š Immutable (IMX) Token Unlock Leads the Week ā Whatās Next? š
š Between December 23 and December 30, the cryptocurrency market is set to release over $513 million in tokens, featuring cliff and linear unlocks from major projects like Immutable (IMX), Worldcoin (WLD), and Cardano (ADA).
š IMX Takes Center Stage
Largest Unlock: 24.52 million IMX tokens valued at $32.36 million will be released.
Supply Impact: This accounts for 1.45% of IMXās circulating supply, making it a significant event for the market.
š IMX Price Prediction
Short-term volatility: The token unlock may initially lead to selling pressure, causing minor price declines.
Recovery potential: As demand stabilizes, IMX could rebound, potentially targeting $0.60 - $0.75 in the medium term.
Long-term growth: With Immutableās focus on gaming and NFTs, IMX could see sustained upward momentum, reaching $1+ by late 2024 or early 2025.
š Market Context
These unlocks occur amid volatile market conditions, presenting opportunities for traders to capitalize on price swings and long-term investors to accumulate at potential dips.
āØ Stay Ahead
Track market trends closely as token unlocks reshape supply dynamics and influence price action.