The invisible X (IMX) again is rising now, posting those who got more than 12% on the sun -day chart. Through this, it increases most cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
According to data from coingecko, the IMX price is now walking above $ 0.63, an increase of 46% in the last two weeks, leaving market capitalization north of $ 1.16 billion.
That target is not derived from thin air, as the monthly chart proves a clean return pattern. The volume is rising and it looks like the overall structure is flipping. However, there is still plenty of room for growth, given that the IMX price is sitting well below all times of $ 9.5 in November 2021. That's a reduction of 93%.
But what the IMX sets that the rally does not occur in isolation – it occurs in the sync with a modified momentum in NFT and Crypto playing sectors, where the immutable X is sitting in the middle. Recently, its founder, revealed A 90% increase in new users who will come to the unchanged Play platform:
“+90% Daily increase in new users who come to irreversible play-just by adding the option to login via Facebook. Better UX for consumers, simple refinements. This is the only way we ride in billion-use mass market”
Can I post larger gains this month?
The Invisible X is a popular Layer 2 network developed for Ethereum (ETH), which is designed to eliminate gas and latency fees for NFT transactions. That's all it is, but the traction on the ground tells a bigger story.
As the cryptomode reports, price climbing comes next to a clear spike in the on-chain activity and user interaction, pointing to a rally based on ecosystem growth, not just short-term trade cycles. The volume has expanded significant relatives in the IMX market cap, which supports the move structure.
While short-term retracements are possible, the current price action suggests any sink is more likely to invite accumulation than return. The trend, infrastructure, and user growth all point to the same direction. However, everything is possible in the Kingdom of Crypto.
Related: The SUI Network (SUI) jumps 9% as 21shares files for US ETF, the price drives towards $ 4
