IMX token surges as VanEck says release of new blockchain-based video games like Illuvium next year could boost value | Headlines | News | CoinMarketCap
12/09/2023 04:43
Immutable's IMX token surged on Friday after VanEck said the release of new blockchain-based video games next year could propel the price much …
Immutable's IMX token surged on Friday after VanEck said the release of new blockchain-based video games next year could propel the price much higher.
The token rose by over 7% on Friday to $1.56 as of 2:33 p.m. ET, according to The Block data.
"IMX is most likely to become a top 25 coin by market cap with the release of Illuvium, Guild of Guardians, and other high-budget games in 2024 and a well-designed token that aligns interests better than most," the investment manager said in a report published Thursday.
IMX is an ERC-20 utility token that powers the Immutable ecosystem.
IMX price move. Image: The Block's Price Page.
Multiple games in development
Built using Unreal Engine 5 and on ImmutableX’s blockchain, Illuvium, which has multiple games in development but none …