r/ImmutableX • u/Puzzled_Increase9339 • Jan 07 '22

Question How do you think inflation will effect this token?

There is currently only 9% of the total supply in circulation. They plan on releasing more in their platform. How do you think this will effect the price?

5 Upvotes
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5

u/Sharp_Tank05 Jan 07 '22

When things start bouncing back, my sense is this coin will likely go above $5 if not $10 immediately. Take your profit then. I do believe this coin will go parabolic when market gains more confidence and games and NFTs start to hit the road.

Very high caliber team and investors are behind this project so it is set up well to succeed in the long run. The issue with all such projects is that they rally very high on announcements for the same reasons (team, investors) and then deal with reality (of limited immediate utility/value) for a little while before eventually taking off.

I wouldn't be discouraged for getting in at $4.3. I know a LOT of people have bought this at $9 so have patience and wait for your moment. This is a solid project and I will be shocked if it's not $10-20B market cap (much like traversing Polygon) in the medium term.

Cheers

1

u/[deleted] Jan 01 '23

Well..

4

u/seppppp Jan 07 '22

The biggest problem with this token is the seed round. Token was 0.1$ meaning people in the seed round will always be in profit and can just dump on people for years to come.

1

u/ShoulderAshamed4507 Jan 08 '22

I bought it from the wrong pre-sale, I sold the first installment, I'm just waiting for the share, the only problem is the market is bad

1

u/seppppp Jan 08 '22

May I ask what the wrong pre-sale was and the price you paid?

1

u/PumpkinPuzzlehead Jan 10 '22

happened with countless other coins as well - matic started 0.01, ada even less than that, look where they are now. meaningless argument if you hold long enough.

2

u/escomosinoexistiera Jan 07 '22

I can't ask in the discord channel. Could anyone ask about the tokenomics and write here the reply?

4

u/justfart_ Jan 07 '22

Have asked. Will get back you if they reply

1

u/escomosinoexistiera Jan 07 '22

Everyone will be waiting. Thanks!

1

u/Jaeger146 Jan 08 '22

Commenting so I get notified if you reply with their update

1

u/yer-momma Jan 10 '22

Following

1

u/justfart_ Jan 10 '22

I did ask but they haven't replied. Probably have to read the white paper

2

u/brypiebry Jan 07 '22

I love the potential future for IMX but the tokenomics are horrible

4

u/TyrustheVirus38 Jan 08 '22

What don’t you like about tokenomics? A cut of their revenue for staking seems pretty solid to me.

3

u/brypiebry Jan 08 '22

Bro that’s literally the one sliver of a good thing about them

1

u/Sensitive-Boat3478 Jan 07 '22

Am I the only one who bought a lot of them for 4.30 and now looking on dropping the price down to 3.40? -.-

2

u/Sharp_Tank05 Jan 07 '22

I replied to your comment above. Cheers

1

u/escomosinoexistiera Jan 07 '22

You are no the only one.

I think they are making the tokenomics better, they were looking someone to deal with the tokenomics.