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

• Bullish GMX (GMX) price prediction ranges from $55 to $79.
• Analysis suggests that the GMX price might reach $100 soon.
• GMX’s bearish market price prediction for 2023 is $42.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Ripple’s GMX is one of them. 

GMX is a decentralized spot and perpetual exchange that allows you to trade popular cryptocurrencies with up to 30x leverage right from your wallet and offers cheap swap fees and trades with no price effect.

If you are interested in the future of GMX and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

GMX (GMX) Overview

Coin Name	GMX
Symbol	GMX
Rank	#72
Price (USD)	$58.99
Market Cap	$471,260,451
All Time High	$217.32
All Time Low	No Data
Circulating Supply	7,990,696 GMX
Total Supply	8,648,200 GMX

What is GMX (GMX)?

GMX is a decentralized spot and perpetual exchange that allows users to trade Bitcoin, Ethereum, 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. 

A friend asked me what mid caps to buy with $1000.

I gave him this real yield portfolio:$GMX $GNS $rDPX $LOOKS #X2Y2 $USDC to deploy if $BTC crashes. pic.twitter.com/yDzLMxcBu2

— Kaduna (💙,🧡) impostors don't have 50k followers (@CryptoKaduna) December 11, 2022

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 7,990,696 GMX in circulation, GMX (GMX) is trading at $59.20 at the time of writing. GMX has a 24-hour trading volume of $31,887,165; during the previous 24 hours, the price of GMX increased by 5.67%.

Binance, Kucoin, Huobi Global, Gate.io, and Bybit are currently the most popular cryptocurrency exchanges for GMX (GMX) trading. Let’s continue with our GMX price research for 2023.

GMX Price Analysis 2023

Currently, GMX ranks 72nd 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 – Keltner Channel

When volatility bands are positioned on either side of an asset’s price, the price of GMX (GMX) can be predicted using the Keltner Channel indications for GMX/USDT. It may continue rising since the candles tend to trade in the first half of the channel. If the daily candles stay inside the first half of the channel, we can expect to see GMX at a higher level. 

GMX Price Analysis – Relative Strength Index

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 4-hour chart is 70.73. A movement above 50 indicates that more traders are buying GMX rather than selling, driving the price up. However, the RSI value of 70 shows that GMX is super close to the overbought region. Therefore, we expect the price to have a few corrections before the actual bull market happens. Investors should wait for a few confirmations of retracements before entering the trade to lower the potential risks.

GMX Price Analysis – Moving Average

Above is a 4 hour chart of GMX’s 200-day and 50-day Moving Averages (MAs). GMX is now trading above both 50MA and 200MA, meaning that the market is entirely bullish. However, the distance between the two moving averages is getting wide, meaning it is advisable to wait for a few reversal candles to enter your long trades for a better risk-to-reward ratio.

GMX Price Prediction 2023

By looking at the daily chart of GMX/USDT, GMX is going sideways inside its bearish rising wedge after breaking its resistance level which is now acting as a support 1. If GMX follows the nature of a bearish rising wedge, we can expect GMX to have a pullback to its support level at $51.56. However, if it doesn’t respect the pattern, it is possible that GMX can reach closer to its resistance, around $66.29.

Meanwhile, our long-term GMX price prediction for 2023 is bullish since it cannot break the support level. We can expect GMX to reach $76.690 this year. 

Month	Minimum Price	Average Price	Maximum Price
January 2023	62.119	62.140	62.163
February 2023	63.957	63.970	63.999
March 2023	65.795	65.820	65.880
April 2023	67.528	67.540	67.563
May 2023	68.829	68.850	68.871
June 2023	69.727	69.750	69.810
July 2023	71.695	71.720	71.743
August 2023	72.469	72.520	72.541
September 2023	74.099	74.120	74.180
October 2023	74.897	74.920	74.943
November 2023	75.875	75.900	75.921
December 2023	76.570	76.690	76.750

GMX Price Prediction – Resistance and Support Levels 

This chart below shows that the price of GMX has decreased in the past few months. Moreover, the price of GMX has been up by 1.22% in the past 24 hours after a significant pump during the week. If this continues, GMX might keep running bulls, breaking its minor resistance at $0.4700, and eventually moving higher to the $0.5500 resistance levels—the bullish signal for 2023.

If GMX cannot break the $0.4700 resistance level, the bears may seize control and dethrone GMX to a downtrend stance. In simple terms, the price of GMX might fall to almost $0.3146, indicating a negative signal given by the previous support level.

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

As mentioned, it may reach above $3 if investors have decided that GMX is a good investment along with mainstream cryptocurrencies.   

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.