The NFT boom of 2021 inspired many projects to create specific solutions for those unique assets. Immutable X offers convenient solutions for companies, creators, and independent developers and aims to overcome the issues of Ethereum. This makes many analysts believe in the bright future of the IMX token. Read our Immutable X price prediction to find out more.
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Immutable X Price Prediction: Should You Invest in IMX?
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Table of Contents
Immutable X Fundamental Analysis
Project name
Immutable X
Stock Symbol
IMX
Current Price
0.5667944585265778
Current Supply
2000000000
Official Website
Immutable X positions itself as the first layer-two scaling solution for NFT on Ethereum. It is an open decentralized ecosystem allowing users to trade non-fungibles with zero gas fees and without risking account or asset security. Immutable X also offers improved scalability - the network’s capacity is over 9000 TPS. The users can also mint carbon-neutral NFTs on the platform. The project’s goal is to create a world-class experience for both users and developers.
To overcome the limitations of Ethereum (high gas fees, low scalability, poor user experience, slow developer experience, and liquidity) the platform uses STARK zk-rollup technology, which according to Vitalik Buterin is “all-in-on” of Ethereum. Immutable X is one of few layer-2 platforms that utilize zk-rollups and focus exclusively on digital collectibles.
Protocol liquidity supported by the project allows building NFT marketplaces on the platform without a back-end, and thus, the third-party marketplace can co-exist with the native marketplace of Immutable X. Moreover, the project plans to lower the barrier for the creators of NFTs and individual developers.
This technology allows easy creation and massive distribution of ERC-20 and ERC-721 assets. There are several projects already building on Immutable X, for example, Gods Unchained.
The key component of the offered service is the API abstraction layer. REST APIs allow making any interaction with NFT as easy as a call on Immutable X. This is supposed to attract new partners from the gaming and content industries.
Another advantage of the platform is that users can connect their wallets without switching the network as the protocol has a specific intermediate “Link” layer. It allows Immutable X to support third-party marketplace ecosystems without any security problems.
IMX is the platform’s native ERC-20 token, launched on November 5. The coin is used for governance, fees within the ecosystem, and staking. Users can stake the tokens to receive a share from 20% protocol fees. It has a total supply of 2 billion with 188 million tokens currently in circulation.
Immutable X Live Price Chart
The IMX token price was increasing for the first few days after the launch and reached $5.58, but then went down to $3.1-3.3. After 3 days of the downtrend, the asset started to recover and hit $6.8 on November 12. It was followed by the price correcting, making IMX price bounce between $5.2 and $6.1.
From mid-November, the token went up again, pushed by the overall bullish trend on the crypto market. It achieved its all-time high of $9.1 on November 25, sustained the same level till the beginning of December, and then started to slide down.
From December 10 the price has stabilized, and the asset was traded between $5.1 and $4.5 till the end of the month. Then the price started to decline again until it reached $3.4 on January 8. During the last week, the token was stable, trading around $3.5. On January 16 the price went up to $4.2 and went for correction.
As the asset is still new for the crypto market it’s complicated to predict its future, that’s why most of the Immutable X token price predictions are contradictory. Many analysts expect the token price to increase with time and gain over 500% in a 5 year period. At the same time, some of the crypto experts believe that in 1 year the token might drop from $4 to $0.4.
How the IMX price will behave strongly depends on new announcements from the development team, the tendencies of the crypto market in general, its legal position, etc.
Immutable X Technical Analysis
Despite the fact that 100% accurate technical analysis for Immutable X cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated IMX buy-and-sell rating for selected timeframe. The summary for IMX/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Immutable X Price Prediction
Below we have collected the most reliable price projections for Immutable X (IMX) from popular forecast platforms.
Immutable X Price Prediction for 2023
As for Immutable X price predictions for 2023, there are divergent opinions. WalletInvestor expects an upturn towards $0.572, and PricePrediction.net echoes with ~$0.912539 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about Immutable X’s future price, citing numbers downwards of $0 in December.
Potential ROI:
-13%
Sell
Immutable X Price Prediction for 2024
In their Immutable X price predictions for 2024, WalletInvestor forecasts the coin’s price to go down to $0.0955 by December. Forecasting Immutable X future, TradingBeast expects further decrease of its price, too, saying the Immutable X price will reach ~$0 by that time. On the contrary, PricePrediction.net keeps predicting Immutable X price growth, quoting prices around ~$1.082577 in 2024.
Potential ROI:
-31%
Sell
Immutable X Price Prediction for 2025
Immutable X price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0–$0.0577 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.918207 in December 2025.
Potential ROI:
-43%
Sell
Immutable X Price Prediction for 2026
Both PricePrediction.net and TradingBeast doubt that the Immutable X market will grow in 2026, predicting the price drop to $0.255058 and $0 by the end of the year respectively. Other Immutable X price forecasts support the idea: WalletInvestor forecasts Immutable X to fall down to $0.0388 by December 2026.
Potential ROI:
-83%
Sell
Immutable X Price Prediction for 2030
Speaking of long-term Immutable X price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Immutable X price won’t grow further and, opposedly, will decline to $0.076824. TradingBeast’s price prediction for Immutable X echoes with the projection of a downtrend to $0. Despite this, PricePrediction.net’s vision remains positive, promising growth up to $0.600802.
Potential ROI:
-60%
Sell
Summary
As it can be clear from the analysis cited above, Immutable X (IMX) projections are rather contradictory. There is no universal consensus either about positive or negative future IMX price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Immutable X projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
