GMX is expected to trade in between $27.105 to $109.441.
What is GMX Price Prediction for 2030?
As per our technical analysis, the price of GMX can be somewhere around $193.204 in 2030.
What is the GMX price prediction in 2030 in INR?
The price of GMX in 2030 is expected to be around ₹16,295.79 in 2030.
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Conclusion: Is GMX a good coin to buy and hold, in 2024?
In my opinion, after correcting by more than 42.37%., one can definitely start adding GMX to their portfolio in November 2024. It is one of the few blockchain companies that generates positive revenue and is profitable.
GMX is also widely used by 9000+ traders and is one of the most popular decentralized derivative crypto exchanges. With centralized crypto exchanges making KYC compulsory, crypto investors have and are moving to decentralized options like GMX.
I think after the token is down by 42.37%. from its ATH, it has achieved a fair valuation. With no one talking about GMX now in November 2024, one should start picking up the token today.
