Can Immutable X reach $100, $1000?

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IMX Price Performance so far Year To Date (2023): +85.7% Last 12 Months: -5.2% Since Launch (2021): -86.2% Exchange Dominance – Binance: 19.4% September 21st IMX NFT Statistics – Sales are down by 5% and ranked 5th in the past 30 days. Total Buyers rose by 18% to 12,759. By this metric, IMX is significantly undervalued versus Solana. Gaming Statistics – In terms of Volume, Gods Unchained is ranked 54th (UAW: 7.5k) [Trending Higher]. According to Immutable, ‘Cross the Ages’ has crossed 100k downloads. However, Dappradar reports just 2.12k active wallets (last 30 days) Can Immutable X reach $100? IMX requires to grow by 107.52 times its current value, to reach $100. Also, as discussed earlier, IMX grew by 2.95 times to reach its all-time high value in November 2021, it will need a minimum of 36 months (3 years) to reach a price level of $100. Again, its price will be affected by the market conditions of various factors such as inflation and liquidity and thus, it might take more time than calculated to reach that value. IMX Price Prediction $1000 To reach a price level of $1000, IMX needs to grow by 1,075.2 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 at least 364 months (around 30 years) to reach $1000. Now, first of all, 30 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 in the near future. Can Immutable X reach $100? Summary of Immutable X IMX Immutable X is a Layer-2 protocol on Ethereum tailored for NFTs and Gaming, aiming to merge Ethereum’s security and network benefits with an enhanced user experience. Using a ZK-Rollup Scaling Engine, API Abstraction Layer, NFT-enabled Wallets, and other features, it offers a smoother NFT trading experience while ensuring legal compliance. The protocol’s revenue stems from fees on primary asset sales and NFT trades, with a 2% stake in all transactions. Adding another dimension to its offerings, Immutable has partnered with Polygon to launch Immutable zkEVM, an EVM-compatible chain fine-tuned for the gaming sector. By leveraging zk-rollup technology and Ethereum’s robust capabilities, the chain prioritizes scale, speed, and premium gaming experiences. Unlike generic chains, Immutable zkEVM is gaming-centric, offering developers the tools to monetize games efficiently, protect their communities, and elevate user experiences. The recent launch of the Immutable zkEVM Testnet empowers developers to freely engage with the platform, execute or transfer smart contracts, and utilize in-game assets in a secure testing backdrop. Furthermore, the Immutable X Token (IMX) serves as an ERC-20 utility token within the protocol, essential for fees, staking, and decentralized governance. Notably, games like Gods Unchained and Illuvium have adopted Immutable X. The investment potential of IMX is favorable, particularly with its focus on the burgeoning NFT and gaming markets. Three significant factors support IMX’s growth trajectory: its inherent investment strength, its undervaluation compared to competitor Solana (which dominates in NFTs but has a market cap 10 times that of IMX), and the anticipated surge in major cryptocurrencies in the next 12 months, which will likely bolster IMX’s value. 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.

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