Immutable X Token Surges Over 20% on New Partnerships, AltSignals Token Sale Exceeds $1.2M
Immutable X (IMX) experienced a significant surge of over 20% on Thursday and Friday morning, reaching a high of $0.9290. This surge comes as a result of a series of new partnerships and announcements from the blockchain gaming and non-fungible token (NFT) platform.
Immutable X is a prominent blockchain network that focuses on gaming and NFTs, providing solutions to some of the main challenges faced by Ethereum’s ecosystem, such as high fees and slow transaction speeds. The platform’s native token, IMX, has emerged as the best-performing cryptocurrency in the industry following the recent rally.
The surge in IMX price can be attributed to the platform’s growing partnerships. On Thursday, the developers announced a new partnership with Helika Analytics, enabling creators in the ecosystem to conduct in-depth analysis using no-code tools. Additionally, Ef Defense, a developer utilizing Immutable tools, expressed its commitment to the Immutable zkEVM tool. The CEO of Ef Defense shared their belief that collaborating with Immutable will provide invaluable expertise in promoting web3 games, user communication, and platform development.
Immutable also revealed that the value of the pipeline of games within its ecosystem has surpassed $2.5 billion, following a recent partnership with Polygon. These collaborations and the platform’s growing network have contributed to the surge in IMX price.
Analyzing the token’s price prediction, the 4-hour chart illustrates a strong recovery, with the token surpassing last month’s low and breaching the key resistance level at $0.8420. It indicates that IMX may experience a retracement and retest the support level at $0.80.
In other news, AltSignals’ token sale has gained significant traction, raising over $1.2 million, which accounts for approximately 54% of the available tokens. The goal of this stage is to reach $2.25 million. AltSignals aims to incorporate artificial intelligence (AI) into the financial market, transitioning their profitable product into one that utilizes AI, neural language processing (NLP), and machine learning. Moreover, the platform will shift from a centralized network to a fully decentralized one, allowing $CHANCER token holders to participate in key activities and profit-sharing mechanisms.
Purchasing ASI tokens could prove advantageous for several reasons. First, the token’s price will increase by 12% in the next stage of the sale, providing an opportunity for token accumulation. Second, there is a notable demand for stocks and tokens in the AI industry, with assets like Intel, AMD, Nvidia, SingularityNET, and Fetch.ai experiencing substantial growth. Lastly, the Federal Reserve’s recent interest rate decision is expected to drive further crypto gains later this year.
Ultimately, the surge in the price of Immutable X token and the success of AltSignals’ token sale reflect the growing interest and investment in blockchain gaming, NFTs, and AI technologies. These developments contribute to the expansion and evolution of the crypto market, offering new opportunities and advancements within the industry.
