As a seasoned researcher with extensive experience in the crypto space, I’ve witnessed the ebb and flow of various trends within this dynamic industry. Recently, I’ve noticed a resurgence of interest in crypto gaming, with Immutable X leading the charge.
As a crypto investor, I’ve noticed an exciting resurgence in the crypto gaming sector, with Immutable X taking the helm. This development has significantly boosted IMX, the native token of their platform, causing it to send out robust bullish signals. Consequently, there’s been a noteworthy 10% increase in value since last week for investors and traders like myself who have capitalized on this trend.
Within Immutable’s own network, there has been a surge in action, marked by numerous game announcements over the past week. Separate from the excitement, Immutable is making strides and strengthening its hold in the crypto gaming sector.
Major News For The Crypto Gaming Industry
The Immutable platform for crypto gaming has demonstrated success, boasting a vibrant community of over 200 members that is expanding, drawing in even more game developers to create titles using Immutable.
The announcement that Immortal Rising 2 will be launching on Immutable has generated buzz for the platform. In a recent interview, Planetarium Labs CEO and Founder JC Kim expressed his enthusiasm about collaborating with Immutable, sharing his belief that this partnership will enable them to provide players with advanced gaming experiences.
“We are excited to join forces with Immutable to build Immortal Rising 2. This partnership marks a significant milestone in our mission to deliver cutting-edge gaming experiences,” Planetarium Labs CEO and Founder JC Kim said in a recent interview.
Following the impressive success of Immortal Rising 2 in South Korea and the global gaming market, with over 2 million downloads and generating a revenue of $24 million, Immutable is bringing on board a well-known game developer. This infusion of capital will be more than sufficient to enhance Immortal Rising’s systems. The second closed beta test for Immortal Rising is set to commence today, July 23rd, for the selected applicants, where an evaluation will take place.
In a recent blog post unveiled today, Immutable reported an impressive figure of over 380 active game development projects on their platform. Furthermore, they proudly announced that their zero-knowledge Ethereum virtual machine (zkEVM) is experiencing unprecedented growth, with a user base exceeding 2.2 million individuals.
Based on the evidence, it can be inferred that within the industry, Immutable’s platform enjoys a high degree of trust among developers. Consequently, this faith instills confidence in investors and traders, making IMX a promising investment opportunity.
Will Your Portfolio Be Evergreen?
IMX’s stance is a delicate balance between instability and security. The price has been supported at $1.458 since late June, but the barrier at $1.706 has remained steadfast against the bulls’ advances. A successful breach of this resistance could significantly impact IMX’s price, potentially in response to broader market movements among leading cryptocurrencies.
If the bulls manage to surpass $1.706, they will encounter a clear pathway toward $2. It’s crucial for investors and traders to remain patient in this situation. Should any indication emerge that today’s market downturn is merely short-term and not an omen of more significant declines ahead, it would be wise to hold onto their positions.
As an analyst, I believe that despite the current market downturn, IMX’s recent positive on-chain developments increase the likelihood of its continued growth.
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2024-07-23 22:34