Can Immutable X reach $100, $1000? IMX Price Prediction 2024-2030

Read our latest analysis and Immutable X Price Predictions and the answer to the questions Can Immutable reach $100, $1000?

Latest Immutable X Token Price

Total Holders: 72,920, Top 100 Holders Share: 94.06%[Steady] Average Retail Holding = $4508

IMX Price Performance so far

Last 7 Days	+28.1%
Last 1 Month	+36.4%
Last 12 Months	+187.3%

IMX Crypto price has increased 5 fold between October 2023 and February 2024. What are the Signals and Predictions?

IMX Price Prediction: IMX Crypto could rise 50% higher to $4.5 in the next few months. However, there will be some consolidation between $2.5 and $3.0 over the next few days/ weeks before a move higher to $4.5. At $4.5, IMX’s market cap would be closer to Shiba Inu.

IMX breached its crucial resistance at $3 but struggled to establish support, resulting in a price retracement below the $3 mark. If support at $2.90 is not established, IMX is projected to decline towards $2.60. Despite technical indicators indicating a neutral outlook for IMX, the trade recommendation for the asset still leans toward buying.

The recent pullback in IMX coin price followed a consolidation phase within the overbought zone. Anticipated to rebound, IMX is poised for an upward trajectory, aligning with the overall improvement in market sentiment.

• IMX Immutable X Price Prediction in the next 24 hours is between $2.01 and $2.01
• IMX Immutable X Price Prediction this week is between $1.69 and $2.21

IMX Crypto: Buy or Sell Poll? [New]

Net Buy= (Buy-Sell)%

• Feb 12th: +80%
• Feb 13th: +75%

SKINS Price Prediction: Is SKINS Legit

IMX Price Prediction $100: Can Immutable X reach $100?

IMX Crypto will reach $100 only if 75-90% of the Tokens are destroyed. Here is the analysis

For IMX to reach $100, it would need to rise by a factor of 34. At $100, Immutable X Token’s Market Cap will be $135B. If IMX were to grow at a rate of 25% each year, it would take about 16 years to reach $100. Let us evaluate this data

• Quality of Investment– Moderate
• Time and Growth required to reach $100– Not Feasible
• Market Cap at $100– Not Feasible

Considering the criteria Quality of Investment, growth required, and time required, IMX Crypto has no chance of reaching $100.

IMX Price Prediction 2024-2025-2030 (Aggregated)

• IMX Immutable X Price Prediction 2024 is $2.79
• IMX Immutable X Price Prediction 2025 is $4.02
• IMX Immutable X Price Prediction 2026 is $4.89
• IMX Immutable X Price Prediction 2027 is $6.97
• IMX Immutable X Price Prediction 2028 is $9.15
• IMX Immutable X Price Prediction 2029 is $11.0
• IMX Immutable X Price Prediction 2030 is $15.1

IMX Price Prediction $1000: Can IMX Token reach $1000?

To reach a price level of $1000, IMX needs to grow by 342 times its current value. As discussed previously, ImmutableX has shown a growth of 2.95 times in one month to reach its all-time high price of $9.3.Therefore, IMX will require 26.5 years to reach $1000.

Now, first of all, 26.5 years is too much to wait for. And, secondly, depending upon the market conditions of that time, IMX might take even more time to reach $1000.Therefore, we cannot expect IMX to reach $1000 shortly.

IMX Price Prediction $10: Can IMX Token Reach $10?

ImmutableX needs to grow by around 3x times its current price to reach a price level of $10. At 5x, IMX’s market cap would be about $13.5B. This is quite achievable in the next 5.5 years even assuming a conservative growth of 25%.

Immutable X Price Prediction: Is Immutable X a Good Investment?

Immutable X is a Layer-2 protocol on Ethereum for NFTs that aims to provide the security and network effects of Ethereum with a better user experience. It achieves this by using a ZK-Rollup Scaling Engine, API Abstraction Layer, NFT-enabled Wallets, Platform SDKs, Shared Liquidity and Orderbook, and a Default Marketplace and transaction History Explorer. The protocol generates revenue through fees charged on primary asset sales and NFT trades.

1. Immutable X is designed to make NFT trading easier, and legally compliant, and supports all Ethereum-based crypto wallets.
2. Immutable X funds itself by taking a 2% stake in all NFT sales and trades.

ImmutableX is known for games like Gods Unchained and Illuvium on its platform.

IMX Token

Immutable X Token IMX is an ERC-20 utility token used on the Immutable X protocol as a reward for pro-network activities like trading, liquidity provision, and building applications. 20% of Immutable X’s protocol fee must be paid in IMX tokens, or it will be automatically swapped for IMX on the open market. The token has three core uses

• Fees,
• Staking
• Decentralized governance.

Overall, IMX appears to be a good investment with a good use case focused on NFTs.

Will IMX Go up?

Yes, IMX will certainly go up. Here are 3 major reasons why

1. As explained earlier, IMX is a good investment case.
2. One of IMX’s strongest competitors is Solana. Solana is a Layer-1 blockchain but has concentrated strength in NFTs. Solana is the second-largest player in the NFT space. In the last 30 days, $28 M Solana-based NFTs were sold. This is 40% higher than Immutable X. Solana’s market cap is nearly 8 billion or 10x IMX. Correcting Solana’s presence in DeFi (Small), IMX is perhaps undervalued by half.
3. Most experts are forecasting that major cryptos will rise this year, and IMX will certainly benefit from the growth.

Immutable X Price Prediction: Where to Buy?

1. Kraken – Kraken is a well-known cryptocurrency exchange where users may buy, sell, and trade various cryptocurrencies. It has modern trading tools, rigorous security measures, and many supported cryptocurrencies for trading.
2. KuCoin – KuCoin is a global cryptocurrency exchange that allows you to buy, sell, and trade different cryptocurrencies. It has an easy-to-use interface, a large selection of cryptocurrencies, cheap trading costs, and user-friendly features like staking, lending, and a referral program.
3. ByBit – Bybit is a well-known cryptocurrency derivatives exchange that provides leveraged trading for cryptocurrencies such as Bitcoin, Ethereum, and others. It offers perpetual contracts, futures contracts, and options, as well as powerful trading tools, low costs, and an easy-to-use interface.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.