Immutable X Reaches Self Reported Market Cap of $1.89 Billion (IMX)

Immutable X (IMX) traded 13.2% lower against the dollar during the 24-hour period ending at 15:00 PM ET on November 1st. Immutable X has a total market capitalization of $1.89 billion and approximately $99.35 million worth of Immutable X was traded on exchanges in the last day. One Immutable X token can now be purchased for about $1.13 or 0.00001632 BTC on cryptocurrency exchanges. In the last seven days, Immutable X has traded 20.1% lower against the dollar.

Here’s how other 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 down 2.2% 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 2.2% lower 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.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.5% lower against the dollar and now trades at $69,275.53 or 1.00066814 BTC.
• SolvBTC (SOLVBTC) traded 1.6% lower against the dollar and now trades at $69,219.83 or 0.99986350 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Immutable X Token Profile

Immutable X was first traded on July 18th, 2021. Immutable X’s total supply is 2,000,000,000 tokens and its circulating supply is 1,670,248,659 tokens. Immutable X’s official Twitter account is @immutable and its Facebook page is accessible here. 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 message board is www.immutable.com/blog.

According to CryptoCompare, “Immutable X (IMX) is a layer-2 scaling solution for NFTs on Ethereum, offering gas-free transactions and scalability through zk-rollups. The IMX token is used for transaction fees, staking, governance, and user incentives within the Immutable X ecosystem. It was created by Immutable, an Australian firm, to address Ethereum’s scalability limitations for NFTs.”

Buying and Selling Immutable X

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

IMX/USD price chart by TradingView