Immutable X is a Layer-2 scaling solution on Ethereum that specializes in NFTs and gaming. It offers instant trade confirmation and near-zero gas fees for minting and trading NFTs.
This article will take a deeper look into the Immutable X project to understand what it is and how it works. We shall also explore the protocol’s native IMX token, predict its lowest and highest market price until 2030, and list exchanges where it can be traded, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is Immutable X and How Does It Work?
Immutable X is a layer-2 scaling solution built for NFTs and gaming on the Ethereum blockchain. The network is focused on the emerging GameFi sector, where it strives to appeal to mainstream gamers through its custom wallet offering that has an integrated credit card payment service.
For game developers, Immutable X offers expert support and simple Application Programming Interfaces (APIs) and Software Development Kits (SDKs) that allow for faster launches of new games.
The blockchain is powered by an engine called Zero-Knowledge Rollup that helps achieve scalability. It can facilitate up to 9,000 transactions per second. Immutable X has a global NFT order book that efficiently enhances NFT liquidity and increases their trading volume. Additionally, NFTs minted on the network can be bought and sold on pretty much any Ethereum-based marketplace.
Immutable X’s scaling technology allows for digital assets to be minted on a second layer that runs parallel to the Ethereum mainnet, not compromising its security.
Some popular games that are currently available on the network are:
- WAGMI
- Undead Blocks
- Planet Quest
- Deviants’ Factions
- Illuvium
- Ember Sword
- Gods Unchained
- Guild of Guardians
What is the Immutable X (IMX) Token?
IMX is the native utility and governance cryptocurrency of the Immutable X network. The ERC-20 standard token is primarily used to pay transaction fees and incentivize users and developers on Immutable X.
Token holders also earn rewards by staking IMX or participating in the protocol’s governance by voting on developmental proposals like protocol upgrades or token allocations.
IMX has a total supply of 2 billion tokens, out of which, 1.507 billion IMX are currently in circulation. Immutable X has a market capitalization of $2.210 billion and attained a trading volume of $86.5 million over the past 24 hours.
Immutable X (IMX) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, IMX is trading at $1.47 – down 5.77% over the last 24 hours. Based on its current valuation, we have projected the minimum, average, and maximum prices at which the token could change hands between 2024 and 2030.
Please note that the figures given below are purely speculative and could change depending on the market performance of IMX tokens and how it impacts the project.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
|---|---|---|---|
| 2024 | $1.32 | $3.08 | $3.23 |
| 2025 | $3.17 | $3.63 | $3.82 |
| 2026 | $4.35 | $4.95 | $5.35 |
| 2027 | $5.68 | $6.37 | $6.51 |
| 2028 | $7.00 | $7.81 | $8.07 |
| 2029 | $9.96 | $10.62 | $10.99 |
| 2030 | $14.37 | $15.24 | $15.47 |
Where to Buy Immutable X (IMX) Tokens From?
IMX tokens can be purchased and traded on the following cryptocurrency exchanges:
- Binance
- Uniswap V3 (Ethereum)
- Coinbase
- OKX
- Bybit
- Upbit
- Kraken
- Gate.io
- HTX
Is Immutable X a Credible Cryptocurrency Investment?
Immutable X is a layer-2 scaling blockchain running on top of the Ethereum network. The decentralized ecosystem is designed specifically for gaming and NFTs. Immutable X uses a zero-knowledge roll-up technology to power its network, which facilitates up to 9,000 transactions per second.
The protocol is a mainstay within the GameFi market and has already introduced several popular game titles, such as Illuvium, WAGMI, and Gods Unchained. All things considered, I would recommend Immutable X as a long-term cryptocurrency investment.
However, as is the case with every cryptocurrency, IMX is also prone to extreme price dynamics in the crypto market. Therefore, you must do thorough research before making any investment decision regarding Immutable X or its IMX token.
Read more: Velodrome Finance(VELO) Price Prediction 2024 – 2030, Where to buy, Is it a good investment?
