Immutable

Today's state: Immutable is trading at $0.096961 with a $0.1 billion market capitalization (rank #146). The price moved -8.10% over the past 24 hours and is -13.60% over 7 days; the 30-day move stands at -22.60% and the 90-day at +0.00%.

Position vs cycle: A drawdown of more than 70% from the last cycle high puts the asset firmly in deep-bear territory, where recoveries have historically required a fresh demand catalyst rather than mere mean-reversion.

Volatility and structure: 30-day realized volatility of 50.6% annualized is moderate for an asset this size. Our composite multi-horizon Price Strength reads Neutral (41/100), with the timeframes pulling in different directions and no clean directional read.

To place IMX in the wider market, its 90-day return correlations against the two other largest layer-1s show whether it trades as crypto-market beta or on its own drivers. The Pearson figures across daily log returns:

• Bitcoin reference: -0.03 — a minimal negative relationship.
• Ethereum reference: -0.03 — a minimal negative relationship.
• Solana reference: -0.06 — a minimal negative relationship.

Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.

Immutable (IMX) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.0970 as of the latest update, with a 24-hour move down 8.10%, placing it at rank #271 by market capitalisation among all listed digital assets. Immutable's current market cap stands at $85.28M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Immutable across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Immutable powers an on-chain game or virtual-world economy. Players earn, spend, or own the token as part of gameplay, and its demand ultimately depends on how many people actively play and trade within that ecosystem.

Immutable (IMX) is a mid-cap asset in the broad top 250, ranked #146 among all tracked tokens by capitalisation. Its focus is gaming-focused Ethereum scaling, and launched in 2021. Only about 44% of the eventual IMX supply is circulating so far (879.47M of 2.00B), so future unlocks remain a meaningful dilution variable. It currently trades about 99% below its all-time high of $9.52 set in March 2024.

Immutable ties token utility to a game or virtual world: it may be the in-game currency, the governance asset over the ecosystem, or the settlement layer for player-owned items (often NFTs). The token tends to track player engagement and content releases far more than broad-market technicals — a successful update or partnership can re-rate it independently of crypto-wide moves.

Immutable (IMX) is a mid-cap asset in the broad top 250, ranked #146 among all tracked tokens by capitalisation. Its focus is gaming-focused Ethereum scaling, and launched in 2021. Only about 44% of the eventual IMX supply is circulating so far (879.47M of 2.00B), so future unlocks remain a meaningful dilution variable. It currently trades about 99% below its all-time high of $9.52 set in March 2024. Its fully-diluted valuation of $193.92M is about 2.3× the circulating market cap of $85.28M, a gap that signals issuance overhang to factor into any longer-term thesis.

Within its world, Immutable buys and trades in-game assets, pays out gameplay rewards, votes on the game economy and (for metaverse projects) purchases virtual land. Everything ultimately hinges on one thing: whether the game keeps an active, paying audience.

Daily turnover is unusually high at roughly 12% of market cap ($10.48M traded in 24 hours), the kind of liquidity that reflects an active news or trading cycle.

To read Immutable's tokenomics, look at the issuance schedule, the share of supply already in circulation, and the gap between market cap and fully-diluted valuation. Only 44.0% of maximum supply is currently circulating, meaning future emissions remain a meaningful source of structural sell pressure. Issuance velocity and unlock schedules become important variables in any longer-term thesis. The fully diluted valuation (FDV) of $0.2 billion stands at 2.3× the current circulating market cap of $0.1 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

Whether the tokenomics help or hurt comes down to value accrual versus dilution — fee burns, reinvested staking yield and TVL growth on one side, scheduled emissions on the other. A favourable balance lets price grind higher without hype; an unfavourable one means the asset must keep attracting demand just to absorb issuance.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

The cross-asset relationships worth watching: the dollar index (DXY), historically inversely correlated with crypto over longer windows; the 10-year Treasury yield, a proxy for the cost of risk capital; gold, which sometimes shares a "monetary hedge" framing with Bitcoin during regime changes; and the S&P 500, which during liquidity-driven moves often rhymes with crypto despite the "uncorrelated" narrative.

Zooming in on Immutable, the most reliable leading indicator has tended to be crypto-native liquidity itself — aggregate stablecoin supply, open interest in futures, and exchange volume. Rising on-chain liquidity has historically pulled IMX up; draining liquidity has done the opposite. With a comparatively loose 90-day BTC correlation of -0.03, IMX has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

The risks cluster around the game itself: dependence on one studio sustaining engagement, the well-documented collapse pattern of reward economies once new-user growth stalls, reliance on NFT liquidity, and the execution risk of multi-year development. Broad market and regulatory risks apply on top.