ImmutableX

Get ImmutableX (IMX) all time high price, historical charts, latest news and other information.

One Ethereum-based (ETH) gaming altcoin is skyrocketing over the last month as its ecosystem experiences rapid growth.
ImmutableX (IMX) has surged by 147% during the past thirty days, increasing from $0.42 on January 8th to its current value of $1.04.

The layer-2 protocol’s price explosion comes as the project says its blockchain technology is becoming increasingly popular for Web3 uses, including gaming.
 “Immutable is becoming the leading ecosystem of choice for the highest quality Web3 games and experiences. Here is everything you missed this week on how we are bringing Web3 to the mainstream.” 
The project also says it will soon launch the “Immutable Passport,’’ a non-custodial wallet that streamlines the ability for Web3 games to onboard players.
In a recent press release about the wallet, the project says,
“Customer research conducted by the ImmutableX team found that ease of onboarding, security, and plug-and-play features were the top priorities for development studios integrating Web3 components into their game.
 Achieving these goals requires a mainstream gamer-friendly wallet to possess a simple sign-in process, leveraging social logins from popular services like Google and Apple. This will allow gaming projects to easily welcome new, larger audiences.”
ImmutableX is also a partner in the NBA on TNT’s watch-to-earn program, where participants can earn tokens by answering trivia questions and use them to purchase digital items from an online marketplace.
Token projects built on ImmutableX are also seeing surging prices, such as the non-fungible token (NFT) gaming project Illuvium (ILV).
ILV shot up by more than 70% in a week amid new upgrades, reaching a weekly high of $105 from a low of $61.81 on January 29th. Illuvium has since retraced and is trading for $90.27 at time of writing.
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The post Ethereum-Based Gaming Altcoin Erupts 125% in Just One Month As Ecosystem Activity Spikes appeared first on The Daily Hodl.


One Ethereum-based (ETH) gaming altcoin is skyrocketing over the last month as its ecosystem experiences rapid growth. ImmutableX (IMX) has surged by 147% during the past thirty days, increasing from $0.42 on January 8th to its current value of $1.04. The layer-2 protocol’s price explosion comes ...

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Ethereum-Based Gaming Altcoin Erupts 125% in Just One Month As Ecosystem Activity Spikes

IMX (ImmutableX) has been on a roll lately, being one of the few altcoins to have significant gains in the past month or so. 
According to tracking by CoinGecko, IMX was up 10% in the daily timeframe with its biggest gain at the weekly timescale at nearly 19%. 

IMX: What Drove Prices Up? 
Although the past year saw the token drop by 87%, it also saw some significant developments for the L2 ecosystem. For their push to become the leading competitor in the NFT space, Gamestop partnered with ImmutableX for their NFT marketplace. 
This placed ImmutableX on the spotlight as it was just a startup company back then. Both companies also created a $100 million fund for NFT developers to boost their projects if granted. 
The partnership created buzz around the time as this sort of legitimized NFTs in the eyes of gamers and collectible enthusiasts as NFTs sought an audience with this crowd of consumers.

But with NFT interest dwindling, the technology will continually be a hard-sell to consumers as it is still in its infancy. 
The real growth, however, is in the GameFi space. According to ImmutableX, the ecosystem edged Polygon in terms of exclusive on-chain GameFi development with ImmutableX catching up on cross-chain development. 
These developments are also courtesy of Immutable’s previous wins. Most notable of these is the $200 million that they raised during its Series C funding with gaming industry companies and venture funds. 
IMX Riding Bullish Momentum
ImmutableX’s native token IMX seems to be riding the bullish wave that’s taken over major cryptos Bitcoin and Ethereum. As of writing, the two are up 1.5% and 2.5%, respectively. 
This is a good wave for IMX to ride on. However, this manifests a very real risk of a huge correction if macroeconomic indicators show a worsening economic situation. 
But with the White House announcing that the economy is heading for a soft landing, investor sentiment should reverse back to positive on both stocks and riskier assets like cryptocurrencies. 



For IMX to continue its bullishness, the token needs to break its sideways movement that formed because of FTX’s collapse. The primary resistance level at $0.4726 should be broken as this was the main resistance that kept the price downwards. 
With major cryptos going bullish, IMX riding the wave to break through this resistance can help it turn $0.4726 to support. Investors and traders, however, should keep watch as the Consumer Price Index (CPI) will be released this week. 
If the CPI stagnates and remains high, the U.S. Federal Reserve might be on another interest rate hike later this year. 
-Featured Image from TechFi


IMX (ImmutableX) has been on a roll lately, being one of the few altcoins to have significant gains in the past month or so. According to tracking by CoinGecko, IMX was up 10% in the daily timeframe with its biggest gain at the weekly timescale at nearly 19%.  Related Reading: Dogecoin (DOGE) Is ...

ImmutableX price	$1.02
Low - High 24H	$0.996808 - $1.11
Market cap	$932.12M
Volume 24H	$42.49M
All time high	$9.52 -89.28% November 26th 2021
All time low	$0.378055 169.82% December 31st 2022
Genesis date	N/A

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