GMX Token Keeps Rising As Crypto Market Sees Correction

Jammy Hunts
Jammy Hunts

16 Mar 2023 12:30 PM

But despite the pullback, the GMX token continued to soar, with over an 14% price increase over the past 24 hours....

  • The cryptocurrency market declined globally, but GMX token continued to soar with a 14% price increase over the past 24 hours.
  • GMX shows parallel price gains, with a 22.27% 7-day price surge and a 22.07% increase over the past 30 days.
  • GMX network’s weekly rewards distribution might be among the factors pushing its price.
  • GMX has rolled out over $7.6 million in AVAX, ARB, and GMX-ETH as user rewards.
  • Users only have to buy and stake GMX against GLP to qualify for the incentives.
  • GMX token has not only gained price, but its trading volume also increased, suggesting more network activity.
  • GMX has recorded a 126.57% rise in trading volumes over the past 24 hours.
  • Historical data shows that the token closed in 2022 at $41.57, suggesting that it has doubled in price.
  • GMX is trading at $82.12, with a high of $82.51 and a low of $69.68.

The article has a positive sentiment towards GMX token, as it highlights its price increase, parallel price gains, and increased trading volume. The article also suggests that the GMX network’s weekly rewards distribution might be among the factors pushing its price, which is a positive factor for the token.

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Related Questions

What is the current trading price of GMX token?
What is the percentage increase in GMX's trading volume over the past 24 hours?
How can users qualify for the incentives offered by GMX network's weekly rewards distribution?
What is the historical price of GMX token and how has it performed in 2022?
What is the sentiment of the article towards GMX token?

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