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IMX

Immutable X (IMX) Price Index

$ 3.38 Ƀ 0.00005367
  • MarketCap
    $ 4,695,059,088
  • Volume
    $ 156,983,785
  • Change
    -0.48%
immutable-xImmutable
$ 3.38
$ 3.38
0.48%
3,12
IMX
Immutable X (IMX)
$ 3.38
IMX
Immutable X (IMX)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 08, 2023 | 3 min
Updated on Dec 28, 2023

Overview: What is Immutable X (IMX)?

Immutable X is a layer-2 scaling solution for Ethereum. It has emerged as a major player in the cryptocurrency space, particularly in the worlds of non-fungible tokens (NFTs) and blockchain gaming. Immutable X has an innovative approach to NFT transactions, offering environmentally friendly solutions that are pivotal in the current digital asset landscape. It aims to provide the benefits of blockchain technology, such as security and decentralization, without the typical limitations like high transaction fees and scalability issues. The native token of this platform is IMX, which plays a vital role in the ecosystem.

 

What Makes Immutable X Unique?

Immutable X stands out due to its zero-knowledge proof-based technology, which enables high-speed and gas-free transactions. It’s primarily focused on the gaming industry and NFT sector, offering a platform where users can create, trade, and manage NFTs efficiently and sustainably.

 

What Is Immutable X (IMX) Used for?

IMX, the native token of Immutable X, has a variety of purposes. Firstly, IMX can be used to pay transaction fees. While users enjoy gas-free transactions, developers pay fees in IMX. Also, IMX holders can participate in platform governance, voting on decisions relating to the Immutable X ecosystem. Another function of the token is for staking, which enables IMX holders to earn rewards and contribute to network security.

 

How Does Immutable X Work?

Immutable X operates on top of Ethereum, leveraging layer-2 technology for scalability. It uses a rollup technology called zk-rollups. This enables multiple transactions to be bundled off-chain before recording them on the Ethereum blockchain, significantly reducing gas fees and boosting transaction speed.

 

How Is the Immutable X (IMX) Price Determined?

The price of IMX, like other cryptocurrencies, is driven by market supply and demand dynamics. Factors influencing this include the adoption rate of Immutable X, its performance in the NFT and gaming sectors, overall market sentiment, and macroeconomic factors affecting the broader crypto industry.

 

What Is the Immutable X Coin Price Prediction for 2030?

Forecasting the long-term price of digital assets like IMX is highly speculative, considering the volatile nature of the cryptocurrency market. However, the growth potential of IMX largely depends on the wider adoption of NFTs and blockchain in gaming, as well as the continued development and success of Immutable X. Analyst projections for 2030 range from $2 to $23, although most analysts forecast a 2030 price of around $8.

 

How Is Immutable X (IMX) Secured?

Immutable X inherits Ethereum’s robust security mechanisms while adding its own layer of security through zk-rollups. Regular security audits and compliance with industry standards further ensure the security of the platform and safeguard its users.

 

Where Can You Buy Immutable X?

IMX can be bought on various cryptocurrency exchanges, including major exchanges like Binance, Coinbase, and KuCoin. Always make sure to purchase cryptocurrencies reputable platforms and practice safe trading procedures.

 

How Can You Store Immutable X?

IMX, being an ERC-20 token, can be stored in any Ethereum-compatible wallet. Options range from hardware wallets like Ledger or Trezor, to software wallets like MetaMask.

 

FAQs

Is IMX crypto a good investment?

Whether IMX is a good investment or not depends on your risk tolerance and belief in the future of NFTs and gaming on blockchain. As with any investment, it’s important to conduct thorough research and consider market trends.

 

What is the future of IMX coin?

The future of IMX heavily depends on the adoption and growth of the NFT market, particularly in gaming, and the overall performance and scalability of the Immutable X platform.

 

Who invested in Immutable X?

Immutable X has attracted investments from various venture capital firms and investors, particularly those interested in blockchain and gaming sectors.

 

What is the all-time high for IMX coin?

The all-time high of IMX can be checked on financial websites or cryptocurrency data platforms, as it fluctuates in line with market conditions.

 

Why should you use Immutable X?

Using Immutable X is beneficial for gas-free, fast, and secure NFT transactions, especially for users and developers in the gaming and digital collectibles space.

 

Is immutable built on Ethereum?

Yes, Immutable X is built on Ethereum, leveraging its security and decentralization while providing a layer-2 solution for scalability and efficiency.

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author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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