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What Is the Immutable X Price Prediction Today
AT A GLANCE
- In 2024, Immutable X price is expected to reach $4.019, according to some experts
- 2025 promises to be turbulent, with prices ranging from $0.7020491005835241 to $6.968, with WalletInvestor predicting a breakthrough leading to a price rise to $6.968
- By 2030, IMX price can hit $4.019
Immutable X Fundamental Analysis
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
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Immutable X Price Prediction
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