Here is a detailed analysis report on GMX: Daily Coin Q&A (Commentary analyzing other coins)
Project Basic Information
Description: GMX is a decentralized spot and perpetual contract exchange that supports low slippage rates and zero price movement trading. The exchange supports a unique multi-asset pool that earns fees for liquidity providers through market making, swap fees, leveraged trading (spreads, fees, and liquidations), and asset rebalancing.
Website: GMX Official Website
White Paper: No clear white paper link provided
Twitter Account: GMX_IO
Total Market Cap: $317,847,939
Circulating Market Cap: Same as Total Market Cap
Total Supply: 13,250,000 GMX
Circulating Supply: 9,841,553 GMX
All-Time High Price: $91.07
All-Time Low Price: $11.53
Issue Price: No information provided
Return on Investment (ROI): No clear data provided
Community Data
Twitter Followers: 226,973
Telegram Channel Members: 10,340
Market Performance
Current Price: $32.23
24-Hour Trading Volume: $27,211,136
24-Hour Price Change: +0.53%
7-Day Price Change: +14.28%
Major Events
1. [Q4 2023] GMX Launches on Binance
2. [Q3 2023] GMX Integrates with On-Chain Data Provider Chainlink Oracle
3. [Q2 2023] Support Avalanche Network Trading
4. [Q1 2023] Release of Decentralized Governance Proposal
5. [Q4 2022] Reached 5 Million GMX Circulation Milestone
6. [Q3 2022] Launch of Innovative Multi-Asset Variable Fee Pool
7. [Q2 2022] Decentralized Community Forum Launch
8. [Q1 2022] GMX Token Officially Issued
Project News
1. News Title: Trader Predicts Breakout Rally for Under-the-Radar Altcoin, Says Cardano (ADA) Uptrend Looks Healthy
News Source: The Daily Hodl
2. News Title: Fantom (FTM) Secret Weapon: Could This Project Be The Next Big Thing In Crypto?
News Source: NewsBTC
3. News Title: Top Performing Traders Positioning Themselves Long on Bitcoin (BTC) and Ethereum (ETH): On-Chain Data
News Source: The Daily Hodl
4. News Title: DeFi User Loses $3.4 Million of GMX Tokens in Phishing Attack
News Source: The Block
5. News Title: What Crypto Winter? GMX Soars 34% on Binance Listing
News Source: CryptoBriefing
Macroeconomic Factors Analysis
The price of GMX may be influenced by the following macroeconomic factors:
The Federal Reserve's interest rate policies may affect overall liquidity in the crypto market.
The global demand for decentralized finance (DeFi) may enhance GMX usage and token prices.
Changes in the regulatory environment, especially in major markets like the US and Europe, will affect investor confidence.
Future Trend Prediction
Period Price Prediction
Short-term (1 week) $34.42
Mid-term (3 months) $39.85
Long-term (1 year) $99.92
Investment Advice
Short-term: Under current market conditions, short-term traders can closely watch for signs of price rebounds and buy when prices break key technical levels.
Mid-term: It is recommended for investors to buy near the lows and take profits when prices approach target price levels.
Long-term: For long-term investors, consider adding GMX to the portfolio and using market volatility for partial rebalancing operations#GMXUSDT
