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

Summary

This article provides a comprehensive review of the historical prices and market fluctuations of IMX (Immutable X) since its inception, combining data from bull and bear market phases to evaluate the potential returns for investors purchasing 10 IMX tokens. It also addresses 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 Cycles: Historical Price Review (2021 to 2023)

Immutable X is a Layer 2 (L2) scaling solution for NFTs on Ethereum, featuring instant transactions, large-scale scalability, and zero gas fees. IMX is an ERC-20 utility token used to reward network activity. Records show its early trading price was approximately $5.7.

Below are the price changes of IMX during the initial market phase:

2021

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

2022

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

An investor who bought 10 IMX in 2021 and sells today would face a potential loss of -55.23%.

Bear Market Adjustment and Mid-Phase Market Cycle: Return and Risk Analysis (2022 to 2024)

During this period, IMX’s price experienced significant volatility. After a sharp decline in 2022, a strong rebound occurred in 2023, followed by another correction in 2024.

Potential returns for investors purchasing 10 IMX at different times are as follows:

• 2022: -35.62%
• 2023: -2.71%
• 2024: -17.23%

Recent Market Cycle: Should I Buy IMX Now? (2024 to 2026 so far)

In the past two years, IMX has continued its downward trend, requiring investors to carefully assess current risks and opportunities.

2024

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

2025

• Opening Price: $1.22
• Closing Price: $0.2737
• Highest Price: $1.22
• Lowest Price: $0.2243
• Annual Return: -77.53%

2026 (so far)

• Opening Price: $0.2681
• Closing Price: $0.1796
• Highest Price: $0.2743
• Lowest Price: $0.1777
• Annual Return: -33.01%

Potential returns for purchasing 10 IMX during this period are:

• 2024: -17.23%
• 2025: -10.38%
• 2026 so far: -0.89%

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

By analyzing IMX’s historical prices and potential returns, we see a long-term downward trend since its peak in 2021, with prices dropping from $5.7 to around $0.18. Regardless of when investors buy, the current position involves negative returns. IMX is now at a historical low, and investors should carefully evaluate whether this is an appropriate entry point based on the development prospects of the Immutable X network and market recovery potential.