Immutable X (IMX) Achieves Self Reported Market Capitalization of $931.84 Million

Immutable X (IMX) traded 5.9% higher against the dollar during the 1 day period ending at 0:00 AM ET on October 14th. One Immutable X token can currently be bought for about $1.63 or 0.00002496 BTC on major cryptocurrency exchanges. In the last week, Immutable X has traded 8.9% higher against the dollar. Immutable X has a market capitalization of $931.84 million and $62.57 million worth of Immutable X was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 3.4% against the dollar and now trades at $0.0517 or 0.00000078 BTC.
• P2P Solutions foundation (P2PS) traded up 3.3% against the dollar and now trades at $169.13 or 0.00258332 BTC.

Immutable X Profile

Immutable X’s launch date was July 18th, 2021. Immutable X’s total supply is 2,000,000,000 tokens and its circulating supply is 570,354,831 tokens. The official website for Immutable X is www.immutable.com. The Reddit community for Immutable X is https://reddit.com/r/immutablex/. Immutable X’s official Twitter account is @immutable and its Facebook page is accessible here. Immutable X’s official message board is www.immutable.com/blog.

According to CryptoCompare, “Immutable X (IMX) is a Layer-2 scaling solution for Ethereum, designed by the team behind Immutable, a blockchain gaming company. It uses zk-rollups to enable fast and cheap transactions with zero gas fees. IMX is used for building dApps and executing smart contracts on Ethereum with high throughput, reduced congestion, and lower costs, making it ideal for gaming, marketplaces, and NFTs. The IMX token is used for transaction fees, network security, and governance.”

Buying and Selling Immutable X

It is usually not currently possible to buy alternative cryptocurrencies such as Immutable X directly using U.S. dollars. Investors seeking to trade Immutable X should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Immutable X using one of the aforementioned exchanges.

IMX/USD price chart by TradingView