ImmutableX (IMX) Price Prediction 2024, 2025: Is IMX A Good Investment?
In the rapidly evolving crypto space, a plethora of virtual currencies and protocols can be found. Immutable X is one such ecosystem that has successfully established itself as a market leader. Developed as a Layer 2 scalability solution for Ethereum and NFTs, Immutable X is considered one of the earliest scaling alternatives for non-fungible tokens, primarily based on Ethereum.
ImmutableX, as a cryptocurrency, aims to address many of the drawbacks that hinder the use of NFTs on Ethereum. It tackles issues such as limited throughput, low liquidity, complex user interfaces, and slow consumer experiences.
Are you keen on investing in IMX? Don’t hesitate any longer; we bring you the most reasonable Immutable X price predictions for 2024 and the coming years!
IMX Price Prediction 2024
The greatest value of the Immutable X project lies in its ability to scale massively through rollups. Instead of adopting more typical technologies, the team has opted for ZK-Rollups/Validium scaling. Optimistically, with continual scalability improvements, the token could surge to a high of $4.82.
However, a bearish market trend could pave the way for a drop below $1.63. Considering both bullish and bearish targets, the average price might stabilize around $3.22.
IMX Price Prediction 2025
Due to its distributed global order book, NFT marketplaces can be developed on Immutable X without needing a backend, favoring network liquidity. Therefore, third-party market alternatives can coexist with the core market of the system. With continuous NFT deployment, its maximum price could reach $6.55.
Conversely, if bears dominate the market, the token might fall to the $3.22 threshold. Overall, constrained by linear momentum and a lack of catalysts, IMX’s price might find support at $4.88.
ImmutableX (IMX) Price Prediction 2026
Based on forecast prices and technical analysis, in 2026, the price of IMX could reach a minimum of $4.89 and a maximum of $8.18, with an average trading price around $6.53.
IMX Price Prediction 2027
Looking ahead to 2027, IMX’s price might reach a low of $6.45, 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 could reach a minimum of $8.33, a maximum of $13.74, and an average of $11.03.
IMX Price Prediction 2029
By 2029, the price of IMX could reach a minimum of $10.10, a maximum of $16.87, and an average of $13.48.
ImmutableX Price Prediction 2030
By 2030, ImmutableX is expected to reach a minimum price of $12.88, a maximum price of $19.55, and an average price of $16.21.
Fundamental Analysis
James Ferguson and his brother Robbie Ferguson founded Immutable X in 2018. Immutable X’s advantage lies in being one of the first Layer 2 systems to deploy zk-rollups and focus entirely on NFTs. As zk-rollups become more popular as a scalability option, this project is at the forefront of Ethereum protocol growth. Immutable X is likely to soon become the preferred “NFT blockchain.”
The API abstraction layer is the main element that provides scalable solutions to users. Due to its REST API, every NFT-related transaction, such as minting, selling, and exchanging, is now a simple API request on Immutable X. The company states that this will be a key feature to attract new members, such as major gaming and entertainment companies in the industry.
The network pledges to comply with laws wherever it operates and supports liquidity pools through a global NFT order book. Additionally, it integrates all Ethereum-based cryptocurrency wallets.
What is ImmutableX?
ImmutableX claims its blockchain overcomes Ethereum’s drawbacks, including low scalability, poor user experience, lack of liquidity, and delayed development experience. Users can mint and trade NFTs without paying any gas fees. Furthermore, its network supports instant transactions and immense scalability without compromising asset or user security.
IMX coin is the network’s native cryptocurrency. Additionally, IMX is an ERC-20 cryptocurrency designed to reward network operations, including transactions, liquidity maintenance, and application development on ImmutableX. The token is also used for system fees, staking, and governance functions.