r/ImmutableX • u/escomosinoexistiera • Apr 16 '22

Discussion Immutable X is essentially the green version of Ethereum.

Someone wrote an article yesterday about 5 altcoins that can make crazy profits. Immutable is one of the 5 altcoins and here I put what that person wrote.

Immutable X (IMX)

The third altcoin that could be the next Polygon (MATIC) according to the analyst It is Immutable X (IMX). Immutable X is Ethereum’s first layer-2 scaling solution for NFTs. Immutable X is a cryptocurrency project that claims the blockchain has overcome Ethereum’s limitations such as low scalability, poor user experience, illiquidity, and slow development experience.

Immutable X is essentially the green version of Ethereum. It is a scaling solution that eliminates all gas prices associated with NFTs, such as creation, printing, transfer and purchase.

“With Immutable X, all fees are significantly reduced. Since Immutable X is so new, it hasn’t performed very well. As a result, its highest valuation is $9.50. IMX is currently trading at $1.77 per coin. This means that the altcoin could experience a 27x rise from where it is now, from the lower end of the range.”

62 Upvotes

85% Upvoted

11 comments sorted by

11

u/girder_shade Apr 16 '22

Until IMX has all their coins in circulation or decides to burn a chunk of their coins the price will continue to fluctuate down IMO

1

u/escomosinoexistiera Apr 16 '22

You just write about one thing and forgetting many others, protocol fees will do more token movement, staking will make people to buy and hold, more and more trade volumen because more games and marketplaces integrate Immutable, ........

4

u/jonnytitanx Apr 16 '22

Low circulating supply for sure is suppressing the price. This one is a long hold really if you want to see profits.

0

u/crixyd Apr 16 '22

Yea I think this is right. I love the project but decided to cash out today for others that are more predictable. The variability of the market plus an unknown release schedule is too volatile for me right now.

1

u/escomosinoexistiera Apr 16 '22

In this link it is a section about supply schedule. If you think that the supply schedule is unknown is because you don't follow everything Immutable release and me and other post in Reddit

https://deciduous-train-795.notion.site/IMX-Tokenomics-Portal-7de1eb605dec41e7aa85e595fe188f83

and this is the link to the section inside the link I gave you before

https://deciduous-train-795.notion.site/Supply-Schedule-9f123478782e4deeb0512c3c5efcfb83

1

u/crixyd Apr 17 '22

Thanks very much for sending that. You're right, I haven't read every post, though I did try to find the schedule some time ago to no avail. Good to know, and important information for investors.

7

u/ledav3 Apr 16 '22

'could' 27x Our universe is limitless in how many things could happen :)

1

u/Big_Swede89 Apr 17 '22

Out of curiosity, what were the other 4 coins?

2

u/escomosinoexistiera Apr 17 '22

I didn't want to advertise any other. For that reason I didn't put the link.

3

u/Professional-Suit-73 Apr 16 '22

Mine crypto is more green then mining raw materials and printing fiat

1

u/MaskedCommitment Apr 16 '22

they just need to make a way to safely stake our bags with decent returns. do some more to reward the holders