Tuesday, February 27, 2024

Immutable X (IMX) gains 50% following the close of a $200M fundraising round By Cointelegraph

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Non-fungible token (NFT) tasks have been laborious hit by the value decline throughout the cryptocurrency ecosystem and the present bearish circumstances have spared few tokens from a value collapse.

One undertaking that’s trying to get again on strong footing is Immutable X (IMX), an NFT-focused layer-2 (L2) scaling answer for the (ETH) community designed to supply near-instant transactions and 0 gasoline charges for minting and buying and selling.

IMX/USDT 4-hour chart. Supply: TradingView
OpenSea month-to-month quantity on Ethereum. Supply: Dune Analytics
VORTECS™ Rating (inexperienced) vs. IMX value. Supply: Cointelegraph Markets Professional