⇗ Weekly Coverage: IMX Coin Navigates a Mixed Operational Landscape

Immutable X (IMX), an Ethereum layer-2 scaling solution for NFTs, has seen a myriad of headlines highlighting its setbacks, growth, and possibilities. Projections for 2025 depict struggles with the price, but also attempts to break it from neckline. IMX attracted attention with a 15% surge after the SEC concluded its investigation. However, it also faced a potential lawsuit over token sales from the same regulatory body. Among notable achievements, IMX led token unlocks worth $513 million alongside Worldcoin. While one expert believed that IMX won't return to $2, it managed to become one of the top coins desired for investment in 2025 according to others. Interestingly, the appeal of IMX for NFT use was put into question as 1Fuel gained market attention. As major holders of IMX tokens experienced losses, questions arose about the profitability of holding IMX. Despite this, it was included in lists of best coins to buy for potential major gains and significant advancements in NFT scalability. Predictions suggested IMX could surge and outperform even in the face of the SEC lawsuit, and speculation pointed to 70% growth if it held a certain zone as support. All in all, IMX demonstrated mixed trends with potential lawsuits, token unlocks, and fluctuations in price.

IMX Coin News Analytics from Thu, 22 Jul 2021 13:32:39 GMT to Thu, 03 Apr 2025 13:32:37 GMT - Rating 5 - Innovation 6 - Information 7 - Rumor -5