📈 Immutable X (IMX) has seen its price fluctuate recently, currently trading at $1.25 with a market cap of $1.85 billion and a daily trading volume of $76.34 million. Despite a 3.27% decrease in the past 24 hours, IMX has shown resilience with a 78% increase over the past year, outpacing many other cryptocurrencies.

📉 Concerns about IMX crashing to zero in July are circulating, but a closer look reveals a mixed outlook. IMX has faced volatility, with only 14 positive trading days out of the last 30 and an 87% drop from its all-time high. Its high inflation rate of 42.43% adds to these challenges.

🔍 Investors considering IMX in 2024 should weigh these factors. While it has shown growth and maintains strong liquidity, caution is advised due to recent volatility and inflation concerns.

Stay tuned for more crypto insights! 👍

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