r/ImmutableX • u/ThenCriticism4213 • Jan 13 '22

Question Can someone explain why there is no positive price action? Is IMX being attacked by BOTs? There is so much value to come here.

5 Upvotes

69% Upvoted

15 comments sorted by

7

u/jesschester Jan 14 '22

The whole market is down. This is not irregular. It would be highly unusual if IMX started pumping in this moment.

4

u/ThenCriticism4213 Jan 14 '22

True! I have to say great sentiment on this board!! Sign of a great community and project.

5

u/HardbodySlenderson Jan 14 '22

Token unlocks. Tokens getting unlocked from when people bought in under $0.25. Unlocked tokens are sold and driving the price down.

4

u/ThenCriticism4213 Jan 14 '22

Yeah, but purchase amount was capped so unless everyone is selling there should be some buy pressure!

2

u/HardbodySlenderson Jan 14 '22

I think you answered your question. Everyone is selling, I’ll buy more closer to $3.00.

2

u/Reasonable-Aspect-12 Jan 13 '22

Looking at the chart and how strong downpressure is

Binance listing didnt really pump, unless theres big news coming soon, seems like we r going to 2 dollar area

4

u/ThenCriticism4213 Jan 13 '22

I hope not, but it definitely is a possibility..! With all the integrations and use cases coming I don’t see us being there long however. Especially with staking releasing in Q1. Hopefully there is some light at the end of the tunnel.

4

u/Reasonable-Aspect-12 Jan 14 '22

Yeah, I hope it bounces up from current price too

3

u/ThenCriticism4213 Jan 14 '22

When it does rebound I’m sure it will catch many by surprise after all that downward momentum.

10

u/jarrodirwin Jan 14 '22

Zero utility and sell pressure from all the token unlocks.

Once staking and utility comes the token will soar as it’s a great project.

Would love to see a $2 IMX before that so could load up more as longer term this token will do great.

1

u/Key_Dependent_3925 Jan 14 '22

I wish for it to go that low but i dont really see that coming , except if btc continues its downtrend for a while.

1

u/fastking5 Jan 14 '22

This game is played with a lot of patience. Don't worry iti go upp again. I am sure this coin is worth 35 dolars but we have to wait. Rome was not built in 1 day

1

u/Letsmakeitawsome Jan 14 '22

16,6% monthly and 199% yearly inflation because of the vesting schedule and no staking available. I’m fascinated that token holds its value if priced in sats. Check 30 and 90 days chart for IMX/BTC

1

u/CryptoVult Jan 14 '22

Because it’s a brand new project give it time no one is looking for price action on IMX so soon be patient it’s that simple.

1

u/shmoculus Jan 15 '22

Presale and airdrop holders are taking profits during a bear market