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Tag: Immutable X

  • Immutable X (IMX) – Why is it Surging?

    Immutable X (IMX) – Why is it Surging?

    According to the startup’s press releases, the $200 million capital investment raises Immutable’s overall valuation to $2.5 billion. Immutable (IMX) collaborated with Tiktok, a social networking platform, in September, and announced a relationship with Gamestop in the first week of February 2022.

    The platform’s native token, Immutable x (IMX), soared 35 percent higher after the company secured a partnership with Gamestop. Following the Series C funding round, immutable x (IMX) has gained 26.1 percent versus the US dollar and 29.5 percent against bitcoin at the time of writing (BTC).

    Immutable, a blockchain startup, announced on Monday that it had raised $200 million in a Series C fundraising round from investors. Temasek led the investment round, which also included Tencent, Animoca Brands, Mirae Asset, and Airtree Ventures.

    The funding will be used to expand the gaming studio and strengthen its Ethereum non-fungible tokens (NFT) technology. “Zero gas fees, rapid transactions, and carbon-neutral NFTs for marketplaces, games, and applications without compromise,” according to Immutable’s website.

    Immutable’s chief executive, James Ferguson, told Reuters in an exclusive interview that investors recognize the platform’s potential.

    “Immutable is committed to building a leading, ambitious, and trustworthy web3 ecosystem for a new generation of innovators seeking scalable solutions in the world’s fastest-growing business,” Ferguson said. “Our investment partners see the Immutable X platform’s power and potential, and they will play a critical role in our next phase of growth.”

    According to the startup’s press releases, the $200 million capital investment raises Immutable’s overall valuation to $2.5 billion. Immutable collaborated with Tiktok, a social networking platform, in September, and announced a relationship with Gamestop in the first week of February 2022.

    The platform’s native token, immutable x (IMX), soared 35 percent higher after the company secured a partnership with Gamestop. Following the Series C funding round, immutable x (IMX) has gained 46.12 percent versus the US dollar and 38.58 percent against bitcoin at the time of writing (BTC).

  • Immutable X (IMX) – Where to Now?

    Immutable X (IMX) – Where to Now?

    The native token of Immutable X is IMX

    At the time of writing, IMX is being traded at the rate of $5.09 with an increase of almost 4% within the last 24 hours.

    The low within this tenure was around $4.87 and the high was approximately $5.73. The coin as being in the watchlist of many traders makes it rank all the way up to number 96th according to the latest data released by coin market cap.

    IMX during the month of November approached a near All-time High around the price of $9.53. The trading volume today on the other hand has increased by almost 137.75%.

    The top exchanges for trading IMX are currently Kucoin, OKEx, FTX

    Technical Analysis –  Immutable X

    IMX before the consolidation had shown us higher high movements. The price printed a big green candle that took it to a new height. After that, IMX did a descending correction. This correction eventually led to the creation of a daily order block when the price shot up and broke the previous higher high. For some time, the price continued in this direction and we saw price achieve a new high a few weeks ago.

    Soon after, the price failed to create another high and eventually fell down to shift the structure. This also created another order block that has remained unmitigated for a long time. Now the price is doing a descending correction. Now the price is ranging between the two order blocks.

    IMX - 1D

    We can expect the price of IMX to mitigate the lower order block and then we can look for a long position. The price can drop down and get a bounce from the support, this would make sure that there is no reason for the price to go down again. Then we can look for a possible long position, this would take the price of IMX to mitigate the upper order block from where a reaction can be expected. Depending on the lower time frame confirmations, we can look for a cleaner entry.

    Price Prediction – Immutable X (IMX)

    IMX has been one of the slow gainers in the market. The price is still way low as compared to the all-time high.  According to wallet investor, the price of IMX is to reach a value of $0.919 in a year. This means that wallet investor considers IMX to be a bad investment.

  • Immutable X (IMX) – The Price Dropped almost 20%

    Immutable X (IMX) – The Price Dropped almost 20%

    At the time of writing this article, IMX has a value of $4.611 (21.38% decrease today) with a trading volume of $78,999,649 with a decrease of about 6.49% over the past 24 hours. It has been of the top losers today among the top 100 cryptocurrencies.

    IMX is listed on coinmarketcap in 95th place. It has a market dominance of about 0.04%. IMX had created its all-time high around the price of $9.49 in November 2021.  This month has been bearish for the price and we have seen a decrease of about 44.80% in December. In November we saw an increase of about 5100%.

    The maximum supply of IMX is around 2B while the current circulating supply is around 188M coins.

    Technical Analysis – Immutable X (IMX)

    After the drop of Bitcoin (BTC) drop from the 50k range to the $42. The price of altcoins has been severely decreased and they have taken a hit.

    IMX is one of the coins that has suffered damage to the price for the past few days. The price of IMX has broken structure and is now falling down to create a lower low.

    The level to watch at this point is around $3. This is where an order block has been created. This was created after the price rallied upwards and eventually broke the previous structure. If the price drops to this level we can expect a long from there while taking into account lower time frame confirmations.

    IMX -1D

    It should be noticed that the whole momentous candle at the beginning is very inefficient and as a result, we can expect a wick down to the middle to mitigate the level. This would in fact be a very healthy movement for the price.

    If the price of Bitcoin (BTC) doesn’t mess up here, we can expect the price to rally upwards from the order block level. If it drops more to the early 40s we can expect the price of IMX to drop as well and mitigate the inefficient candle at the start.

    Price Prediction – Immutable X

    According to wallet investors, IMX is one of the most successful investments in the market. According to their predictions, IMX is expected to reach a value of $85.546 in a time span of one year. For a five-year plan, the price is expected to reach a value of $394.635.

  • The Future of NFTs -What is Immutable X (IMX)

    The Future of NFTs -What is Immutable X (IMX)

    The Non-fungible token (NFTs) market has taken a significant hit over the past month. This has created a doubtful atmosphere and most people are either hoarding their NFTs or trying to get them off their hands with as much money as possible. But there are still that are holding strong in their position and believe that the NFT market is going to bounce back. These investors are looking at companies like Immutable X (IMX) to guide them towards the new era.

    Built by an Australian team, Immutable X (IMX) claims to be the future of Ethereum NFTs. The Project is planning to integrate within the major NFT marketplaces.  It has already entered into a partnership with the likes of OpenSea and Mintable, back by Mark Cuban that was able to raise $13 million.  It claims to be the crypto game changer. This is due to Immutable being able to provide gas-fee minting and trading, as well as giving the ability to the holders of IMX, the utility token of Immutable X, staking options, and protocol governance voting rights.

    Even though the recent atmosphere of the market is looking troubled, the overall year has been good for IMX. TikTok has also announced that they will mint NFTs on Immutable X (IMX). The market is ever so growing, and it may even grow more with time. There seems to be an incoming split of the coin. The supply split will cause every token to be worth 100 tokens. The total supply shall be gradually increased so that all allocations and users are able to attain a similar percentage share of IMX. With the incoming zk- rollup scaling engine, the market for NFTs is bound to prosper again.  It also has decentralized governance where the token holders are able to vote on token-related proposals.

    Price Movement – Immutable X (IMX)

    At the time when this article is being written, the value of IMX is $5.33, with a daily high of $6.27. It has a trading volume of $102,653,391 with an increase of 27.46% over the past twenty-four hours. This value is a lot considering that IMX just launched two weeks ago (13:00 UTC, Friday, 5th November 2021 to be exact). The coin therefore has good estimates with Digital Coin Price estimating the value of the coin as $8.08 USD, $9.66, $11.22, $12.86, $16.26, $19.15, $22.14, $24.15 within the years 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028 respectively.