IMX Historical Price and Return Analysis: Should I buy IMX now?

Summary

This article provides a comprehensive review of IMX (ImmutableX) since its inception, analyzing historical prices and market fluctuations, combined with data from bull and bear market phases. It evaluates the potential returns for investors purchasing 10 IMX tokens and answers the key question, “Should I buy IMX now?” to help both beginners and long-term investors grasp timing and growth opportunities.

Beginning of Bull Market and Early Market Cycle: Historical Price Review (2021 to 2021)

IMX is an NFT Layer 2 (L2) scaling solution on Ethereum. According to market records, its early trading price was approximately $5.7. As an ERC-20 utility token, IMX aims to reward activity on the Immutable X network, such as trading, liquidity provision, and application development.

Below are the price changes of IMX during the early market:

2021 Year

• Opening Price: $5.7
• Closing Price: $4.95
• Highest Price: $7.98
• Lowest Price: $4.5
• Annual Return: -13.13%

An investor who bought 10 IMX in 2021 and sells today would face a potential return of -54.61%.

Bear Market Adjustment and Mid-term Market Cycle: Return and Risk Analysis (2022 to 2023)

During this period, IMX’s price experienced sharp declines and rebounds, initially dropping significantly in 2022 due to the overall crypto bear market, followed by a strong rebound in 2023.

Below are the potential returns for investors purchasing 10 IMX during bear or consolidation phases:

2022 Year

• Opening Price: $3.74
• Closing Price: $0.38558
• Highest Price: $4.14
• Lowest Price: $0.38558
• Annual Return: -89.69%
• Potential Return: -34.99%

2023 Year

• Opening Price: $0.45026
• Closing Price: $2.13
• Highest Price: $2.38
• Lowest Price: $0.45026
• Annual Return: 373.24%
• Potential Return: -2.08%

Recent Market Cycle: Should I Buy IMX Now? (2024 to 2025 so far)

In the past two years, IMX has entered a phase of volatility and correction, with a mild decline in 2024 and greater pressure in 2025 so far. The market focuses on IMX’s long-term application prospects and the development of the L2 ecosystem.

2024 Year

• Opening Price: $1.9
• Closing Price: $1.45
• Highest Price: $3.42
• Lowest Price: $1.1
• Annual Return: -23.99%

2025 Year (so far)

• Opening Price: $1.22
• Closing Price: $0.2425
• Highest Price: $1.22
• Lowest Price: $0.2243
• Annual Return: -80.09%

The potential returns for an investor purchasing 10 IMX during this period are:

• 2024: -16.60%
• 2025 so far: -9.75%

Conclusion: Bull Market, Bear Market, and Investment Timing Analysis

By analyzing IMX’s historical prices and potential returns, we see that the asset has shown a long-term declining trend since 2021. After a strong rebound in 2023, it faces downward pressure again. When evaluating whether to buy IMX, investors should recognize its high volatility and the risks associated with the current downtrend, while also considering the long-term application value and competitive position of Immutable X as an NFT L2 solution in the market.