IMX Historical Price and Return Analysis: Should I buy IMX now?

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Summary

This article provides a comprehensive review of the historical prices and market fluctuations of IMX (ImmutableX) 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 to 2022)

IMX (ImmutableX) is a Layer 2 (L2) scaling solution for NFTs on Ethereum. According to records, its early trading price was approximately $5.7. As an ERC-20 utility token, IMX aims to reward activity on the Immutable X network, such as trading, liquidity provision, and application development.

Below are the price changes of IMX during the early market:

2021 Year

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

2022 Year

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

An investor who bought 10 IMX in 2021 experienced a potential loss of -35.11% during the 2022 bear market.

Bear Market Adjustment and Mid-term Market Cycle: Return and Risk Analysis (2023)

During this period, IMX’s price experienced a strong rebound, marking a significant shift in market sentiment.

The potential returns for an investor purchasing 10 IMX in 2023 are as follows:

  • 2023: -2.20%

2023 Year

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

Recent Market Cycle: Should I Buy IMX Now? (2024 to 2025 so far)

In the past two years, IMX has again experienced a downward trend, with the market facing significant correction pressure.

2024 Year

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

2025 Year to date

  • Opening Price: $1.22
  • Highest Price: $1.22
  • Lowest Price: $0.2299
  • Annual Return: -81.12%

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

  • 2024: -16.73%
  • 2025 to date: -9.88%

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

By analyzing IMX’s historical prices and potential returns, we observe an overall declining trend since 2021, especially the deep drop in 2025 so far. Investors should carefully assess the current market cycle stage and, considering their risk tolerance, decide whether to allocate at this moment.

IMX-2.93%
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