Currency Overview
Currency Project
Name: Immutable X (IMX)
Description: Immutable X is a Layer-2 platform on Ethereum, designed to enhance the experience of non-fungible tokens (NFTs). It aims to solve scalability issues, user experience, and high costs on the Ethereum network.
Technology: Utilizes Zero-Knowledge Rollups (ZK-Rollups) to provide instant transactions, zero gas fees, and trading of up to 9000 transactions per second while maintaining Ethereum's security.
Currency Website
Official website: Immutable X (IMX)
White paper: Available on the official website, detailing the platform's mechanism, token uses, and distribution.
Offer Details
Total Number of Tokens
Total Supply: 2,000,000,000 IMX.
Max Supply: 2,000,000,000 IMX.
Circulating Supply
Circulating Supply: 1,866,386,427 IMX (approximately 93% of total).
Owner Distribution
Token Distribution:
Ecosystem Development: 51.74% (user rewards, grants, liquidity, marketing).
Project Development: 25%.
Private Sale: 14.26% (locked for one year, released monthly over two years).
Public Sale: 5% (open after 6 months).
Foundation: 4% (development initiatives, locked for one year, released over 4 years).
Ownership Concentration: As of April 3, 2025, one wallet held approximately 38.92% of the supply, and 5 wallets collectively held about 65% of the tokens, indicating relatively high ownership concentration.
Project Evaluation
Project Strength
Pros:
A leading project in the NFT space with a focus on gaming and user experience.
Strong partnerships, such as the game Gods Unchained, leveraging Immutable technology.
The use of ZK-Rollups makes it cost-effective and environmentally friendly.
Cons:
High ownership concentration may affect decentralization.
The NFT market experienced significant volatility in 2022, which may impact confidence.
Evaluation: The project is strong and not a scam, but it faces market and distribution challenges. It is considered a potential investment for NFT and gaming enthusiasts, but requires further research before investing.
Financial Performance
Current Price
Price: $0.4252 USD (updated as of July 10, 2025).
Market Cap: $793,495,422 USD.
24-hour Trading Volume: $22,578,836 USD.
All-Time High: $9.50 (November 26, 2021).
All-Time Low: $0.352786 (April 7, 2025).
Supports and Resistances
Support:
$0.35 (All-time low, considered strong support).
$0.40 (Psychological level recently tested).
Resistances:
$0.81 (Major resistance area, could lead to profit-taking if broken).
$1.17 (Previous level that saw strong resistance).
Notes: The price is currently in a long-term downtrend, with expectations of ongoing volatility.
Summary
Immutable X (IMX) is a promising coin in the NFT and gaming space, with advanced technology that addresses Ethereum's problems. Despite the project's strength, ownership concentration and market volatility should be considered. Investors are advised to review the white paper and follow market news before making investment decisions.
Stay tuned for the analysis of the coin and the best entry areas and targets in the next article.
