Immutable X Price Prediction 2025 – When will IMX hit $10?
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Despite NFT industry challenges, Immutable X's IMX/USD price has recovered and is near its 2023 peak. In the current week, IMX price today is 60% higher, which is a significant recovery compared to other weeks.
Immutable X is a popular layer-2 blockchain platform for gaming and NFTs, which is sensitive to industry swings. The massive drop in 2022 clearly defines how strongly this instrument is correlated with the NFT industry.
The NFT industry is struggling. One of the signs that came from this week's Meta Platforms exit was a major setback. As previously reported, Meta collaborated with Polygon and Flow to sell NFTs on its popular social media platforms. Many other mainstream corporations have failed in NFT. GameStop's partnership with Loopring and Immutable X is uncertain.
Notwithstanding these limitations, IMX is rising for two reasons. First, Immutable X said it has no SVB or Signature exposure. Instead, it has A$280 million in cash, mostly in US dollars. Second, the corporation teased its biggest token upgrade. Four improvements that developers hope will transform the ecosystem will be added in five days.
Should you invest in the Immutable X token (IMX)?
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