IMX Price Soars: 18.07% Rise Predicted, Can It Sustain Momentum?

Alisha Deo

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• ImmutableX (IMX) has seen a 17.67% price increase in the past seven days, outpacing the global crypto market which saw only a 3.12% increase.
• This is largely attributed to the launch of Immutable Passport on February 1, 2023 – an all-in-one wallet and authentication solution designed for new users.
• The 24-hour trading volume for IMX has risen to $55,163,107 and its current price is 91.5% lower than its all-time high of $9.52.

ImmutableX Price Prediction

In the past seven days, ImmutableX (IMX) has demonstrated impressive growth, with a price increase of 17.67% at the time of writing. This places IMX ahead of the global cryptocurrency market, which has only seen a 3.12% increase.

Launch Of Immutable Passport

One of the most notable developments driving IMX’s growth is the launch of Immutable Passport on February 1st 2023 – an all-in-one wallet and authentication solution designed to make it easier for new users to access Web3 marketplaces and games.

Fundamental Analysis Of IMX

Notably, Immutable X (IMX) has seen a significant change in its value over the past year, with its all-time low price reaching $0.378055 on December 31st 2022 . Currently ,the price of IMX is 114.2 % higher than its all -time low .Additionally ,the 24 -hour trading volume of Immutable X (IMX) has risen to $ 55 , 163 , 107 ,a 68 . 14 % increase from the previous day ,indicating heightened market activity . However ,the IMx price has a long journey ahead as its all -time high price ,recorded on November 26th 2021 still lingers at $ 9 . 52 . Comparatively ,the current price of IMx is 91 . 5 % lower than its all -time high.

Growing Popularity Of Web3

With the growing popularity of Web3 now might be the perfect time to invest in IMx .It is expected that this new project will propel the price of IMx to new highs.

Conclusion
< p > With several exciting projects underway and increased interest in decentralized technologies such as Web3, now seems like an ideal time to invest in IMx . It’s clear that there’s potential for continued growth as more people explore blockchain technology and look for ways to get involved.

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