GMX is the 93rd largest cryptocurrency by market cap, commanding a $ 348.00M capitalization. Since it first started trading in 2021, the price of GMX, the native cryptocurrency of the GMX network, increased by 163%.
In this article, we are going to examine GMX price predictions for 2023, 2024, 2025, and 2030 and try to determine whether GMX can reach $ 100.00.
GMX price prediction key takeaways
GMX price prediction 2023
According to our GMX price prediction for 2023, GMX is expected to trade between $ 34.60 and $ 47.27, with an average price of $ 40.86. At the end of the year, GMX is expected to trade at $ 45.74.
GMX price prediction 2024
GMX is forecasted to reach a high of $ 65.37 next year, with an average GMX price of $ 48.43. On the low end, GMX is expected to bottom out at $ 34.60 in 2024. By the end of the year, we could see GMX change hands at $ 58.50.
GMX price prediction 2025
In 2025, GMX could see a peak price of $ 178.98 and a low of $ 59.05. The average GMX price prediction for 2025 is $ 113.89. By year’s end, GMX is expected to trade at $ 89.66.
GMX price prediction 2030
On a longer time scale, our GMX price forecast for 2030 projects GMX to reach a maximum price of $ 174.17. Conversely, GMX could trade as low as $ 137.60 during the year, whereas the average GMX price is predicted to move around $ 152.32. By the end of 2030, GMX is predicted to trade at $ 173.73.
GMX (GMX) overview
| Cryptocurrency | GMX |
|---|---|
| Ticker | GMX |
| Market Cap | $ 348.00M |
| 24H Trading Volume | $ 21.02M |
| Circulating Supply | 8.98M |
| Total Supply | 8.65M |
| 7-Day Price Change | 7.09% |
| 1-Month Price Change | -31.24% |
| 1-Year Change | -6.39% |
| GMX ROI | 163% |
| All-Time High | $ 91.16 |
| All-Time Low | $ 11.61 |
With a circulating supply of 8.98M GMX, the GMX cryptocurrency project commands a market cap of $ 348.00M, good for the 93rd spot in the crypto market.
In the last 24 hours, $ 21.02M worth of GMX changed hands across 31 crypto exchanges, with Binance accounting for the largest share of GMX trading volume.
GMX price history
The price of GMX has been trending in the positive direction in the past 24 hours, increasing by 5.2% to $ 38.74. In the past week, GMX’s price gained 7.09%.
In addition, GMX lost -31.24% in the past month, having traded in the green zone in 12 of the last 30 days.
On a longer time horizon, Cardano saw negative price activity in the last 3 months, underscored by the -31.24% move to the bottom. Meanwhile, the price of GMX decreased by -6.39% in the past year. Overall, GMX is trading up 163% since it first started trading in 2021.
GMX technical analysis
Based on technical indicators tracked by InvestMage, investor sentiment regarding GMX is currently bearish, with very high volatility score of 15.28% (volatility is a measure of an asset’s price fluctuations).
GMX is changing hands above the 200-day simple moving average (SMA), a common bearish signal. Also, the price of GMX is currently above the 50-day SMA, which is widely regarded as a bearish indicator.
The Fear & Greed Index, a popular measure of market sentiment, is 39 (Fear). Meanwhile, RSI (Relative Strength Index), a popular market momentum indicator, is at 30.39, indicating that GMX is changing hands in undervalued zone. Overall, there are 12 technical analysis indicators that indicate bullish market activity, and 17 that forecast bearish activity for GMX.
GMX price predictions 2023-2030
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $ 34.60 | $ 40.86 | $ 47.27 |
| 2024 | $ 34.60 | $ 48.43 | $ 65.37 |
| 2025 | $ 59.05 | $ 113.89 | $ 178.98 |
| 2026 | $ 62.61 | $ 73.57 | $ 91.78 |
| 2027 | $ 64.81 | $ 88.59 | $ 133.72 |
| 2028 | $ 119.74 | $ 123.14 | $ 135.26 |
| 2029 | $ 129.20 | $ 167.84 | $ 243.52 |
| 2030 | $ 137.60 | $ 152.32 | $ 174.17 |
According to our long-term GMX prediction, the cryptocurrency is expected to reach a high point of $ 243.52 at some point in February 2029. On the other end of the spectrum, GMX could bottom out at $ 34.60 in October 2023. Per the prediction, GMX will have the highest average price of $ 167.84 in 2029.
With a brief overview of GMX price predictions for 2023 to 2030 in the rearview mirror, let’s dive deeper into separate yearly price predictions for GMX.
GMX price prediction 2023
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| September | $ 34.94 | $ 38.80 | $ 43.99 |
| October | $ 34.60 | $ 39.83 | $ 43.31 |
| November | $ 38.44 | $ 41.10 | $ 45.70 |
| December | $ 39.01 | $ 43.76 | $ 47.27 |
This year, GMX is expected to trade in a price range between $ 34.60 and $ 47.27, with the average price of $ 40.86 per GMX coin. The price of GMX is expected to increase by 18.08% by the end of the year.
GMX price prediction 2024
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| September | $ 34.94 | $ 38.77 | $ 43.99 |
| October | $ 34.60 | $ 39.85 | $ 43.31 |
| November | $ 38.44 | $ 40.98 | $ 45.70 |
| December | $ 39.01 | $ 43.75 | $ 47.27 |
| January | $ 43.19 | $ 50.97 | $ 65.37 |
| January | $ 44.02 | $ 52.55 | $ 58.94 |
| March | $ 46.42 | $ 52.99 | $ 60.06 |
| April | $ 43.05 | $ 49.06 | $ 55.98 |
| May | $ 42.64 | $ 49.53 | $ 53.53 |
| June | $ 45.68 | $ 52.82 | $ 58.16 |
| July | $ 49.06 | $ 53.56 | $ 59.29 |
| August | $ 49.13 | $ 56.37 | $ 63.37 |
In 2024, GMX is forecasted to trade in a price channel between $ 34.60 and $ 65.37. On average, GMX is expected to change hands at $ 48.43 during the year. The most bullish month per GMX could be January, when the currency could trade 68.75% higher than today.
GMX price prediction 2025
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| September | $ 59.05 | $ 81.72 | $ 122.82 |
| October | $ 112.46 | $ 150.04 | $ 178.98 |
| November | $ 116.06 | $ 137.18 | $ 157.38 |
| December | $ 120.42 | $ 139.17 | $ 148.33 |
| January | $ 101.68 | $ 114.97 | $ 122.70 |
| February | $ 92.51 | $ 106.26 | $ 118.41 |
| March | $ 89.15 | $ 95.86 | $ 102.22 |
| April | $ 92.14 | $ 100.26 | $ 118.44 |
| May | $ 110.28 | $ 115.63 | $ 120.87 |
| June | $ 113.43 | $ 116.93 | $ 119.99 |
| July | $ 97.37 | $ 107.99 | $ 113.21 |
| August | $ 89.66 | $ 98.79 | $ 102.70 |
Generally speaking, GMX price prediction for 2025 is bullish. The GMX cryptocurrency is forecasted to hit a high point of $ 178.98 in October and reach a low of $ 59.05 in September. Overall, GMX is expected to trade at an average price of $ 113.89 in 2025.
GMX price prediction 2030
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| September | $ 155.63 | $ 158.60 | $ 160.63 |
| October | $ 157.38 | $ 164.28 | $ 170.46 |
| November | $ 156.89 | $ 160.22 | $ 164.55 |
| December | $ 157.86 | $ 159.25 | $ 160.53 |
| January | $ 157.71 | $ 158.65 | $ 159.94 |
| February | $ 141.62 | $ 149.16 | $ 159.09 |
| March | $ 137.60 | $ 140.42 | $ 143.09 |
| April | $ 138.89 | $ 140.45 | $ 142.86 |
| May | $ 138.63 | $ 140.48 | $ 142.59 |
| June | $ 141.14 | $ 142.36 | $ 143.72 |
| July | $ 143.99 | $ 150.41 | $ 152.92 |
| August | $ 151.42 | $ 163.34 | $ 174.17 |
In the long term, GMX could reach a price of $ 174.17 in August. That’s a rather optimistic scenario, as GMX could trade as low as $ 137.60 in March. Overall, GMX’s price is projected to hover at around $ 152.32 in 2030, about 293.21% above the current price of $ 38.74.
GMX price prediction FAQs
According to InvestMage’s prediction, GMX could gain as much as 528.65% by 2029, making it a potentially good investment. Keep in mind that the prediction is not set in stone and we could easily see GMX either surpass or not reach the price targets outlined in this article.
GMX would need to gain 258.15% to reach $ 100.00. According to our prediction, GMX could hit $ 100.00 in September 2024.
In 2023, GMX is predicted to trade in a price range between $ 47.27 and $ 34.60, with the average price being $ 40.86. The average price is about 5.48% higher than GMX’s current price.
GMX is projected to trade in a price range between $ 65.37 and $ 34.60, with the average price of $ 48.43 throughout the year. The price of GMX is expected to increase by 25.03% in 2024 (compared to GMX’s current price).
GMX is forecasted to change hands in a price channel bound by $ 178.98 on the high end and $ 59.05 on the low end. GMX is expected to have an average price of $ 48.43 in 2025, which is about 194% higher than GMX’s current price of $ 38.74.
The GMX price algorithm predicts that GMX will move between $ 174.17 and $ 137.60 in 2030, with the average price being $ 152.32, about 293.21% higher compared to GMX’s current price.
According to the InvestMage predictions, GMX is expected to go up in value by 25.03% by next year. In 2024, the GMX cryptocurrency could trade up 194% compared to today. By 2030, GMX’s price is expected to increase by 293.21%, and reach $ 152.32.
The price of GMX is algorithmically predicted using historical market price data for GMX and a combination of technical indicators, including RSI, Stoch RSI, SMA50, SMA200, EMA, and several others.
About the Author: Dave N. Clarke
