GMX Price Prediction 2023-2030: Will GMX Price Hit $100 Soon?

• Bullish GMX (GMX) price prediction ranges from $67.7823 to 72.758.
• GMX price might also reach $100 soon.
• GMX’s bearish market price prediction for 2023 is $39.760.

The concept of decentralization has grown as users realize its importance as time passes. GMX allows users access to decentralization features through its spot and perpetual exchange. Moreover, GMX enables trading with BTC, ETH, and various other top cryptocurrencies directly from the user’s wallet.

GMX consists of two tokens that help in empowering their ecosystem. GMX is the utility and governance token of the platform. Meanwhile, GLP is a liquidity provider token. GMX also holds various other benefits for the holders.

If you want to learn about GMX’s price analysis and forecast for 2023, 2024, 2025, 2026, 2027, 2028 until 205, read this Coin Edition price prediction article.

GMX (GMX) Market Overview

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What is GMX (GMX)?

GMX is a decentralized spot and perpetual exchange that allows users to trade Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies straight from their cryptocurrency wallets. The GMX user may execute spot swaps and trade perpetual futures with up to 50x leverage, just as on a centralized exchange. Unlike a centralized exchange, they preserve custody of their assets by using a cryptocurrency wallet.

The GMX token serves as both a utility and a governance token, and token holders may utilize it to vote on ideas that will help shape the exchange’s future.

Token holders who stake their GMX receive three additional prizes that the system employs to reward users. To begin, GMX stakeholders receive 30% of all acquired protocol fees. These costs are paid in ETH or AVAX and are collected via market making, swap fees, and leverage trading.

The stakers also receive escrowed GMX (esGMX) tokens. These esGMX tokens can be staked or invested in exchange for rewards, and the tokens are converted back into GMX over 12 months when a user stakes GMX. esGMX emissions are a type of locked staking that stops users from selling their GMX right away.

Last but not least, stakers accumulate Multiplier Points that increase their yield and reward long-term investors without causing token inflation. These two incentives encourage loyalty to GMX and advance decentralized platform ownership.

Through a straightforward swap interface that resembles conventional trading platforms, GMX enables traders to open leveraged positions. Additionally, because GMX is self-custodial and trustless, anybody may trade cryptocurrencies directly from their private wallet.

Its dual exchange model supports both spot swaps and leveraged trading of perpetual swaps. Due to the high asset utilization of the GLP pool, which enables user deposits to create additional yield instead of sitting dormant, this should increase capital efficiency.

On GMX, trading positions may be entered and exited without affecting prices. With this approach, traders can obtain better entry prices than on some order book-based exchanges with slippage. In addition, GMX smooths out price variations using a combination of Chainlink Oracles and other price feeds, which helps protect holdings against wicks that cause brief liquidation of positions.

Analyst’s View on GMX

A crypto analyst on Twitter tweeted that GMX is one of the mid-cap coins investors might want to invest in. He even mentioned that 30% of the investment portfolio could be invested in GMX. 

https://twitter.com/CryptoKaduna/status/1602061876094976001?s=20&t=xoQgiv9GFB_hMAgtuixssQ

Moreover, a crypto investor with over 350K followers on Twitter, Lady of Crypto, tweeted that she is now making a lot of money by investing in GMX although every mainstream coin is crashing at the moment. We can observe that she is a strong believer in GMX.

Congrats to $GMX @GMX_IO for breaking ATH. My bags making bull market style highs in a bear market 🚀 Hope you got in team 💪

— Lady of Crypto (@LadyofCrypto1) December 11, 2022

Another tweet from the founder of Altcryptotalk trading community states that if investors are holding GMX right now and after holding GMX for two years, there may be a possibility that they might become a billionaire. 

So.$GMX, $QNT, $BNB, $AVAX and $ETH.

Buy those now, hold for 2 years, become a millionaire.

That's the tweet.#ACGTG

— Sjuul | AltCryptoGems (@AltCryptoGems) December 7, 2022

GMX Current Market Status

With 8,790,974.38 GMX in circulation, GMX is trading at $47.59 at the time of writing, based on CoinMarketCap. GMX has a 24-hour trading volume of $23,700,617. Moreover, the price of GMX increased by 8.36% during the previous 24 hours.
Binance, Kucoin, Krakenl, OKX, Gate.io, and Bybit are currently the most popular cryptocurrency exchanges for GMX trading.

GMX Price Analysis 2023

Currently, GMX ranks 81 on CoinMarketCap. Will GMX’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? First, let’s focus on the charts in this article’s GMX price forecast.

GMX Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

GMX’s candlesticks have touched the lower band, indicating that the altcoin entered the oversold territory. However, after touching the band, green candlesticks have recently formed indicating that it may soon climb upwards. Moreover, the upward movement can be confirmed as there is a signal that a trend reversal could happen as the bands continue to expand. The Bollinger Band Width also confirms this hypothesis that the GMX’s market may experience high volatility as it continues to move upwards.

GMX Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

The RSI is currently valued at 39.67 and is still considered a weak trend by most traders as it is valued between 50 and 30. However, the RSI indicator also confirms that GMX may show a positive sentiment as the RSI crossed above the SMA, which could be considered a bullish trend. Moreover, the RSI continues to be pointed upwards and there is a high possibility that it may reach a strong trend valued between 50 and 70 during GMX’s bullish trend.

GMX Price Analysis – Moving Average (MA)

The candlesticks are below the 200MA and the 50MA, indicating that GMX is witnessing a downtrend. The 4-Hour GMX/USD also shows that the newly-formed candles moved upwards and entered the consolidation area indicating that there may be an uptrend in the future. However, traders need to be careful in the consolidation area as previous price actions suggest that GMX fell after a slight uptrend into the consolidation area.

GMX Price Analysis – Moving Average Convergence Divergence (MA)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

Although the candlestick was facing a gradual decline over the past few days, the MACD indicator shows that there a positive momentum may happen soon for GMX. The MACD line met the signal line at the crossroad indicating that a bullish crossover may take place soon. The bullish crossover would act as a signal that GMX may experience an uptrend in the short term period. If the bullish crossover takes place and the GMX uptrend starts, then, the candlesticks could escape from the Support region.

GMX Price Prediction 2023-2030 Overview

Year	Minimum Price	Average Price	Maximum Price
2023	$43.695	$67.520	$80.750
2024	$78.089	$84.820	$92.720
2025	$93.259	$102.860	$107.890
2026	$108.892	$118.499	$123.535
2027	$124.968	$134.575	$139.611
2028	$143.259	$152.866	$157.902
2029	$161.869	$171.476	$176.512
2030	$180.309	$189.916	$194.952
2040	$195	$250	$310
2050	$476	$530	$580

GMX Price Prediction 2023

GMX is currently trading between the Weak Resistance and the Support region. The candlesticks deflected from the Support region after facing a gradual fall over time. Moreover, the MACD line may form a bullish crossover if it crosses above the signal line. After forming new green candlesticks, GMX is experiencing a very strong strength in its trend as the ADX is valued at 39.24. Traders should wait for the confirmation before entering the trade such as the bullish crossover and the ADX’s continuous confirmation of trend strength.

Meanwhile, the price prediction of GMX for 2023 remains to be bullish and is expected to reach beyond the level of $67.7823 The bearish price prediction range for GMX is between $37.812 to $39.760. However, if GMX experiences extreme bullish sentiment, then it would reach the $90 level.

Bullish Price Prediction	Bearish Price Prediction
$67.7823 – 72.758	$37.812 – $39.760

GMX Price Prediction 2023 – Resistance and Support Levels

The candlesticks recently bounced away from the Support level after facing a downfall. If GMX experiences a bullish period, it has the potential to reach its extreme bullish area at the $67 level. GMX has the potential to reach resistance level 2 at the $90 level if it continues to experience an extremely bullish period. Moreover, when GMX passes through each Resistance, each level could become a new Support level.

Month	Minimum Price	Average Price	Maximum Price
July 2023	43.695	55.720	63.743
August 2023	54.469	67.520	72.541
September 2023	69.099	70.120	76.180
October 2023	72.897	74.920	77.943
November 2023	74.875	75.900	79.921
December 2023	75.570	76.690	80.750

GMX Price Prediction 2024 

GMX (GMX) price can rise to incredible heights, peaking at $92.66. It is feasible only if the market continues its upward path and GMX breaks through the past psychological resistance levels.

Month	Minimum Price	Average Price	Maximum Price
January 2024	78.089	78.110	78.133
February 2024	79.927	79.940	79.969
March 2024	81.765	81.790	81.850
April 2024	83.498	83.510	83.533
May 2024	84.799	84.820	84.841
June 2024	85.697	85.720	85.780
July 2024	87.665	87.690	87.713
August 2024	88.439	88.490	88.511
September 2024	90.069	90.090	90.150
October 2024	90.867	90.890	90.913
November 2024	91.845	91.870	91.891
December 2024	92.540	92.660	92.720

GMX Price Prediction 2025

GMX prices might grow to $107.830 during the next three years. This is only feasible if the market continues its upward path and if GMX breaks through the past psychological resistance levels.

Month	Minimum Price	Average Price	Maximum Price
January 2025	93.259	93.280	93.303
February 2025	95.097	95.110	95.139
March 2025	96.935	96.960	97.020
April 2025	98.668	98.680	98.703
May 2025	99.969	99.990	100.011
June 2025	100.867	100.890	100.950
July 2025	102.835	102.860	102.883
August 2025	103.609	103.660	103.681
September 2025	105.239	105.260	105.320
October 2025	106.037	106.060	106.083
November 2025	107.015	107.040	107.061
December 2025	107.710	107.830	107.890

GMX Price Prediction 2026

GMX prices might grow to $123.475 during the next four years. The growth will continue after that moderate, but no significant drops are forecast. 

Month	Minimum Price	Average Price	Maximum Price
January 2026	108.892	108.913	108.936
February 2026	110.736	110.749	110.778
March 2026	112.574	112.599	112.659
April 2026	114.307	114.319	114.342
May 2026	115.608	115.629	115.650
June 2026	116.506	116.529	116.589
July 2026	118.474	118.499	118.522
August 2026	119.248	119.299	119.320
September 2026	120.878	120.899	120.959
October 2026	121.676	121.699	121.722
November 2026	122.658	122.683	122.704
December 2026	123.355	123.475	123.535

GMX Price Prediction 2027

Investors expect a bullish run in 2027 due to the halving of Bitcoin. GMX prices might soar to $139.551 in the next five years. Furthermore, hitting this level may be easy for GMX as other mediums, such as short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Month	Minimum Price	Average Price	Maximum Price
January 2027	124.968	124.989	125.012
February 2027	126.812	126.825	126.854
March 2027	128.650	128.675	128.735
April 2027	130.383	130.395	130.418
May 2027	131.684	131.705	131.726
June 2027	132.582	132.605	132.665
July 2027	134.550	134.575	134.598
August 2027	135.324	135.375	135.396
September 2027	136.954	136.975	137.035
October 2027	137.752	137.775	137.798
November 2027	138.734	138.759	138.780
December 2027	139.431	139.551	139.611

GMX Price Prediction 2028

In 2028, Bitcoin halving will occur. Hence, the consolidating market in 2027 could be followed by a bullish run. Notably, the market could attain higher values. In the next five years, GMX prices could rise to $158. According to the forecast, GMX has a strong chance of reaching the previous ATH.

Month	Minimum Price	Average Price	Maximum Price
January 2028	143.259	143.280	143.303
February 2028	145.103	145.116	145.145
March 2028	146.941	146.966	147.026
April 2028	148.674	148.686	148.709
May 2028	149.975	149.996	150.017
June 2028	150.873	150.896	150.956
July 2028	152.841	152.866	152.889
August 2028	153.615	153.666	153.687
September 2028	155.245	155.266	155.326
October 2028	156.043	156.066	156.089
November 2028	157.025	157.050	157.071
December 2028	157.722	157.842	157.902

GMX Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. In the next six years, GMX prices could rise to $176.45. According to the forecast, GMX has a strong chance of reaching the previous ATH.

Month	Minimum Price	Average Price	Maximum Price
January 2029	161.869	161.890	161.913
February 2029	163.713	163.726	163.755
March 2029	165.551	165.576	165.636
April 2029	167.284	167.296	167.319
May 2029	168.585	168.606	168.627
June 2029	169.483	169.506	169.566
July 2029	171.451	171.476	171.499
August 2029	172.225	172.276	172.297
September 2029	173.855	173.876	173.936
October 2029	174.653	174.676	174.699
November 2029	175.635	175.660	175.681
December 2029	176.332	176.452	176.512

GMX Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets.  In 2030, GMX prices could rise to $195. 

Month	Minimum Price	Average Price	Maximum Price
January 2030	180.309	180.330	180.353
February 2030	182.153	182.166	182.195
March 2030	183.991	184.016	184.076
April 2030	185.724	185.736	185.759
May 2030	187.025	187.046	187.067
June 2030	187.923	187.946	188.006
July 2030	189.891	189.916	189.939
August 2030	190.665	190.716	190.737
September 2030	192.295	192.316	192.376
October 2030	193.093	193.116	193.139
November 2030	194.075	194.100	194.121
December 2030	194.772	194.892	194.952

GMX Price Prediction 2040

According to our long-term GMX price estimate, GMX prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $250 by 2040. If the market turns bullish, the price of GMX could go up beyond what we predicted for 2040.

Minimum Price	Average Price	Maximum Price
$195	$250	$310

GMX Price Prediction 2050

According to our GMX forecast, the average price of GMX in 2050 might be above $530. If more investors are drawn to GMX between these years, the price of GMX in 2050 could be far higher than our projection.

Minimum Price	Average Price	Maximum Price
$476	$530	$580

Conclusion

To summarize, if investors continue to show interest in GMX and add these tokens to their portfolio, then, it could continue to rise up. GMX’s bullish price prediction shows that it could pass beyond the $67.7823 level in 2023. Moreover, GMX could surpass the $580 level by the end of 2050. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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