Immutable X claims to be the premier Layer-2 scaling solution for Non-fungible Tokens (NFTs) on the Ethereum blockchain. The blockchain is designed to overcome Ethereum’s limitations, such as low throughput, slow development experience, poor end-user experience, and illiquidity.
The network’s uniqueness is based on its utilization of zk-rollups (Zero-Knowledge rollups) and exclusive focus on Non-fungible Tokens. With the increasing popularity of zk-rollups proof as an Ethereum scaling solution, Immutable X has found itself at the center of developments in the Ethereum space.
The native token of the Immutable X protocol is IMX – an ERC-20 token – used for various operations on the blockchain, such as network rewards, liquidity maintenance, trading, governance functions, system charging, and staking.
The price of IMX is around $0.6527, with a market capitalization of $153,573,565. There are currently about 235,284,001.00 IMX tokens in circulation.
#1Wallet Investor According to Wallet Investor, IMX will have a negative trend in the future that could bring the coin’s market price down to 0.0783 USD over the next 365 days, making it a bad investment in the short term.
#2 CryptoPrediction Cryptopredictions.com is quite positive about the long-term prospects and profitability of the Immutable X (IMX) token. The maximum price anticipated for December 2022 is $1.354. The site also forecasts a maximum price of $1.468, a minimum of $0.998, and an average of $1.175 in 2023.
#3Technewsleader Technewsleader products that Immutable X can reach as high as $1.15 by the end of 2022, $1.64 in 2023, and $5.24 in 2026. They expect a bullish trend up to 2031, with the coin’s maximum price expected to be trading at more than 3x its current all-time high.
2022 IMX's price is expected to reach a maximum of $1.11, a minimum of $0.96, and an average price of $1.04. 2025 IMX’s price is expected to reach a maximum of $3.41, a minimum of $3.02, and find support around $3.23. 2030 For 2030, IMX is expected to reach a maximum of $11.16, a minimum of $10.83, and an average of $11.02.
Considering Immutable X (IMX) is the first Layer-2 solution for NFTs on the Ethereum network, we believe Immutable X (IMX) to be a very good investment, especially in the long term.