The US Securities and Exchange Commission (SEC) has issued a Wells Notice to Immutable, an Ethereum-based gaming company, threatening a lawsuit over its
IMX token sales. Regardless, whales are accumulating IMX among other Ethereum-based coins such as RBLK and AAVE. The IMX token continues to experience market fluctuations; it surged amidst a BDAG's bonus stimulation and then plunged 8% despite record-breaking growth. Despite the market's volatility, IMX is favored to outperform the market due to strong predictions supporting its potential to rise considerably if specific price zones hold as support. Meanwhile,
token unlocks are causing price expectations to wobble for several cryptos including IMX. Immutable X is set to compete with ApeCoin upon their token unlocks, with the IMX price expected to
outperform APE. Experts predict a bullish reversal after the IMX price rose by 7%, despite a significant outflow causing another price war. IMX's current situation reveals struggle ahead but a possible leap before 2025 as the volume rises by 300%. Other key developments involving IMX include the unwavering interest in the altcoin market and the surge in its value after VanEck's assertion of new video games boost co-led by IMX. However, there is an imminent threat of a bears' market scenario. This is attributed to IMX's high price volatility due to massive tokens unlocking looming, and IMX's sensitivity to Bitcoin and Ethereum's market performance. Despite these challenges, the IMX token promises to defy the odds.
IMX Coin News Analytics from Thu, 22 Jul 2021 13:32:39 GMT to Wed, 06 Nov 2024 17:00:25 GMT -
Rating 5
- Innovation 7
- Information 4
- Rumor -2
