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IMX token: +432% within 3 months

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Immutable's IMX Token Rises Amid Market Downturn

According to Decrypt, while most major cryptocurrencies and gaming tokens experienced a downturn, Immutable's IMX token continued its recent rise. Over the last 24 hours, the broader market fell by about 5%, but IMX climbed 10% to a current price of $2.00. Immutable is an Ethereum gaming platform based on the Immutable X scaling network and the upcoming Immutable zkEVM network powered by Polygon zkEVM. In the last week, IMX has risen by 41%, resulting in an 83% increase in the last 30 days.

Following recent collaboration announcements with Amazon and game publisher Ubisoft, IMX may have received a boost from investment firm VanEck's report on crypto predictions for 2024. VanEck suggested that IMX could become a top 25 coin by market cap, currently at #31, alongside the release of upcoming games like Illuvium and Guild of Guardians. Immutable also announced a new collaboration with payments processor Transak to make it the primary payments partner for Immutable Checkout on the zkEVM network. The only other gaming token on the rise today in the top 200 cryptocurrencies by market cap is Echelon Prime (PRIME), the token of the NFT trading card game Parallel, which is up 12% over the past 24 hours to a current price of just under $8.00.

sources: Tradingview and Binance


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