IMX - another NFT play!Quite a bit hype around this one!
Don´t like the tokenomics - don´t marry this one!
In and out is the play here!
IMXUSD trade ideas
$IMX token ready to go 📈Immutable X is the first layer-2 scaling solution for NFTs on Ethereum, with instant trade confirmation, massive scalability (up to 9,000+ trades per second), zero gas fees — without compromising user custody. The protocol is built on top of StarkWare’s proving technology, which allows users to retain access to Ethereum’s ecosystem and network effects.
IMX is an ERC-20 utility token for the Immutable X protocol that is designed to drive the adoption of NFTs and help creators, players and developers reimagine value in a digital ecosystem. It will be used for:
Staking to earn rewards.
Pay transaction fees.
Voting for proposals.
Immutable X offers:
Gas-free and instant trades
Self-custody for NFTs.
A true Layer-2 secured by Ethereum.
NFTs that are carbon neutral.
Crystal BallingTimeline probably out but we give it a crack, trend looks pretty obvious here and wave plots should play out, these are minimum extensions I expect to see > fomo can take us much higher.
IMX looking bullish long-termAs from my previous analysis its going exactly, now We expect to make support at 8 price to be support zone and we can see the price is at 11 level. Possible target: 11.2 pervious.
IMX looking bullish long-termNow It will retest the 7.2 and if it holds our next target will be 9 soon.
IMX looking bullish long-termIMXusd We expect an upward movement, the price is in the support zone and is about to touch the trendline of the bullish channel. The price is at the 5.6 fibonacci level. Possible target: 7.2 pervious
$IMX Cup & HandleIMX is making a splash, NFT's & Gaming... very early in this project with tons of potential.
IMXUSD - 12th November, Latest CatchIMX is a powerful cryptocurrency that is trending in all-time highs right now.
We saw the project, liked it and executed some long positions.
This cryptocurrency is used in the NFT's world and we believe it is currently still undervalued.
Some day we will share some more positions on this crypto.
Regards,
PRFX Team :)
Under The Radar.This is extremely under the radar atm, If you're lazy chances are you don't do any research/look into coins so you never get in early. This is a chance to get in at the ground floor before we get the Coinbase/Binance listings which I believe are only a matter of time (Coinbase will come first imo), it's a great project and layer 2s are very crucial to crypto as a whole. As for targets there is nothing for me to measure a projected move off so need to wait, I believe this can do many multiples though and somewhere around 20-30x is not unreasonable.
