Immutable X: The future of NFTs on Ethereum
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INTRODUCING IMMUTABLE X
Immutable X is the first layer two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability, and zero gas fees for minting and trading without compromising a user or asset security.
Immutable X is the most technically advanced solution for NFT scaling ever built, developed with StarkWare's powerful STARK prover and rollup technology. The IMX token is the native ERC20 utility token of the Immutable X protocol, which users will be able to earn by conducting pro-network activities such as trading, and which can be used to pay fees, and will be used to perform governance, or stake in the protocol.
GROWTH NARRATIVE
Immutable started as a company called Fuel Games in 2018, founded by two brothers, Robbie and James Ferguson who believed that gaming economies could do so much more for players and traders. They saw an opportunity to bring value to the players through the Blockchain.
Immutable offers multiple services and is established at several levels in gaming. Immutable first was a development studio and launched the world's first blockchain-based eSports title in 2018 called Gods Unchained. With more than 320,000 monthly active players, Gods Unchained was one of the first online card games and one of the biggest games making wise use of NFTs and succeeding in innovating and appealing in the long term.
Immutable’s founders saw that Ethereum fees were getting out of hand, and along with congestion and lack of scalability, it would be a problem for gaming and NFTs. Indeed, if we take Gods Unchained as a case study, minting or trading a card as an NFT with fees of up to $200+ and waiting multiple minutes for transactions was not conceivable. This is why Immutable created its Layer2 scaling solution Immutable X, which offers 9,000+ transactions per second, zero gas fees, and Carbon Neutral NFTs.
Focusing on NFTs, Immutable decided to create an NFT marketplace to trade NFTs from their games and other collections. In addition to creating its own marketplace, Immutable has partnered with OpenSea, the largest NFT trading platform, to integrate Immutable into OpenSea. This would allow Immutable to attract new users and be promoted to many of the market's collectors and NFT traders who trade on Ethereum.
However, while this kind of integration takes time, the partnership announcement dates back to April 2021, and it is hard to believe that the integration has been in progress for all that time. Even without taking into account the partnership, Immutable X has become an important platform for NFT trading, and Layer2 is increasingly used.
Immutable's growth potential is also enhanced by the API and SDK that allow developers to port their projects to Immutable and build applications on Immutable quickly.
One of the aspects that the Immutable team has not neglected is the environmental aspect. Indeed, it is necessary to limit the impact of NFTs on the planet. The accusation that has been made a lot was that NFTs (especially on Ethereum) consumed too much energy, which led to slowing down the widespread adoption.
Immutable has made it a priority to make the NFTs carbon neutral. In addition to consuming, according to them, 70% less than Ethereum even if they handled more transactions, Immutable will buy carbon credits needed to offset the energy footprint of any NFT created or traded on Immutable X to zero.
Immutable has become the fastest Australian startup to hit unicorn status (a privately held startup company valued at over $1 billion) for all these reasons.
INNOVATION & DISRUPTIVENESS
Scaling is one of the biggest key challenges that face the Ethereum ecosystem, particularly for NFTs. The increase of activity on-chain has led to network congestion and slow transactions.
With gas fees and transaction times being too high, some people have turned to other blockchains for NFT trading, notably Solana. New entrants headed to more affordable chains.
In addition to the scalability issue, the environmental impact of NFTs was pointed out, and this is where Immutable comes in with solutions to these scalability and environmental issues.
Immutable X can process thousands of off-chain trades by creating a proof that all these transactions are valid and then publishing that proof on-chain, where a smart contract verifies it. The validation of a transaction happens when the owners of the assets sign off on the transaction.
Since the Ethereum network still hosts the proofs in smart contracts, the network's security is captured along with increased speeds. Since transactions on Immutable X are not being processed on Ethereum layer 1, they are gas-free.
Immutable X is able to process up to 9,000 NFT transactions per second and instant transaction resolution.
Instant transactions solve the problem of scalability and user experience for NFT trading, and gas-free transactions allow more newcomers to discover NFTs and are an excellent asset for mass adoption.
Unlike the energy-intensive computations required to secure the Ethereum blockchain, Immutable X relies on staking to secure the protocol. Therefore, the layer-2 protocol expends less energy and is an environmentally friendly alternative.
All of this is possible thanks to the following technologies: the ZK-Rollup scaling engine, Link UI, and APIs. Together, these components lower the barriers of entry in the NFT space for developers and users, enabling instant trade confirmation, massive scalability, and gas-free minting and trading — all without compromising user custody.
API & SDK
In Layer 1 blockchains, there are no APIs, so any elements that require tracking are tracked individually, then recorded and stored in your own records. The Immutable X APIs wrap the logic of Immutable X’s exchange engine so that developers do not need to interact directly with smart contracts via custom logic to build on the Immutable X platform.
Every interaction, from minting to trading to transferring, is performed via simple API calls. The Immutable X APIs contain both the read and write functionality required to build applications without building a backend, meaning Immutable X abstracts the complexity of the blockchain to function as a backend.
The read functionality also offers various filtering options. This includes filters that can present a list of all orders submitted by a specific user or more complete filters like metadata filters. Using the API’s read function, they can give developers a list of:
Mints
Trades
Withdrawals & Deposits
Assets Minted
Orders (e.g., display all the orders made).
The Immutable X SDK, combined with the APIs, will allow partners to build NFT projects in hours rather than weeks. A Typescript SDK implementation is currently available, designed to make it easy to integrate the protocol into websites. The SDK allows for types access to the Immutable X APIs and wallet.
Link UI
The Link is the conduit that they use to connect users to the Immutable X protocol. This allows Immutable X to support a thriving third-party marketplace ecosystem without presenting a security risk.
Unlike other blockchains or sidechains, Immutable X currently supports all desktop Ethereum wallets without forcing users to switch networks. All new Immutable X users must register as users, which means setting up a Layer 2 wallet via Link.
Immutable X partners can embed the Link directly into their site's transaction flow, making NFTs more efficient and intuitive in buying and selling. The Link screens will show up in the site’s transaction flow, allowing users to authorize purchases, listings, and transfers of ETH and NFTs without leaving the page.
ZK-Rollups
Immutable X combines NFT-specific exchange and proof logic with the cutting-edge rollup technology developed by StarkWare to create one of the most advanced tools for trading NFTs ever built. Rollups allow for world-class scalability and user experience while retaining the underlying security of Ethereum.
ZK-STARKs (Zero-Knowledge Scalable Transparent ARguments of Knowledge)
are a type of cryptographic-proof technology that enables users to share validated data or perform computations with a third party without the data or computation being revealed to the third party in a publicly verifiable way. This is also known as a zero-knowledge proof (ZKP).
Prior to the creation of ZK-STARKs, ZK-SNARKs were used to create ZK-proof systems. This required a trusted party, or parties, to initially set up the ZK-proof system, which introduced a vulnerability: those “trusted parties” could compromise the privacy of the entire system. ZK-STARKs improve on this technology by removing the need for a trusted setup.
A ZK-Rollup requires an “operator”. The operator is responsible for linearizing transactions, which means putting them into a consistent, global incremental order with no gaps. In this instance, Immutable X is the operator.
COMPETITION
The competition for Immutable is the sidechains and Layer2, especially those that are NFTs and video games oriented.
Sidechain:
Polygon: is a huge sidechain of Ethereum and currently has a $13B Market Capitalization. This chain is widely used and available on OpenSea to trade NFTs. However, the problems of scalability and congestion are still at the heart of the debate for this sidechain that is fundamentally different from Immutable, technology-wise.
We see more and more projects leaving Polygon to move to more technologically advanced projects like Immutable. However, it is not to be omitted that Polygon is also evolving technologically and is also starting to implement ZK scaling technologies.
Ronin: is Axie’s blockchain, a sidechain of Ethereum which was recently hacked in what would be one of the largest cryptocurrency heists on record. The chain is only used for Axie Infinity at the moment but has the long-term goal to support other SkyMavis games and accept other publishers.
Even if Axie is still big and represents a large volume of trades executed on the Ronin chain, which makes it an important sidechain, usage is still limited, and the ambitions of mass adoption, scalability, and domination of the gaming and NFT market are still, in terms of partnerships and technologies, quite far from Immutable.
Layer2:
Loopring: is a Layer2 ZK-Rollup exchange and payment protocol. Loopring uses similar technologies to Immutable but is less focused on NFTs and Gaming. However, it is a big competitor as it has established a partnership with GameStop for their NFT Marketplace, a partnership that has also been made between GameStop and Immutable.
The partnerships were a bit confusing as to which would power GameStop's NFT Marketplace. It has been later explained that GameStop's new marketplace would act as an aggregator, with NFTs hosted on Immutable X and Loopring available for trade.
Even if Loopring is quite a different project than Immutable, with other ambitions and different stages of development, it is still a Layer2 scaling solution for Ethereum, currently with a higher market capitalization than Immutable and a supply almost fully released.
We can consider as competitors the Layer1 that has shown good scalability, strong technologies, a strong community, low gas fees, good security, resilience, etc.
This is an indirect competition for Immutable since they are more of a competition for Ethereum.
In this category, we can mention a few top competitors such as: Solana, Terra, Avalanche, Fantom, Polkadot, Near and Cosmos.
EDGE ON THE MARKET
Immutable being in development since 2018, they have had time to get ahead in many areas. Immutable is on all fronts:
Development Studio: Immutable is a successful development studio as they showed it with their first game, Gods Unchained, one of the first and biggest NFT game and the first NFT cards game, led by Chris Clay, Former Game Director of Magic: The Gathering Arena.
They also made Guild Of Guardians, a Blockchain mobile RPG with 130k+ players on the waitlist. With their games being highly qualitative and successful, this is good publicity for Immutable X as a whole.
NFT Marketplace: Immutable X is a big NFT Marketplace for their games and other collections that want to build their NFT projects quickly thanks to Immutable. It is highly used for Gods Unchained NFT cards as Axie’s marketplace can be highly used for Axie NFTs.
However, Immutable X’s marketplace is already ready and operational for any collection and any project or builder. It is also the fastest marketplace, thanks to Immutable chain.
L2 Scaling Solution: The games from the development studio and the NFT Marketplace could not work without the Layer2 scaling solution that is Immutable X. Thanks to the latest technologies and the partnership with StarkWare, Immutable X offers 9,000+ transactions per second, zero gas fees, and Carbon Neutral NFTs.
Infrastructure and tooling (API & SDK): Thanks to the APIs and SDK, people can create NFT projects on Immutable in hours, making fast, gas-free, carbon-neutral NFTs accessible.
In addition to having their own games on their protocol and platform, we have seen some games and collections joining Immutable X, such as My Crypto Heroes (NFT game), Crypto Assault (MMO), War Riders (MMO), MLB Champions Baseball (NFT collectibles game), TokenTrove (NFT Marketplace), RTFKT Studios (digital fashion brand) and the highly anticipated game EmberSword, migrating from Polygon to Immutable.
Fundraising and quality partnerships also put Immutable ahead of the competition. To name only a few partnerships, Immutable is powering the TikTok NFT collection and has unique collaborations with VeVe, the leading mobile-first digital collectible platform, and GameStop NFT Marketplace.
CONCERNS
Some concerns we can have about Immutable and potential low growth and adoption is mainly linked to the general adoption of gamers towards NFTs. Indeed, we have seen that the welcoming of the traditional gamers towards NFTs has been rather bad.
This kind of new technology takes time to develop, prove its usefulness, and become established globally. Not all gamers understand the usefulness of really owning their assets and don't necessarily want to associate crypto, money, and video games. There were many misinformed and even sometimes disinformed about NFT and Blockchain, which created fears and misconceptions about NFT.
While Immutable is far ahead in its field with a ready-to-use ecosystem, it is not the only one to come up with the idea of allowing players to own their assets and scale Ethereum.
Keeping in mind the competition is rough, and the growth is not guaranteed, the huge share of the supply that is unreleased yet (88%) and a fully diluted market capitalization currently valued at $5.1B+, the project will have to keep a steady growth to keep such a market capitalization or even to grow bigger over time.
Nevertheless, even if the fully diluted market capitalization seems big, it is still almost three times lower than the current market capitalization of Polygon ($13B). If Ethereum and the NFT market keep growing, this kind of market capitalization could seem very low for the biggest Layer2 on Ethereum.
TEAM
OVERVIEW
Immutable has a team of over 200 people working mainly in Sydney, Australia. The founders are from Australia, and all of them went to the University of Sydney.
Immutable’s goal is to foster a thriving office environment where employees feel good and can work in the best conditions. This is one of the reasons why the team is growing rapidly, and they have no problem finding and recruiting talents. The team is indeed full of skilled and experienced people, and we focus on some of them below.
TRACK RECORDS
Robbie Ferguson: is a co-founder and President at Immutable. Robbie is a young entrepreneur in the blockchain field and was selected for Forbes 30 Under 30 list.
He worked as a Data Analyst for the Blockchain for 1 year, creating a client-facing CapitalGainTax analysis platform for cryptocurrency exchanges. It was licensed to Independent Reserve, Australia's largest exchange. Robbie does not have much work experience, as he decided early on to go into entrepreneurship with his brother James.
James Ferguson: is a co-founder and CEO at Immutable. James is a young entrepreneur who founded a few projects before founding Immutable with his brother Robbie and has also been nominated for Forbes 30 Under 30 list. The projects he founded before Immutable had modest success and are no longer active. Rivlr was an esports tournament platform, and Shopyak was an e-commerce builder for single-page stores.
James is versatile as he has also been Business Development Manager for Nulux Inc, a company manufacturing lighting fixtures for the architectural design community, and Lead Frontend Developer for Appliances Online, an appliance retailer.
Alex Connolly: is a co-founder and CTO at Immutable. Alex is a young entrepreneur that dropped out of College (University of Sydney), like Robbie Ferguson, to start Immutable. As a CTO, he is the engineer managing the technological aspect of the company. He does not seem to have prior work experience.
Ned Moorfield: is the Product Manager at Immutable. He is a highly experienced Technology Entrepreneur, Founder, and Senior Product Manager. Ned worked as a Technical Business Analyst and Consultant for 6 years before founding Australia’s leading homegrown rideshare operator, GoCatch, raising a total of $8M. He took the business from an initial idea to one with national operations, 30 staff, over 1.5M in completed bookings, and $30M in turnover. Ned holds a deep knowledge of online payments, online marketplaces, and point-to-point transport backed by an honours degree in Computer Systems Engineering.
He has extensive experience working as a Software Engineer and Product Manager in advanced manufacturing, robotics, financial services, and early-stage, high-growth startups. Post-GoCatch, Ned held the role of Principal Product Manager at Eventbrite for almost 3 years and Product Manager for 2 years at Google working on expanding & improving Google's Urban Mobility capabilities for the 1B+ Google Maps users spread out across the world.
David Friedman: is the Business Development Manager at Immutable. He is a senior BD Manager with 6+ years of client experience and a proven ability to drive relationships and build partnerships, spanning cloud technologies and digital media. David started as a Management Consultant at PwC, the firms' second-biggest global professional services network.
He also worked 3 years at Google in various roles; one of which was leading the relationship between Google Cloud and CxO's from some of the most exciting enterprises in their respective industries and growing revenue for Google, helping clients solve their challenges through leveraging Google's Cloud Platform (IaaS/PaaS), Workspace (SaaS/Collaboration), AI/ML industry solutions, and unique partnership opportunities across Alphabet and GCP's 3P ecosystem.
Aakash Mandhar: is the Vice President of Studio Engineering at Immutable. He is a seasoned leader, experienced engineer, and avid gamer with a passion for solving complex problems and delivering results. His experience in software engineering and development lead is not to be proven as his professional experiences speak for him. Aakash worked for nearly 2 years for Hewlett-Packard as a Software Engineer and a Software Designer with great success for various missions.
Then, he worked at Yahoo! for more than a year, mainly on the development and maintenance of MSP (Message Store Platform), which forms the backend of many Yahoo! products like Message Boards, 360, Ratings and Reviews, Video search, podcasts, etc. After these short but successful professional experiences, Aakash engaged in long-term missions working for more than 8 years at Microsoft and almost 6 years at Electronic Arts.
During this period, his work and missions were numerous, but we can mention the former, the work as an engineering lead for a team of 12 developers that successfully launched and supported Halo 5 Guardians; and the latter, the work on developing a performant, reliable, available, scalable and secure virtual economies and social platforms for all of Electronic Arts, growing the team from 2 team members to over 50 team members and building trust with several game studios.
PARTNERS & BACKERS
Immutable raised a seed round in 2018 and a $15 million Series A in September 2019 from investors, including:
Later, in September 2021, Immutable raised $60 million in Series B funding, co-led by BITKRAFT Ventures and King River Capital.
Other participants, including Prosus Ventures, Galaxy Interactive, Fabric Ventures, Alameda Research, AirTree Ventures, Reinventure, Apex Capital, and VaynerFund, participated.
The latest funding of $200 million in Series C funding in March 2022 was led by Singapore's Temasek along with Mirae Asset, ParaFi Capital, Declaration Partners, Tencent Holdings, and others.
Immutable was valued at $2.5 billion after this round.
We have seen all along that Immutable has been able to establish solid partnerships.
First of all, the partnership between Immutable and StarkWare allowed Immutable to use the best technologies of scaling and decentralization.
We have also mentioned VeVe, TokenTrove, TikTok, RTFKT, and GameStop partnerships.
Marvel NFTs are on VeVe, but we should not omit DC Comics NFTs on Hro, an NFT Marketplace partner of Immutable as well.
Many more partnerships have been made, and many are likely to follow.
COMMUNITY
SIZE AND ENGAGEMENT
Immutable has an active and growing community with over 225,000 followers on Twitter and 55,000+ members on Discord.
(source: SocialBlade)
COMMUNICATION
(source: SocialBlade)
Immutable is very active on social media, especially Twitter, and they usually get pretty good engagement for their tweets. They communicate through AMAs, articles on their Medium, and by announcing news and latest partnerships via Twitter.
PRICE
TOKEN RELEASE DATE
November 05, 2021
PRODUCT RELEASE DATE
Immutable X’s Layer2 & NFT Marketplace: April 08, 2021
MARKET CAPITALIZATION
$521,590,000 – March 23, 2022
ALL TIME LOW
$1.10 – March 07, 2022
ALL TIME HIGH
$9.50 – November 26, 2021
TA ANALYSIS
Given all the fundamental values of IMX, we would like to point out that since the ATH, this asset went on a massive correction along with the whole market and, at some point, was offering a discount of nearly 90%, which for most people means capitulation, and only for a few - opportunity.
Since the end of November, IMX has been in a healthy downtrend, forming lower highs and lower lows; however, now, when the market is recovering, we can see some signs of upcoming market structure change: the asset nearly reached its listing price (usually very well protected by early investors and has a lot of demand around it), significant volume increase at the lows, soft organic price action (no spikes and sudden volatility).
Nevertheless, technically it is still in a downtrend. As for now, it needs to break the previous high of $4.27 or form a lower high, then put a higher low and break the recently put lower high and given that it already gave the discount of 90%, most likely that the bottom is in.
Now, let’s look at the horizontal volume profiles
The first major thing that’s very bullish at the moment is that the price is trading above the Point of Control (area with the most traded volume), and not only that, it had been perfectly retested from above and provided a swift bounce, which organically took IMX to the borders of a large volume gap.
These borders normally provide some form of resistance (as it’s the densest area of liquidity, so drawbacks are likely). Still, after they get taken (not always from the first approach), the price has no obstacles to move, and the gaps get filled rather quickly.
Now, concluding these two analyses, we get a confluence:
1. Break of structure (that would either happen at $4.27 or after forming new LH - HL, which is more likely given that the asset is at the borders of a volume gap so that a little drawback can be expected) in the range of current price $2.85 to $4.27.
2. Volume gap that gets filled at nearly $3.60 (this is where the first high volume nodes appear).
With this information, we can confidently say that the first major resistance is at the levels of $3.5 to $4, which can be our first target (with a very conservative approach).
To conclude:
POC - the strongest support (should be our preferred entry point).
HVN1 & HVN2 - first resistances.
OLD BREAK OF STRUCTURE LEVEL - the strongest resistance.
DAILY ATH - strongest top resistance, above that - price discovery.
Whenever we consider investments, they imply long term hodl and don’t imply stop losses; however, for this particular asset, we can take a merged investment/trading approach: DCA down from current price to POC or buy a bag at market price (the first option recommend, but keep in mind that you can miss out on filling your orders) and target 4 marked resistances with 20% sell orders, leaving 20% moonbag for price discovery and re-evaluation. (not financial advice)
MARKETS
CEX
$IMX is listed on almost every exchange we can think of. To name only the biggest:
DEX
$IMX being on Ethereum Blockchain, it is available for trade on many DEX that supports Ethereum Blockchain, as long as there is at least one liquidity pool for the token. To name a few:
1inch
Uniswap
SushiSwap
LIQUIDITY
The highest liquidity is on Binance, which needs high liquidity since about 30% of IMX token volume is traded on the Binance platform. The CoinMarketCap’s liquidity index can be trusted to a certain extent and indicates good liquidity (liquidity index > 500) for most of the CEX mentioned above.
The Token being in the top 150 Market Capitalizations, with high volume traded every day, we can expect good liquidity for CEX and low slippage.
The volume is very variable on DEX (UniSwap and SushiSwap here) but remains lower than for most CEX. With a total value locked of $11.7M in the WETH - IMX Pool on SushiSwap and $4.5M in the ETH – IMX Pool on UniSwap, the liquidity is also sufficient for the DEX.
TOKENOMICS
DISTRIBUTION, VESTING PERIODS, SUPPLY
There will be 2,000,000,000 IMX tokens total, allocated to the following areas:
Private Sale:
285,200,000 tokens (14.26% of the total supply).
Public Sale:
ICO on CoinList September 08, 2021:
Option 1, $0.10 per token, 6 months linear release. 40M tokens for sale, $4M raised.
Option 2, $0.15 per token, 3 months linear release. 60M tokens for sale, $6M raised.
The release started in October 2021, so all the tokens of this public sale will be distributed by April 2022.
The rest of the supply will be unlocked and released as follows:
The anticipated circulating supply schedule is illustrated below:
However, the current situation with the supply is the following:
The vast majority (88%) of the supply is not released yet, which leads us to question the maintenance or even the increase of the market capitalization after dilution over time.
INCENTIVES TO HOLD
Staking
Immutable aims to release a staking system where protocol fees will be sent to the “staking rewards pool”, and at regular monthly intervals, this pool will be distributed proportionally between all users who are actively staking their IMX tokens on Immutable X.
A user’s rewards will be proportional to the amount of IMX they have staked during the month, relative to all other active stakers. Staking should be activated shortly as announced, in a few months after the token is released.
Decentralized Governance
Token holders will be able to vote on token-related proposals via decentralized governance. Proposals will include topics such as how to allocate token reserves, voting on developer grants, activating daily rewards, and changes in token supply.
Other proposal categories may be added via the appropriate decentralized governance processes. Our goal is to continuously add to the utility and decentralization of the Token through user voting.
In order to submit a proposal for voting, an individual needs to own a certain threshold of tokens, which will be determined at a later date. The Foundation has the right to propose items to be put to a vote that is seen as positive for the ecosystem as a whole and will perform a facilitation role in the curating proposals that all Token holders will vote on.
All votes that successfully pass will be executed accordingly and as soon as feasible, given consideration of commercial and technological implementation limitations. Protocol governance is performed on L1, with wallet balances sourced across both L1 and L2. The more tokens a user holds, the greater their voting power.
TOKEN DEMAND VERSUS PRODUCT USE
20% of Immutable’s protocol fee must be paid in IMX tokens. This fee can be paid directly in IMX, or Immutable will automatically swap the actual purchase currency (e.g., ETH) for IMX on the open market.
This means users do not need to explicitly hold IMX tokens to be able to transact on the protocol. Market buying means high demand for the token and an upward pressure the more the protocol is used.
However, this protocol fee is not yet implemented.
TOKEN REACTION REGARDING ITS ECOSYSTEM
As Immutable is a Layer built on top of Ethereum, it benefits from the growth of this ecosystem. The more Ethereum is used, the more people will move to Immutable X.
An example of this would be the numerous gaming projects that want to build their project on Ethereum to benefit from the community, the ecosystem, the decentralization, the Ethereum Virtual Machine, etc. Still, they cannot decently consider having very high-cost transactions and potentially waiting for a long time to trade an in-game object (NFT) that can potentially cost only a few dozen cents.
These projects usually move to a sidechain or a Layer2, and they have every reason to choose Immutable. We have even seen projects moving from a sidechain or a Layer2 to Immutable, like the highly anticipated MMORPG EmberSword migrating from Polygon to Immutable.
Even if Ethereum must stay a widely used blockchain and healthy for Immutable to grow properly, it is hard to see a direct correlation between $IMX price and $ETH price. $IMX price is more correlated to the situation of Bitcoin and the market in general.
Not financial advice. The Crypto Intelligence Report is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research and make an informed decision.
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