ImmutableX (IMX) Price Prediction 2023-2030: Will IMX Price Hit $10 Soon?

• The bullish IMX price prediction ranges from $2.1612 to $2.4759.
• IMX price might also reach $2.4372 in 2023.
• IMX’s bearish market price prediction for 2023 is $0.405.

To revolutionize the gaming industry, Immutable hopes to provide simple Web3 solutions while providing enhanced speed, scale, and flexibility. Moreover, Immutable mentioned that they are “designed for games” by providing various features equipped to meet the different demands of games.

Furthermore, Immutable X is a scaling solution for Non-Fungible Tokens (NFTs), that seeks to enable very instantaneous, low-fee transactions powered by the Ethereum token known as IMX. Staking on Immutable X, voting on the protocol’s future, and paying transaction fees can all be done with IMX.

If you are interested in the future of ImmutableX (IMX) and want to know the price analysis and price prediction of IMX for 2023, 2024, 2025, 2026, and until 2050, keep reading this Coin Edition article.

ImmutableX (IMX) Market Overview

What is ImmutableX (IMX)?

Immutable X claims that its blockchain overcomes Ethereum’s disadvantages, such as limited scalability, a bad user experience, illiquidity, and a sluggish development experience. Instead, users enjoy fast trading and vast scalability, as well as 0% gas expenses for minting and trading NFTs, without jeopardizing user or asset security. Immutable X is constructed using the STARK zk-rollups to do this, a technique that Vitalik Buterin believes Ethereum is “all-in.”

Users will be able to produce and distribute assets like ERC-20 and ERC-721 tokens on a large scale thanks to this technology. Chris Clay, the game director of Gods Unchained, a project already built on Immutable X, remarked that Immutable X allows Gods Unchained to develop a previously inconceivable meta-system. In this way, Immutable X aspires to provide a world-class experience for both consumers and developers.

Immutable X has the advantage of being one of the first layer-two systems to use zk-rollups and focus solely on NFTs. With zk-rollups becoming more popular as a scaling option, the project is at the forefront of development in the Ethereum ecosystem.

Immutable X has a decent possibility of becoming the default “NFT blockchain” in the future, assuming it can meet its claimed transaction speed of more than 9,000 tps. The API abstraction layer is a critical component in delivering on this promise.

Every NFT-related interaction, including minting, trading, and transferring, is now a simple API call on Immutable X, thanks to REST APIs. This, according to the business, will be a significant component in drawing new participants, such as major gaming and content companies in the field.

Customers would also not have to switch networks while syncing their wallets. The protocol also contains a “Link” intermediary layer, which enables Immutable X to support a third-party marketplace environment while avoiding security concerns.

Immutable X’s shared global order book, which promotes protocol liquidity, allows NFT markets to be built without a backend. As a consequence, third-party marketplace solutions can coexist with the protocol’s main marketplace. The protocol also hopes that by including this option, it will lower the barriers to entry for content suppliers and smaller developers.

Immutable X is a layer-2 blockchain with no gas fees and the ability for operators to determine their own trade fees. In contrast to previous Ethereum scaling solutions, a 51% assault on Immutable X is impossible since it is not a centralized side chain and benefits from inheriting the Ethereum blockchain’s fundamental security. Immutable X employs zk-rollups, which means that they transact assets on the second-layer blockchain while maintaining transaction validity evidence on the layer-one blockchain, in this instance, Ethereum. Immutable X employs STARK proofs because, unlike SNARKs, they are post-quantum secure and, despite their higher cost, provide stronger user security.

Immutable X picked Ethereum as its first-layer solution because it best represents the notion of trustless, decentralized asset ownership, according to the team. According to the company, Ethereum has always emphasized centralization above short-term scalability enhancements, despite experiencing significant gas cost spikes and network congestion, and so it remains the primary blockchain for NFT projects to develop on.

Analysts Views on ImmutableX (IMX)

A cryptocurrency analyst on Twitter, Ahmed tweeted that IMX price has a chance of reaching to $0.4550 in the ascending channel.

Another analyst with over 1million followers on Twitter, Lark Davis tweeted that his portfolio for bull market includes ImmutableX (IMX). 

A crypto and Defi educator, the Breadmaker also tweeted that he has a long position opening for IMX. 

ImmutableX (IMX) Current Market Status

IMX is ranking in the 39 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of Immutable’s native token is 1,251,798,947 IMX, while its total supply is 2,000,000,000 IMX. 

Moreover, IMX is priced at $1.30, experiencing a 10.33% rise in seven days. With a market cap of $1,631,266,016, IMX also witnessed a 3.73% fall in 24 hours. It was observed that IMX continues to have a huge demand and continues to be in the traders’ spotlight as the trading volume, valued at $124,607,376, recorded a fall of 48.85% in one day.  

Some of the crypto exchanges for trading IMX are currently Binance, OKX, Kraken, KuCoin, Coinbase, and Bitstamp. However, traders should note that over time, IMX could be available across many other crypto exchanges as well.

Now, let’s dive further and discuss the price analysis of Immutable’s native token, IMX, for 2023.

ImmutableX (IMX) Price Analysis 2023

Will IMX’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? Moreover, would the changes in the blockchain industry affect IMX’s sentiment over time? Read more to find out about IMX’s 2023 price analysis.

ImmutableX (IMX) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

The candlesticks are currently moving upward as it continue to trade in the top-half of the region of the Bollinger Bands. Additionally, the candlesticks hitting the upper band are a sign of possible overbought trading activity. During overbought trading activity, traders may expect that price correction to happen soon, which may pull the IMX below its current level. 

ImmutableX (IMX) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon.

The candlesticks moving upward are highly influenced by the large number of buyers entering the market. This statement is further supported by RSI’s movements and values. The RSI is currently valued at 71.81, a value that highlights the overbuying activities of traders. However, the RSI also shows that it is pointed downward, indicating that a huge number of buyers could exit soon and a price correction could happen. 

ImmutableX (IMX) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

The green bars forming on the MACD indicator are a possible sign that the bullish sentiment in the market still exists. Moreover, the MACD continues to stay above the signal line while continuously moving upward. However, traders should note that there is hardly any difference between the signal line and the MACD line. This could mean that a bearish crossover could happen anytime soon.

ImmutableX (IMX) Price Prediction 2023

Looking at the IMX/USDT 1-Day chart, the candlesticks have been moving upwards since October 20. During its bull run, IMX crossed several resistance levels in such a short time. It seems that IMX was one of the altcoins that took advantage of the bull season in 2023 with its three soldiers pattern. After forming long green candlesticks, the wick of a candlestick touched the $1.4117 resistance level. However, the very next day, a red candlestick formed, dropping IMX’s value below the $1.4 level. 

During the formation of green candlesticks, the altcoin did face a few corrections in between. Similarly, the recent formation of the red candlestick could also be part of a tiny correction, and IMX could continue to rise. However, if the correction happens for a long period of time, there may be a chance that the candlestick could drop to a support level.

Meanwhile, the price prediction of IMX for 2023 remains bullish and is expected to reach beyond the level of $2.1612. The bearish price prediction range for IMX is between $0.405 and $0.559. However, if IMX experiences extreme bullish sentiment, then it would reach the $2.4372 level.

ImmutableX (IMX) Price Prediction 2023 – Resistance and Support

During its bull run, IMX has crossed several weak resistance levels and even crossed a major long-term resistance. Moreover, it also formed a peak near its second major long-term resistance level. This point will be crucial, as it could suggest a correction and then a possible bull run once again. If the candlesticks continue to break through several resistance levels, then there may be a chance that these levels could become future support levels.

ImmutableX (IMX) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. IMX could also be affected by Bitcoin halving and could trade beyond the price of $2.874 by the end of 2024.

ImmutableX (IMX) Price Prediction 2025

IMX could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, IMX will continue to rise in 2025, forming new resistance levels. It is expected that IMX will trade beyond the $3.3627 level.

ImmutableX (IMX) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, IMX could tumble into its support region of $3.025. Moreover, when IMX remains in the oversold region, there could be a price correction soon. IMX, by the end of 2026, could be trading beyond the $3.5655 resistance level after experiencing the price correction.

ImmutableX (IMX) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. IMX is expected to rise after its slumber in the bear season. Moreover, IMX could even break more resistance levels as it continues to recover from the bearish run. Therefore, IMX is expected to trade at $3.9282 by the end of 2027.

ImmutableX (IMX) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be another Bitcoin halving. Like many altcoins, IMX will continue to form new higher highs and is expected to move on an upward trajectory. Hence, IMX would be trading at $4.003 after experiencing a massive surge by the end of 2028.

ImmutableX (IMX) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, IMX could be trading at $4.2544 by the end of 2029.

ImmutableX (IMX) Price Prediction 2030

After witnessing a bullish run in the market, IMX and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, IMX could be trading at $4.5637.

ImmutableX (IMX) Price Prediction 2040

The long-term forecast for IMX indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as HODLERS may expect to sell some of their tokens at the ATH point. However, IMX may face a slight fall before starting its upward journey once again. It is expected that the price of IMX could reach $30.036 by 2040.

ImmutableX (IMX) Price Prediction 2050

he community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, IMX could surpass the resistance level of $47.454.

Conclusion

To summarize, if investors continue to show interest in IMX and add these tokens to their portfolio, then it could continue to rise. IMX’s bullish price prediction shows that it could pass beyond the $2.2759 level in 2023. Moreover, IMX could surpass the $47.454. level by the end of 2050. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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