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Will IMX Crypto Pump To Over $1 Once This Bill Becomes Law?
Yahoo Finance· 2025-09-30 14:12
Core Insights - The gaming industry is a multi-billion-dollar sector, and regulatory clarity, particularly in the United States, is crucial for the growth of crypto assets like IMX, which is associated with the NFT-focused layer-2 solution ImmutableX [1] Market Performance - As of September 30, IMX USD has shown stability, with a +35% increase in the last month and a +3% rise in the previous week, although IMX USDT has declined -58% year-to-date [2] - ImmutableX currently manages $35 million in assets, down from nearly $295 million in March 2024, but the total value locked (TVL) has remained stable above $30 million for the past three months [2] Price Trends - There is a direct correlation between TVL and price action, with IMX crypto prices rallying from approximately $0.35 to a peak of $0.96 in September, representing a nearly +300% surge [3] - The uptrend remains valid as long as IMX USDT stays above $0.50 and $0.65, with targets set at September highs and potentially reaching $1 [4] Future Projections - Analysts suggest that if IMX USDT continues to rise, a +50% rally to $1.15 is plausible, with further potential to reach $2 if the uptrend persists and trading volume increases [5] - Regulatory developments, such as the CLARITY Act, are expected to significantly impact demand for gaming tokens built on ImmutableX, similar to the effects of the GENIUS Act on DeFi [6]
Immutable Token Leads Gains Amid Broader Altcoin Rally
Yahoo Finance· 2025-09-19 07:17
Core Insights - Immutable (IMX) has experienced significant gains, rising nearly 17% in one day and 50% over the past week, following the Federal Reserve's decision to cut its funds rate, which has positively impacted the gaming token [1] - Despite challenges in the crypto gaming sector, including numerous project shutdowns due to funding issues, Immutable's co-founder remains optimistic about the company's progress this year [2] Company Developments - Immutable has distributed 2.9 million IMX tokens in weekly rewards to users, a figure that has nearly tripled from the initial 1 million tokens revealed in May [3] - The company has partnered with Seychelles-based MEXC exchange to facilitate direct token transfers to Immutable's zkEVM chain, enhancing user accessibility [3] - A partnership with Ubisoft, valued at $1.3 billion, has been established, allowing web2 studios to offer crypto rewards to players, marking a significant milestone for Immutable [4] - Additional partnerships include a collaboration with South Korean gaming giant NetMarble and a merger between ImmutableX and Immutable's zkEVM chain, both occurring in the first half of 2025 [4] Industry Context - The crypto gaming industry is facing difficulties, with many token-driven projects shutting down due to unsustainable economies and premature token launches [2] - Other altcoins, such as Avalanche and NEAR Protocol, have also seen double-digit gains, partly due to the SEC's approval of generic listing standards for commodity-based trust shares, which has improved market sentiment [5] - The SEC's actions are expected to attract capital inflows into eligible altcoins as excitement builds around potential ETF launches [5]