Immutable Price Prediction
(IMXUSD)$1.58$1.57 (10.19%)Market Stats and Forecasts
Immutable Description
IMX is the native token of Immutable X. This is a layer-2 scaling solution for NFTs on the Ethereum blockchain. It addresses the issues of slow transaction speeds. Immutable X uses a scaling technology known as zk-rollups. This helps IMX to achieve instant and low-cost NFT trading. This makes it attractive to NFT marketplaces and games built on Ethereum. The play-to-earn gaming sector is rapidly growing, and Immutable X positions itself as a critical infrastructure provider for these games.
Increased adoption of NFT gaming could significantly boost the demand for IMX. NFTs proliferate in different sectors like ticketing, gaming, and digital art. Immutable X offers a scaling solution independently. Other layer-2 scaling solutions depend on market share. IMX token holders can participate in the IMX DAO to vote on proposals. This influences the platform's direction. This fosters a sense of ownership and community involvement.
Immutable X uses a centralized user-fund custodian focusing on transaction speed and ease of use. Immutable passport is developed by Immutable X. This simplifies user onboarding and streamlines wallet management. Immutable X focuses on becoming a carbon-neutral network. This attracts crypto investors who are conscious of the environment and want to invest in this space. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Immutable, Our analysis, guided by the machine learning experts, yields forecasts for Immutable price trajectory up to 2024. With a comprehensive understanding of Immutable historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 1 and an error value of 0.24%.
For the year 2024, our analysis indicates a projected yearly low of $2.12, with the high anticipated to reach $3.49. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 1.57 | 1.62 | 1.66 | 5.58 |
| 2024-07-02 | 1.55 | 1.58 | 1.63 | 4.42 |
| 2024-07-03 | 1.53 | 1.56 | 1.6 | 3.27 |
| 2024-07-04 | 1.53 | 1.58 | 1.63 | 4.41 |
| 2024-07-05 | 1.58 | 1.63 | 1.68 | 5.56 |
| 2024-07-06 | 1.58 | 1.61 | 1.66 | 5.56 |
| 2024-07-07 | 1.57 | 1.62 | 1.68 | 5.56 |
| 2024-07-08 | 1.6 | 1.65 | 1.72 | 7.88 |
| 2024-07-09 | 1.64 | 1.67 | 1.7 | 9.07 |
| 2024-07-10 | 1.65 | 1.7 | 1.77 | 11.47 |
| 2024-07-11 | 1.64 | 1.69 | 1.74 | 10.24 |
| 2024-07-12 | 1.6 | 1.65 | 1.7 | 9.03 |
| 2024-07-13 | 1.67 | 1.71 | 1.76 | 11.43 |
| 2024-07-14 | 1.69 | 1.73 | 1.76 | 13.88 |
| 2024-07-15 | 1.75 | 1.79 | 1.82 | 16.38 |
| 2024-07-16 | 1.73 | 1.77 | 1.8 | 16.38 |
| 2024-07-17 | 1.75 | 1.79 | 1.84 | 17.66 |
| 2024-07-18 | 1.73 | 1.78 | 1.83 | 16.37 |
| 2024-07-19 | 1.69 | 1.74 | 1.81 | 15.09 |
| 2024-07-20 | 1.73 | 1.78 | 1.83 | 15.09 |
| 2024-07-21 | 1.73 | 1.79 | 1.85 | 17.62 |
| 2024-07-22 | 1.78 | 1.8 | 1.84 | 18.92 |
| 2024-07-23 | 1.77 | 1.83 | 1.88 | 20.22 |
| 2024-07-24 | 1.84 | 1.9 | 1.96 | 22.87 |
| 2024-07-25 | 1.82 | 1.88 | 1.94 | 24.22 |
Immutable Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Immutable is forecasted to achieve its peak value in 2025 at approximately $5.37, while potentially dipping to a low of $2.68. The average trading value during this period is projected to hover around $4.78.Immutable Price Prediction 2026
In 2026, Immutable is anticipated to potentially reach its peak value of $7.45, with a possible lower value of $4.06. The average trading value for this period is estimated to be approximately $6.61.Immutable Price Prediction 2027
As we look ahead to 2027, the trajectory of the Immutable coin may offer investors unexpected turns. Projections suggest peaks hitting $11.15 and lows stabilizing around $5.53, with an average trading value resting near $10.03.Immutable Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Immutable coin. Projections point towards a maximum value of $17.28, a minimum of $8.63, and an average value of approximately $15.36.Immutable Price Prediction 2029
Our market analysis indicates optimistic prospects for the Immutable crypto in 2029, with projected peaks at $28.13 and floors at $13.16. Moreover, the average trading value of this coin is anticipated to hover around $24.78.Immutable Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Immutable token. Projections indicate highs near $39.31, potential lows around $21.88, with an average value of about $35.56.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $1.74 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 0.6765, indicating a Fall market stance. Overall, while the long-term forecast is Strong Buy.
About imx
Immutable Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Strong Buy
The Immutable is predicted to surge by 7.59% to $1.67 by Jul 09, 2024, though current indicators show a Bullish sentiment with 11 out of 30(37%) green days and a notable -27.61% price volatility over the past month.