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- 1 Immutable X is powered by StarkWare’s zero-knowledge-proof technology.
- 2 The IMX price has caught the market’s attention after experiencing a 54% increase in just one month.
Immutable X is a popular Layer 2 scaling solution for Ethereum-based NFT projects. The revolutionary interface of Immutable X allows users to mint and trade digital collectables seamlessly.
Features and Benefits of Immutable X
Some benefits of using this platform include zero gas fees, carbon neutrality, the ability to process up to 9000 transactions per second (TPS), and instant access to trades, games, and applications without compromise.
The team behind Immutable X is constantly working to achieve the target of 9000 TPS, which is one of the most important goals of the crypto portal. The speed is all that matters when transacting crypto.
Immutable X is powered by StarkWare’s zero-knowledge-proof technology called Starkey. This platform provides game developers and all NFT creators with unmatched throughput at zero gas rates for trading and mining NFTs in a carbon-neutral environment. The robust suite of unprecedented trading tools allows creators to design in-game assets for a better experience.
Why is Immutable X Favored by NFT traders?
Immutable X is an excellent choice for NFT lovers when it comes to trading. The platform ensures high-end security and transparency while catering to user requirements. With the portal’s powerful infrastructure tools and services, users can assemble and grow their NFT business in just a few hours.
Immutable X has a well-structured decentralized ecosystem that ensures the trade security of NFT projects. Users can effortlessly create and exchange ERC-721 and ERC-20 tokens at comparatively lower fees without compromising the safety of their assets.
The platform helps NFT developers create digital assets in a simple yet impactful way and is almost completely tradable via the API.
Immutable X’s native NFT, IMX, fuels its entire trading channel. It is growing as a potent solution for blockchain gaming projects as it offers easy adaptability for users. The project provides a greater investment return rate than some of the top-tier crypto coins in the market, making IMX a good option for traders, considering the recent hype in the NFT sector.
IMX Price Showed a Bullish Trend Over the Past Month
The IMX price has caught the market’s attention after experiencing a 54% price increase in just one month. This sudden surge was triggered by the ongoing bullish market momentum, during which several projects have seen significant price increases. Immutable X is leading the bull rally with its returns.
Immutable X is currently trading at $3.19 and has decreased in value by 1.08% in the last 24 hours. After its recent price increases, Immutable X’s daily trading activity has increased by more than $200 million as thousands of investors flock to the altcoin.
Experts predict that if its growth continues, Immutable X could pass $4, and if it pushes past this resistance, the platform could surge more, passing $3.50 in the process.
Conclusion
Immutable X is an Ethereum-based platform for NFT projects. Its native token, IMX, is used for trading. Immutable X uses StarkWare’s Starkey technology for zero-gas-rate trading and mining of NFTs. It offers a suite of trading tools for creators to design in-game assets and is leading the bull rally with its returns. IMX price surged by 54% in one month due to the ongoing bullish market momentum.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading stocks comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
