IMX (Immutable) Historical Price and Earnings Analysis: Should I Buy IMX Now?

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Summary

This article provides a comprehensive review of IMX’s historical prices and market fluctuations since its inception, combining data from bull and bear market phases to evaluate the potential returns for investors purchasing 10 IMX tokens. It also addresses the key question, “Should I buy IMX now?” to help both beginners and long-term investors grasp timing and growth opportunities.

Beginning of Bull Market and Early Market Cycle: Historical Price Review (2021)

IMX is an NFT layer-2 (L2) scaling solution on Ethereum, created as an ERC-20 utility token to reward activities on the Immutable X network, such as trading, liquidity provision, and application development. According to records, its early trading price was approximately $5.7.

Below are IMX’s price changes during the early market:

2021

  • Opening Price: $5.7
  • Closing Price: $4.95
  • Highest Price: $7.98
  • Lowest Price: $4.5
  • Annual Return: -13.13%

An investor who bought 10 IMX in 2021 and sells today would face a potential loss of -$54.4752.

Bear Market Adjustment and Mid-term Market Cycle: Profit and Risk Analysis (2022 to 2023)

During this period, IMX’s price experienced a sharp decline followed by a strong rebound, influenced by overall cryptocurrency market volatility.

Below are the potential returns for an investor purchasing 10 IMX during this phase:

2022

  • Opening Price: $3.74
  • Closing Price: $0.38558
  • Highest Price: $4.14
  • Lowest Price: $0.38558
  • Annual Return: -89.69%
  • Potential Return: -$34.8582

2023

  • Opening Price: $0.45026
  • Closing Price: $2.13
  • Highest Price: $2.38
  • Lowest Price: $0.45026
  • Annual Return: 373.24%
  • Potential Return: -$1.9476

Recent Market Cycle: Should I buy IMX now? (2024 to 2026 so far)

In recent years, IMX has shown a continuous downward trend, with the market facing significant adjustment pressures.

2024

  • Opening Price: $1.9
  • Closing Price: $1.45
  • Highest Price: $3.42
  • Lowest Price: $1.1
  • Annual Return: -23.99%

2025

  • Opening Price: $1.22
  • Closing Price: $0.2737
  • Highest Price: $1.22
  • Lowest Price: $0.2243
  • Annual Return: -77.53%

2026 so far

  • Opening Price: $0.2681
  • Closing Price: $0.2555
  • Highest Price: $0.2743
  • Lowest Price: $0.2555
  • Annual Return: -4.7%

Potential returns for an investor buying 10 IMX during this period are:

  • 2024: -$16.469
  • 2025: -$9.624
  • 2026 so far: -$0.126

Conclusion: Bull Market, Bear Market, and Investment Timing Analysis

By analyzing IMX’s historical prices and potential returns, it is evident that since 2021, there has been a long-term downward trend, dropping from a high of $5.7 to around $0.26. Whether at any buy point in 2021, 2022, or 2023, investors are currently at a loss. The continued decline from 2024 to 2026 indicates that the market has not yet shown a clear reversal. Investors should carefully evaluate the current risk-reward ratio and conduct in-depth research into IMX’s fundamentals and market recovery potential before considering a purchase.

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