The price of Immutable X ($IMX ) is currently at $1.7. Under current circumstances, for IMX to rise to $8, it needs to grow more than 4 times. And while this is not such an impossible situation, given the active development of NFTs and the growing interest in Immutable X, such jumps always require a very powerful catalyst.
In particular, the possibility that IMX will reach $8 by 2025 is estimated at 25-30%. This is an optimistic forecast given the stability of the cryptocurrency market and the fact that it can be affected by major changes in the economy, technology and legislation. So the chances are there, but it would be more realistic to expect somewhat slower growth, unless there is a major breakthrough in NFT or DeFi that could significantly increase demand for the platform.
So, if you are willing to take risks and have faith in this technology, the chances of growth are there, but not too great.
