In this article, we aim to provide a comprehensive prediction of the Immutable (IMX) price, offering valuable insights for potential investors and crypto enthusiasts alike.
We will leverage a combination of both quantitative and qualitative analysis, assessing historical data, market trends, and the overall crypto landscape.
For instance, we will consider factors such as the coin’s historical performance, the technology behind the IMX platform, and the potential impact of market events.
We will also delve into the role of supply and demand dynamics and the influence of broader economic factors on the IMX price.
Immutable (IMX) Fundamental Analysis
| Project Name | Immutable |
| Symbol | IMX |
| Current Price | $ 0.423676 |
| Price Change (24h) | -4.42% |
| Market Cap | $ 790.74 M |
| Volume (24h) | $ 17,926,209 |
| Current Supply | 1,866,386,427 |
Immutable (IMX) is currently trading at $ 0.423676 and has a market capitalization of $ 790.74 M.
Over the last 24 hours, the price of Immutable has changed by -4.42%, positioning it 80 in the ranking among all cryptocurrencies with a daily volume of $ 17,926,209.
Immutable (IMX) Long-Term Price Prediction
| Year | Lowest Price | Average Price | Highest Price |
|---|---|---|---|
| 2025 | $32.80 | $42.35 | $50.97 |
| 2026 | $52.15 | $70.40 | $89.10 |
| 2027 | $40.35 | $49.05 | $57.80 |
| 2028 | $35.25 | $41.10 | $46.75 |
| 2029 | $60.52 | $90.85 | $100.89 |
| 2030 | $101.05 | $140.2 | $170.59 |
Immutable Price Prediction 2025
Our highly optimistic scenario predicts that by 2025, the lowest price of IMX could reach $32.80, with an average price of $42.35, and a high of $50.97.
This growth is likely to be fueled by the anticipated increasing adoption and regulation of cryptocurrency assets, popularity of Immutable due to its technology and partnerships, and overall bullish market trends.
Immutable Price Prediction 2026
The upcoming growth year of 2026 sees the lowest price rise to $52.15, an average of $70.40, reaching a high-point of $89.10.
The trend reflects the general bullish sentiment within the crypto market and the increased usage of Immutable’s platform.
Immutable Price Prediction 2027
2027 is perceived as a correction year. Thus, the prices, while lower than the previous year, are still significant. We predict a low of $40.35, an average of $49.05, and high at $57.80.
Regulatory changes, market stabilization efforts, and possible profit-taking activities might be the reasons behind this scenario.
Immutable Price Prediction 2028
Moving into 2028, another year of correction sees the lowest prices at $35.25, with a likely average of $41.10, and a high of $46.75.
This dip can be attributed to market corrections after a period of steep growth.
Immutable Price Prediction 2029
In 2029, as market stability returns, the lowest price bounces back to $60.52. The average price is expected to be $90.85 with the highest quote touching $100.89.
This increase might be a reflection of reclaimed investor confidence, renewal of economic optimism, and continued technological evolution.
Immutable Price Prediction 2030
By 2030, IMX could reach a lowest price of $101.05, with a significant average increase to $140.2, hitting a high of $170.59.
This prediction hangs on the anticipation that by this point, widespread global adoption of cryptocurrency will be commonplace, driving demand and prices up.
Immutable (IMX) Technical Analysis
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Technical Analysis is a trading discipline emloyed to evaluate investements and identify trading opportunities by analysing statistical trends gathered from trading activity, such as price movement and volume.
It is a crucial tool when predicting Immutable price for its ability to help investors view patterns in price movements, predict future price directions and formulate investment strategies.
The basis of Technical Analysis lies on the concept that past trading behavior and price patterns have a very strong likelihood to repeat in the future.
- Trend Lines: This is a fundamental tool in Technical Analysis. Trend lines are straight lines that connect each successive rising bottom to show uptrend or each consecutive declining top to indicate a downtrend. These lines help to understand the direction of the price movement of a security.
- Moving Averages: A moving average is an average of the cryptocurrency’s price over a certain period which helps to smooth out price fluctuations and identify the underlying trend. It helps to identify the change in price direction.
- Relative Strength Index (RSI): RSI is a momentum indicator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Immutable Price Predictions FAQs
What is Immutable?
Immutable (IMX) is a protocol for decentralized trading of NFTs (non-fungible tokens) on the Ethereum blockchain. The protocol is designed to provide a scalable and efficient infrastructure for NFT trading and it leverages the Layer-2 scalability solution of the Ethereum blockchain to offer zero gas fees for transactions.
How are Immutable price predictions made?
Immutable price predictions are usually made by applying Technical Analysis where historical price data and trading volumes are analyzed to identify patterns. These patterns then form the basis of predicting future price movements. However, other factors like market sentiment, news events, and overall economic environment are also considered.
How reliable are Immutable price predictions?
While Immutable price predictions provide a good ballpark estimate of where the price could potentially go, they should not be fully relied upon due to the highly volatile nature of cryptocurrency markets. Both internal factors (like technological advancements, governance, etc.) and external factors (such as regulatory news, market sentiments, etc.) can have a significant impact on the price.
Can Immutable (IMX) price reach new highs in the future?
Whether Immutable (IMX) will reach new highs in the future is ambiguous and cannot be accurately predicted. It depends on a variety of factors including demand and usage of NFTs, market sentiment, technological progression, and wider cryptocurrency market trends. Thus, it is recommended that investors conduct extensive research and/or consult with a financial advisor.
