Imx price prediction 2022-2031 | Cryptopolitan
IMX Price Predictions 2023-2031
The crypto space is ever-changing, and from time to time, we have witnessed the entrants of several blockchain protocols and digital currencies looking to exceed the functional limitation of existing protocols. If you’re serious about cryptocurrencies, our IMX price prediction could help you develop a more clarified perspective.
The future of gaming is somehow closely linked to Twitter:
Immutable X is one of the hundreds of projects that have emerged in the cryptosphere as a scaling alternative for Ethereum’s shortcomings with NFTs – and it has established itself as a runaway success. The achievements of the Immutable X protocol have, in turn, drawn the attention of many investors to its native token.
Are you keen on crypto investing? If Immutable X is something that’s piqued your interest, read on as we bring you more details about the fundamentals of the protocol, its price history, technical analysis, and IMX price predictions for 2022 and beyond.
Today’s ImmutableX price is $0.430825 with a 24-hour trading volume of $6,200,955. ImmutableX is down 1.87% in the last 24 hours. The current CoinMarketCap ranking is #89, with a live market cap of $315,113,617. It has a circulating supply of 731,419,290 IMX coins and a max. supply of 2,000,000,000 IMX coins.
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What is Immutable X?
Immutable X claims to be the premier Layer-2 scaling solution for Non-fungible Tokens (NFTs) on the Ethereum blockchain. According to the development team, the blockchain is designed to overcome Ethereum’s limitations, such as low throughput, slow development experience, poor end-user experience, and illiquidity.
Instead, users and developers experience massive improvements in scalability, instant trading, and zero gas fees on minted and traded NFTs without jeopardizing their security and that of their assets. In other to achieve its goals, Immutability X leverages the STARK zk-rollups (an Ethereum-based off-chain protocol).
The native token of the Immutable X protocol is IMX – an ERC-20 token – used for various operations on the blockchain, such as network rewards, liquidity maintenance, trading, governance functions, system charging, and staking.
IMX coins have a total supply of 2,000,000,000 tokens, and the distribution is as follows:
- 51.74% is allocated to ecosystem developments such as marketing purposes, rewards, grants to developers, and provision of liquidity in the ecosystem.
- 25% to project development.
- 14.26% to a private sale – monthly unlock for 2+ years.
- 5% to public sale – 6 months unlock.
- 4% to the foundation and development-related initiatives – monthly unlock for 4+ years.
Fundamentals of Immutable X
Immutable X was created in 2018 by James and Robbie Ferguson, both of which are brothers and Forbes 30 Under 30 entrepreneurs. The network’s uniqueness is based on its utilization of zk-rollups (Zero-Knowledge rollups) and exclusive focus on Non-fungible Tokens.
With the increasing popularity of zk-rollups proof as an Ethereum scaling solution, Immutable X has found itself at the center of developments in the Ethereum space. With the possibility of reaching over 9000 transactions per second (TPS), Immutable X is poised to become the preferred blockchain for NFTs in no distant time.
One of the major elements of Immutable X is its API abstraction layer, which allows it to deliver scalable solutions to end-users. All NFT operations, such as minting and trading, are now simple API requests on the network because of its representational state transfer (REST) APIs – a feature the developers believe will be crucial to attracting new customers such as mainstream entertainment and gaming businesses.
The Immutable X protocol is keen on minimizing entry barriers for content creators and developers in the NFT space, making it possible to build marketplaces and next-gen Web3 games on the network.
Pros
- The IMX network offers an NFT-driven Layer-2 solution for the Decentralized Finance (DeFi) market.
- Massive NFT collaborations and rollouts – the popular Guild of Guardians and God Unchain NFTs were both from Immutable X.
- Boasts substantial achievements in the NFT space, such as 100% carbon neutral trading, a global order book that ensures instant distribution of listed assets to multiple marketplaces, and true scaling for Web3 games.
Cons
- The IMX blockchain is fairly new in the crypto space and could face fierce competition from NXT and the Ethereum blockchain.
- Like many other crypto-based developments and currencies that are subject to volatility, regulations, sentiments, and the likes, if the buzz in the NFT space loses momentum in the future, the IMX coin will struggle to attract investors.
IMX Price History
The Immutable X (IMX) token began trading in November 2021 following an IEO on Huobi Global, a series of private sales, and two ICOs. Tokens initially sold for less than a quarter of a dollar on Huobi, soon jumped to $3, and peaked at $9.50 a few days after. Then came the big crash of 2022 that has so far devaluated the coin from about $5 in January 2022 to less than $1 in September 2022.
The current price of Immutable X (IMX) is $0.7969, with a market cap of $187,508,740. IMX has a circulating supply of 235,284,001.00 IMX and a total supply of 2,000,000,000 tokens. Its market ranking is #141.
New Developments on Immutable X
The Immutable X development team is constantly rolling out new developments and Web3 partnerships. Here are some of the plethora of most recent developments:
- IMX Price Prediction 2023 – up to $0.97
- IMX Price Prediction 2025 – up to $2.04
- IMX Price Prediction 2028 – up to $6.11
- IMX Price Prediction 2031 – up to $18.77
IMX Technical Analysis
IMX price analysis for December 10, 2022, reveals the market following a complete bearish movement, obtaining massive negative momentum, signifying a decline for the IMX market. The price of IMX has remained negative over the past few hours. Today, the price crashed and went from $0.52 to $0.40. However, the market started to increase further in value soon after, as the cryptocurrency had already gained more of its value. Moreover, IMX has decreased and reached a price drop of $0.45, just shying away from the $0.50 mark.
IMX price analysis reveals the price volatility following a decreasing movement, which means that the price of IMX is becoming less prone to experience variable change on either extreme. The Bollinger’s band’s upper limit is $0.52, serving as IMX’s strongest resistance. Conversely, the lower limit of Bollinger’s band is $0.35, which is the strongest support point for IMX.
The IMX/USD price appears to be moving over the price of the Moving Average, signifying a bullish movement. However, the market’s trend seems to have shown bearish dynamics in the last few days. As a result, the market has decided on a negative approach. However, yesterday the market broke, the market started opening its volatility, and the price started moving downwards.
IMX price analysis shows the Relative Strength Index (RSI) to be 45, signifying a stable cryptocurrency. This means that the cryptocurrency falls in the central neutral region. Furthermore, the RSI path seems to have shifted to a downward movement. The declining RSI score also means dominant selling activities.
IMX price analysis reveals the cryptocurrency follows a strong downward trend with much room for further activity on the declining extreme. Moreover, the market’s current condition appears to be following a negative approach. Therefore, we can assume that the bears will start making their moves soon to maintain their control over the market.
IMX Price Predictions by Cryptopolitan
IMX Price Prediction 2023
IMX price prediction 2023 by Cryptopolitan expects an overall bullish trend leading to a maximum price of $0.97, indicating a significant gain on the current price of IMX tokens. We also anticipate a minimum price level of $0.81 and an average market price of $0.83.
IMX Price Prediction 2024
IMX is forecasted to attain a maximum value of $1.42 based on our IMX price forecast for 2024. Investors can expect an average price of $1.22, with its lowest possible price set at $1.19.
IMX Price Prediction 2025
Our IMX coin price prediction for 2025 anticipates IMX to reach a maximum price of $2.04 by the end of the year, signifying a positive market sentiment. The lowest price of $1.65 and an average forecast price of $1.71 are expected. With a higher adoption of blockchain-based applications in the future, IMX prices could see an enormous increase in value.
IMX Price Prediction 2026
Our ImmutableX price prediction is anticipated to have an overall bullish market based on our IMX price prediction 2026, leading to a maximum price of $2.83 and a minimum price of $2.41, respectively. An average market price of $2.48 is expected. Crypto volatility and market restrictions are forces that lead to these low prices.
IMX Price Prediction 2027
According to our IMX token price prediction 2027, IMX investors will record huge profits, as the cryptocurrency could reach a peak price of $4.14. Throughout the year, IMX is assumed to maintain an average price of $3.64 and a minimum value of $3.54. Due to reduced fees, transparency, security, as well as faster transactions, IMX could witness a surge in price.
IMX Price Prediction 2028
Based on our IMXCoin price prediction 2028, IMX could trade between $5.26 to $6.11. The expected average price is $5.44. Being one of the best-performing digital coins in the crypto market, there would be a huge demand for the token in the future, leading to a massive increase in price.
IMX Price Prediction 2029
According to our IMX price prediction 2029, the coin will trade at a maximum IMX price of $9.1, indicating an increase in the current price of up to a significant amount. The digital coin is expected to maintain an average trading price of $7.68 and a minimum price of $7.47 throughout the year.
IMX Price Prediction 2030
According to our IMX price prediction 2030, IMX is predicted to attain a maximum price of $12.88. We also anticipate a significant increase in the price support level leading to a minimum price of $10.85 and an average value of $11.16.
IMX Price Prediction 2031
According to our Immutable X price prediction for 2031, IMX is predicted to maintain an overall bullish trend leading to a peak IMX price of $18.77. The price indicates a significant increase in the current market price. An average price of $15.6 and a minimum price of $15.04 is expected. The digital coin has huge potential that could attract many users, influencing these high prices.
IMX Price Predictions by DigitalCoinPrice
Immutable X’s price is predicted by DigitalCoinPrice to increase by 38% in September, perhaps reaching $1.40, and by $1.36 in December of 2022. According to the website, the average will be $1.51 in 2023 but $1.48 in 2024.
IMX Price Predictions by UpToBrain
Immutable X price forecast from UpToBrain is also quite optimistic, predicting that it will hit $3.54 in 2022 before rising to $4.04 in 2023 and $4.73 in 2024. The IMX price is predicted by the same site to be $5.41 in 2025 and $6.04 the following year.
IMX Price Predictions by Wallet Investor
By the end of 2022, the token’s average price, as predicted by Wallet Investor’s algorithm, may drop to around $0.07. Immutable X’s 2025 price estimate by Wallet Investor showed a further decline in value, with an average price of just $0.01 by the year’s conclusion.
Conclusion
The coin IMX is still quite young. Its current trading price may be above or below its natural level, depending on the situation. We might have to wait to get the answer.
By virtue of its very nature, IMX is dependent on the NFT market. If non-fungible tokens have a particularly difficult time, it’s likely that Immutable X will also fail unless the developers of Immutable can switch to another application.
A different layer-2 solution for NFTs on Ethereum may emerge and gain greater traction than IMX. Buterin’s blockchain is currently a major participant in the cryptocurrency industry, whereas NXT is only a footnote. Let’s not forget that the NXT blockchain performed many of the functions that Ethereum performed before Ethereum.
Although it’s a younger cryptocurrency, it may still be too early to determine if it’s a good investment or not. You must conduct your own research before making an investment in IMX and seek independent professional consultation. Never risk more than you can afford to lose while investing. You need to be aware that prices might go up as well as down when dealing with cryptocurrencies because they can be quite volatile.
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