Immutable X (IMX) Price Prediction

In 2021, non-fungible tokens (NFTs) became very popular among crypto enthusiasts and investors. The rapid rise of these digital assets gave the crypto world a significant boost. However, some problems with NFTs arose, prompting the search for innovative solutions. One of the most notorious problems was the slowness of the Ethereum blockchain, the most popular platform for NFT-related operations. Even though Ethereum significantly increased its speed with the change from proof-of-work (PoW) to proof-of-stake (PoS) in September 2022, many operations remained time-consuming and expensive.

Immutable X was one of the several platforms created to tackle the above problem. In principle, the Immutable X platform takes transactions off Ethereum to complete them on its own network and then puts them back on the Ethereum blockchain. This approach is commonly referred to as a layer-2 scaling solution.

Immutable X claims to be the first layer-2 scaling solution for NFTs on Ethereum. Reportedly, this platform solves several problems of the Ethereum blockchain, such as low scalability, poor user experience, lack of liquidity, etc. As a result, users enjoy instant trading and enormous scalability with zero gas fees for minting and trading NFTs without compromising security. Because of these futures, Immutable X could become the default “NFT blockchain” in a few years, provided it achieves its promised speed of 9,000 transactions per second (tps).

Users can pay fees on the Immutable X platform with the IMX token. Holders can also vote on changes and improvements to the Immutable X network and stake their tokens to earn rewards. The IMX token can also be bought, sold, and swapped on crypto exchanges. So, how convenient is it to hold IMX tokens as an investment? We answer this and similar questions in the following Immutable X price prediction for the next few years.

Immutable X (IMX) Overview

As of January 16, 2024, the IMX token was the 36th most valuable cryptocurrency by market capitalization, according to CoinMarketCap. The table below summarizes other relevant data for the same date.

Immutable X (IMX) Price History

The IMX token started trading on November 5, 2021, at about $5.2. Three days later, the IMX price dropped to $3.1. However, this token price skyrocketed in the following days, reaching its all-time high on November 25 at $9.5. After such an impressive hike, the price sharply dropped, closing 2021 at approximately $4.9.

The IMX price dropped further in 2022. On March 6 of that year, IMX traded at less than $1.2. There were several ups and downs throughout 2022, but IMX's general trend was bearish. This token closed 2022 at less than $0.4. There were signs of recovery in the first months of 2023, with the IMX price reaching $1.5 on March 17. However, the IMX price continued to drop in the following months. In mid-September 2023, the IMX price fluctuated around $0.5. In November of that year, the IMX price increased, reaching about $2.5 on December 27. As of January 16, 2024, the IMX price was approximately $2.1.

Immutable X (IMX) Price Prediction for 2024-2031

Immutable X (IMX) Price Prediction for 2024

According to AMBCrypto, the IMX token will trade at an average of $1.8 in 2024, reaching a maximum of $2.1. Considering the current IMX price is $2.1, AMBCrypto predicts no growth for this token in 2024. In contrast, DigitalCoinPrice forecasts an average price of $4.3 in 2024, with a possible maximum of $4.55. If you invest in IMX at the current $2.1 per token price, your investment could grow by +116% this year.

Immutable X (IMX) Price Prediction for 2025

In 2025, the IMX price will continue to expand. AMBCrypto expects IMX to trade at an average of $2, with a maximum of $2.4. DigitalCoinPrice is more optimistic, with an average price of $5.1 and a maximum of $5.3. Hence, an IMX investment at the current $2.1 per token could increase its worth by 152% in 2025.

Immutable X (IMX) Price Prediction for 2026

AMBCrypto predicts the average IMX price in 2026 will be $2.2 and a maximum of $2.7. DigitalCoinPrice is significantly more optimistic, indicating an average price of $7.3 and a maximum of $7.4. In such a case, an IMX investment at the current trading price of $2.1 could increase its value by +252%

Immutable X (IMX) Price Prediction for 2031

The IMX price will continue to expand in the long run, although predictions about how significant the growth will be differ significantly. AMBCrypto expects IMX to trade at an average of $4.2 in 2031, with a potential maximum of $5. In contrast, DigitalCoinPrice predicts an average IMX price of $21.1 in 2031, with a possible maximum of $21.5. If correct, an IMX investment at the current $2.1 per token could grow by +923% by 2031.

Conclusion

Immutable X is a promising scaling solution for NFT minting and trading on the Ethereum blockchain. Some experts think it can even become the default “NFT blockchain” in the future. However, its native token, IMX, has not performed well in the last two years. Although price predictions indicate the token will likely recover in the coming years, you should invest cautiously in this crypto asset.

FAQs

Is Immutable X (IMX) a Good Investment?

According to price predictions, IMX could be a fair long-term investment.

How High Can Immutable X (IMX) Go?

According to DigitalCoinPrice, IMX could trade at a maximum of $40.3 in 2033. In the distant future, PricePrediction expects IMX to reach a maximum of $391 in 2040 and $578.3 in 2050.

Where Can I Buy the IMX Token?

Several exchanges list the IMX token for trading, including LetsExchange.io.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.