Immutable Momentum: IMX Rockets To $2.21, Scaling Heights Unseen Since 2022
13 Dezember 2023 - 10:00AM
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Immutable and its native IMX token deviate from the current
cryptocurrency market downturn triggered by declines in Bitcoin and
Ethereum. While most prominent gaming tokens have followed suit,
experiencing a decrease in value since late Sunday, this pattern
highlights the interconnected nature of digital assets. Despite
market volatility, the IMX token fights the downward pressure and
continues its previous upward trajectory, demonstrating a unique
resilience and potential decoupling from cryptocurrency
correlation. Related Reading: Injective (INJ) Trains Guns On $30
After Hitting An All-Time High Of $27 – Details Immutable’s IMX
Hits $2 Milestone The trajectory of Immutable’s IMX token has been
characterized by a rapid and substantial increase in value since
October. This upward movement reached its zenith today, as the IMX
token breached past the key $2 level. At the time of writing, IMX
was trading at $2.01, up 42% in the last seven days, data from
CoinMarketCap shows. Such a peak represents a significant milestone
for the token, as it marks a level that had not been reached since
April 2022. This extended duration underscores the significance of
the current price surge, suggesting a notable departure from the
historical price trends of the IMX token. IMX seven-day price
action. Source: CoinMarketCap With a market valuation of more than
$2.8 billion, Immutable X is one of the largest layer-2 networks
globally. It is a network that is essential to the non-fungible
token (NFT) and gaming industries. The organization has
collaborated with some of the major names in the gaming sector in
the last few years. Companies like Merit Circle, Illuvium, Unity,
Ubisoft, and StarkWare are a few of the most renowned partners. In
an effort to transform gaming on Beam in the future, the network
has partnered with Merit Circle DAO and GameStop, two of the
biggest American retailers. IMX market cap currently at $2.599
billion. Chart: TradingView.com In order to establish Transak as
the “principal payments partner” for Immutable Checkout on the
zkEVM network, Immutable established a new partnership with the
payments processor on Monday. Because of Immutable X’s low
transaction costs, Ethereum-grade security, speedy transaction
rates, and user-friendliness, developers adore it. Additionally, it
contains all the tools required by developers to create scalable
games, including Orderbook, Marketplace, Checkout, and Passport.
IMX Price Prediction With 18 of the 30 (or 60%) green days and
11.72% price volatility over the past 30 days, Immutable X is still
attracting the interest of investors. Likewise, Immutable’s
future appears bright as 27 technical indicators are glowing green.
IMX price forecast. Source: Coincodex The CoinMarketCap ranking of
the IMX token has increased to 29th. The spike is in reaction to
VanEck’s claim that the introduction of new blockchain-based video
games, such Illuvium, which is due out next year, may raise the
value of the IMX token. Immutable has also been trying to fix many
of the technological pain points that have hampered the success of
Web3 gaming thus far, according to VanEck. Meanwhile, Coincodex’s
current Immutable price prediction indicates that this week’s price
of Immutable will fall by -7.18% to $ 0.003929. Related Reading:
Bitcoin Speed Bump: A Week’s Surge Crumbles In Just 20 Minutes IMX
Greed Index. Source: Coincodex. The coin’s technical indicators
show a bearish attitude at the moment, despite the Fear & Greed
Index hitting 65 (Greed). Featured image from Shutterstock
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