ImmutableX Price Prediction 2024, 2025, 2030: Is IMX A Good Investment?

The post ImmutableX Price Prediction 2024, 2025, 2030: Is IMX A Good Investment? appeared first on Coinpedia Fintech News

Story Highlights

• The live price of the IMX token is  $ 2.10355034
• ImmutableX price could surge to a maximum of $4.82 by the end of 2024.
• With a potential surge, the IMX price could go as high as $19.55 by the end of 2030.

A plethora of virtual currencies and protocols can be found in the ever-changing crypto space. Immutable X  is one such ecosystem that has successfully established its position as the market leader. Immutable X was developed as a layer 2 scalability solution for Eth and NFTs. It is recognized for being one of the earliest scaling alternatives for non-fungible tokens, that are largely based on Ethereum.

ImmutableX, as a cryptocurrency, strives to address the majority of Ethereum’s shortcomings that hinder the usage of NFTs. It works on combating limited throughput, low liquidity, complicated user interface, and slow consumer experience. 

Are you keen on investing in IMX? Look no further, as we bring to you the most reasonable Immutable X price prediction for 2024 and years to come!

Table of contents

• Overview
• ImmutableX Price Prediction May 2024
• IMX Price Prediction 2024
• ImmutableX Price Prediction 2024 – 2030
• IMX Price Prediction 2025
• ImmutableX (IMX) Price Prediction 2026
• IMX Price Prediction 2027
• ImmutableX Price Prediction 2028
• IMX Price Prediction 2029
• ImmutableX Price Prediction 2030
• What Does The Market Say?
• CoinPedia’s ImmutableX Token (IMX) Prediction
• Fundamental Analysis
• What Is ImmutableX?
• IMX’s Historical Price Sentiment 2021 – 2023
• FAQs

Overview

Cryptocurrency	Immutable
Token	IMX
Price	$ 2.10355034 8.66%
Market cap	$ 3,064,484,220.2538
Circulating Supply	1,456,815,249.3898
Trading Volume	$ 63,233,376.7006
All-time high	$9.50 on 26th November 2021
All-time low	No Data
24 High	$ 2.1237
24 Low	$ 1.8910

*The statistics are from press time. 

ImmutableX Price Prediction May 2024

The ImmutableX price has displayed a significant price action during the first two months of the year, indicating increased price sentiment for this altcoin in the market. However, following the market correction, the IMX price has leveled all its gains, resulting in it trading with a YTD return of -1.47%.

Positively, the IMX price has added approximately 8% within the past 24 hours and 1.10% over the past seven days, highlighting a high possibility of a bullish reversal during the upcoming weeks.

The technical indicator, MACD, displays a constant green histogram in its chart, indicating increased positive sentiment in the crypto space. Moreover, the averages show a bullish rise, suggesting the price will continue gaining value this month.

If the market holds the price above the support level of $1.9795, the bulls will continue gaining momentum and prepare to test its upper resistance level of $3.08 in the coming time. However, if the bulls fail to regain momentum, the IMX price will plunge and test its support level of $1.53 soon.

IMX Price Prediction 2024

The Immutable X project’s greatest value is its ability to allow massive scaling via rollups. Rather than employing more typical techniques, the team chose ZK-Rollups/Validium scaling. On an optimistic note, with growing scalability, the coin may chug up to hit the maximum price of $4.82.

However, the shrinking stance in the industry may pave the way for a drop below $1.63. Taking the bullish and bearish targets into account, the average price might settle at $3.22.

ImmutableX Price Prediction 2024 – 2030

IMX Price Prediction 2025

NFT markets can be developed on Immutable X without the need for a backend thanks to its distributed global order book, which facilitates network liquidity. As a result, third-party market alternatives can live side by side with the core marketplace of the system. That being said, the growing deployment of NFTs can land its maximum price at $6.55.

Contrarily, if bears dominate the market, the token might plunge to $3.22. Collectively, restrained by a linear momentum, with the lack of spurring initiatives, IMX’s price might find support at $4.88.

ImmutableX (IMX) Price Prediction 2026

According to forecast prices and technical analysis, IMX’s price may reach a minimum of $4.89 in 2026. The maximum price could hit $8.18, with an average trading price around $6.53.

IMX Price Prediction 2027

Looking forward to 2027, IMX’s price may reach a low of $6.45, with a high of $10.25 and an average forecast price of $8.35.

ImmutableX Price Prediction 2028

In 2028, the price of a single ImmutableX may reach a minimum of $8.33, with a maximum of $13.74 and an average price of $11.03.

IMX Price Prediction 2029

By 2029, IMX’s price may reach a minimum of $10.10, with the potential to hit a maximum of $16.87 and an average of $13.48.

ImmutableX Price Prediction 2030

In 2030, ImmutableX is predicted to touch its lowest price at $12.88, hitting a high of $19.55 and an average price of $16.21.

What Does The Market Say?

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s ImmutableX Token (IMX) Prediction

As per the IMX crypto price prediction formulated by our experts the coin portrays strong fundamentals. The coin’s price can therefore rise to a maximum of $4.82 by the end of 2024 if the NFT market booms.

On the flip side, if the crypto industry experiences an increase in regulations or a bearish trend reversal, the coin might scratch the bottom at about $1.63 if the token fails to hold its price.

Fundamental Analysis

James Ferguson and his brother Robbie Ferguson established Immutable X in 2018. Immutable X has the advantage of becoming one of the earliest layer-two systems to deploy zk-rollups and focus entirely on NFTs. With zk-rollups becoming more popular as a scalability option, the project is at the forefront of growth in the Ethereum protocol. Immutable X has a decent possibility of being the preferred “NFT blockchain” shortly. 

The API abstraction layer is a major element in delivering scalable solutions to its users. Every NFT-related transaction, such as minting, selling, and exchanging, is now a simple API request on Immutable X, owing to its REST APIs. This, according to the firm, will be a critical feature in drawing new members such as major gaming and entertainment businesses in the industry.

The network vows to be compliant with the law everywhere it works, and it supports a liquidity pool through a worldwide order book of NFTs. Additionally, it integrates all Ethereum-based cryptocurrency wallets.

What Is ImmutableX?

ImmutableX claims that its blockchain overcomes ethereum

ethereum

Blockchain NetworkTechnology

drawbacks, including its low scalability, poor user experience, lack of liquidity, and delayed development experience. Additionally, users have to pay zero gas costs for minting and trading NFTs. Also, its network supports instant trading, and vast scalability without compromising asset or user security.

The IMX coin is the network’s native cryptocurrency. Moreover, IMX is an ERC-20 cryptocurrency and aims at rewarding network operations including trading, liquidity maintenance, and application development on ImmutableX. The coin is also employed to cover system charges, staking, and governance functions.

Quick highlights on the fundamentals of IMX

• It gains from being among the first layer-two solutions and uses zk-rollups.

• Pays special attention to NFTs. 

• Enables protocol liquidity through its shared global order book, allowing NFT marketplaces to be constructed without a backend.

• The protocol expects to minimize entry barriers for smaller developers and content creators.

IMX’s Historical Price Sentiment 2021 – 2023

• IMX was trading at around $5.20 per token as of May 5th. It hit a low of, $3.75 on 10th November. It immediately jumped once more, reaching $6.06 on November 13th and $8.64 on November 21st.
• On November 26th, IMX token prices recorded an ATH of $9.52. At the end of the year, the coin’s price plummeted and terminated the year at around $5.14.
• The ImmutableX started the year 2022 with a price tag of around $5 but concluded the year with a bearish price tag of $0.3624.
• Positively, the token started with a trading price of $0.3818 and as the hype for cryptocurrencies regained momentum, the market experienced a significant uptrend in its valuation. This resulted in the ImmutableX token concluding the year with a tag of $2.13.

FAQs

Out of a total supply of two billion IMX, 235.28 million were in use as of September 5th, 2022.

By the end of 2024, the coin may possibly trade for an average price of $4.82.

IMX has strong fundamentals and it can rise in the future if it brings in newer updates and partnerships.

By the end of 2025, the currency can reach record highs with the maximum and minimum trading prices of $6.55 and $3.22.

The coin might trade at its highest price of $19.55 in 2030 by that time.

At the time of writing, the price of 1 ImmutableX token was $2.1043.

IMX

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