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- 1 Immutable price prediction showcases that the price may advance to a high of $5.97 by the end of 2027.
- 2 Immutable price surged 3.50% in the past 24 hours and currently trades at $1.40.
- 3 The technical indicators imply a neutral to bullish outlook above the 50-day EMA.
Immutable (IMX) is a cryptocurrency project that focuses on creating and scaling NFTs on Ethereum. NFTs are non-fungible tokens, which are unique digital assets that can represent anything from art, games, and music, to collectibles.
It uses a layer-two scaling solution called Immutable X, which is based on a technology called zk-rollups. This technology allows it to process thousands of transactions per second while eliminating gas fees and maintaining the security and decentralization of Ethereum.
The price of Immutable crypto rose by 3.5% in the last day and is currently trading at $1.40. IMX price has been on a steady uptrend with some minor corrections along the way. The price has increased by more than 106% in the last month.
The trend analysis shows that the price persisted in a bearish trend until it was maintained below the 200-day EMA.
The breakout above the 200-day EMA witnessed a strong bullish rally which took the IMX price from a low of $0.70 to a high of $1.45 in a very short duration.
Immutable Price Prediction 2023
The volume analysis elaborates that it has a 24-hour trading volume of $99.404 Million with a rise of 56.54% as compared to the last day. The live market cap of Immutable is $1.803 Million and it ranks 37th among the top cryptos. The volume-to-market cap ratio is 5.82% indicating low volatility in the market.
According to our analysts, the price of IMX crypto could reach up to $1.58 by the end of the year, while others predict that it could fall to $1.08.
Immutable Price Prediction 2024
As per the analysts, the most optimistic target that the IMX price may achieve is $2.27, indicating an upside potential of 62.07% from the CMP. The average analyst price target is $1.85 by the end of 2024. However, the pessimistic view of analysts estimated the price to reach $1.70.
Immutable Price Prediction 2025
The most optimistic analyst forecast for Immutable crypto expects the price to reach a high of $2.94 with a potential gain of 110.31% from the CMP. The minimum forecasted price by the end of 2026 is $2.27.
Immutable Price Prediction 2026
The IMX price may reach a high of $4.15 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $3.14 by 2026.
Immutable Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates a price target of $5.97. The minimum price that Immutable may reach by 2027 is $4.10.
Immutable Price Prediction 2028
On an optimistic note, the Immutable price may advance to a high of $8.201 in the next five years. The minimum price target that the IMX crypto may achieve is $5.6.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
