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Immutable X (IMX) Price Prediction as AltSignals Token Sale Accelerates

  • Immutable X token went vertical on Thursday and Friday morning after a series of partnerships.

  • Chancer token sale has continued, with the token sale hitting over $1.2 million.

Immutable X (IMX) price went parabolic on Friday even as the crypto market remained in a consolidation phase. The token jumped by more than 20% and reached a high of $0.9290, the highest level since May 6. In all, it has soared by more than 58% from the lowest point in June this year.

Immutable X new partnerships

Immutable X is one of the biggest blockchains that focuses on gaming and non-fungible tokens (NFT) in the world. It is a layer-2 network that helps solve some of the main challenges in Ethereum’s ecosystem. Some of those challenges are higher fees and slow transaction speeds in the network.

IMX, its native token, jumped on Friday, making it the best-performing cryptocurrency in the industry. This rally happened because of the growing partnerships in the network. On Thursday evening, the developers announced a new partnership with Helika Analytics. The partnership will see creators in the ecosystem do in-depth analysis using its no-code tools.

Meanwhile, Ef Defense, a developer using Immutable tools, announced its commitment to Immmutable zkEVM tool. In a statement, the CEO said that Endless Frontier had over 30 million downloads, bringing over $80 million in revenue. He added:

“I believe that collaborating with Immutable will offer us the opportunity to learn invaluable expertise on how to promote web3 games in various forms, communicate with users, and continue to develop the platform.”

The statement came a day after Immutable revealed that the value of the pipeline of games in its ecosystem had grown to over $2.5 billion. This happened after the developer announced a new partnership with Polygon.

IMX price prediction

The 4H chart shows that the Immutable X crypto price made a strong recovery in the overnight session. This rally saw it reach a high of $0.9296, which was much higher than last month’s low of $0.5584. It moved above the key resistance level at $0.8420, the highest point in June. 

Also, the token has moved above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved to the overbought level. Therefore, the token will likely retreat and retest the support at $0.80.

AltSignals token sale continues

Another important crypto news is that AltSignals’ token sale gained steam this week as the developers raised over $1.2 million. This amount represents about 54% of all the available tokens since the goal of this stage 2 is to raise $2.25 million.

Buy the AltSignals token here.

For starters, AltSignals is a company that hopes to incorporate artificial intelligence in the financial market. The developers will transition their already–profitable product to one that uses AI, neural language processing (NLP), and machine learning. You can read the comprehensive white paper here.

In addition, once complete, the existing platform will transition from a centralized one into a fully decentralized one. In this, $CHANCER token holders will be able to vote for key activities in the network. There will also be profit-sharing mechanisms in the network.

There are two main reasons for buying the ASI token. First, the token’s price will be hiked by 12% in the next stage of the sale. This means that you can buy more tokens now. 

Second, there is soaring demand for stocks and tokens in the AI industry. A good example of this is Intel, AMD, Nvidia, SingularityNET, and Fetch.ai. All these assets have jumped in the past few months.

Third, the Fed made what is likely the final interest rate of the year. This decision could lead to more crypto gains later this year.

The post Immutable X (IMX) Price Prediction as AltSignals Token Sale Accelerates appeared first on CoinJournal.

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