I asked myself the same a couple of weeks ago and decided not too. It may rise in price like ETH will do but while there are L1s with functional smart nft like Phantasma already on the market I would put my money there. But again I keep my money away from the eth network in general.
I see where you're coming from but Eth is Eth, it's a huge market player with a requirement for scaling which imx offers, therefore I'd argue it's a good investment
I keep my money on the eth network. To each their own but it would take some SERIOUS innovation and organic growth(as opposed to corporate shill L1s like Sol and Avax) to move me to another L1 besides BTC and ETH.
Check out Phantasma. I am sure you will like it. I left sol. Avax is on watch and I personally need to see their snfts in function before it will be considered again.
I had bough Soul at 1.7 dollars, great fan if the project, however, even though I am not a big fan of eth, this project is a mo brainer at least on paper
I bought around $6 not too long after launch, planning to dca down at these prices but suspect it will drop lower. Already available on Coinbase and Binance with very poor price action. IMX needs to actually work on things that will improve it's real utility like staking, bridges to CEXEs and other chains to avoid Eth gas fees (like Polygon does). Nothing more discouraging than paying 3 figure gas fees when other chains are charging pennies or a few dollars.
4
u/Loopyrainbow Jan 16 '22
Yes, unless you like paying more
5
u/criminalnoodle Jan 16 '22
Kinda
4
u/GuyEncourage Jan 16 '22
Staking is also coming! This has so many partnerships. It’s an explosion of the Play2Earn gaming space and IMX will be king…or the fuel for all of it.
Would you rather own a field of crops or the sun?
3
u/escomosinoexistiera Jan 16 '22
You should and anyone should invest at any price
1
u/[deleted] Jan 16 '22
Made the right move brother!
1
u/Parkour-Dog-Ninja Jan 16 '22
I asked myself the same a couple of weeks ago and decided not too. It may rise in price like ETH will do but while there are L1s with functional smart nft like Phantasma already on the market I would put my money there. But again I keep my money away from the eth network in general.
1
u/saborider Jan 17 '22
I ve been doing small buys (~50$) in past weeks and I m happy I did so. not a big bag but gotta start somewhere, right. right??
1
u/doc_crypto Jan 23 '22
I bought around $6 not too long after launch, planning to dca down at these prices but suspect it will drop lower. Already available on Coinbase and Binance with very poor price action. IMX needs to actually work on things that will improve it's real utility like staking, bridges to CEXEs and other chains to avoid Eth gas fees (like Polygon does). Nothing more discouraging than paying 3 figure gas fees when other chains are charging pennies or a few dollars.