Immutable X (IMX) has been at the center of various discussions and scenarios in the cryptocurrency market. While some predict struggles for its price, it has also revealed signs of bullish turns. An increase of 15% followed the SEC ending its probe into Immutable, with volume also growing massively and contributing to the bullish vibe. However, amidst this, the coin also suffered from panic selling causing a price crash. Despite this, whale activity seems to contribute to boosting IMX, with observable momentum in BCH, CRV, and IMX. IMX token has shown a significant climb within two weeks, raising questions about its potential to break a 3-month barrier and generate massive profits. Yet, looming unlock of IMX tokens implies possible downward pressure. A mix sentiment also follows the release of Wells Notice by the SEC to Immutable. Despite the controversies, IMX shows promising signs of future value appreciation, thanks to its role in the booming NFT market. Meanwhile, the crypto market records mixed results for various tokens, including IMX. The IMX price’s downward movement has accelerated due to the issue of Wells Notice and token unlock pressure. However, with enough support zone, the price might rise. Despite growing concerns, Immutable remains dedicated to fighting for their cause. Their newly announced staking scheme may add a positive outlook despite the downturn. Clearly, the future of IMX is full of potential and of crucial interest to investors.
IMX Coin News Analytics from Thu, 22 Jul 2021 13:32:39 GMT to Sat, 02 Aug 2025 07:00:00 GMT -
Rating 5
- Innovation 5
- Information 6
- Rumor -4
