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

Summary

This article provides a comprehensive review of IMX (ImmutableX) since its inception, analyzing historical prices and market fluctuations, combined with data from bull and bear market phases. It evaluates the potential returns for investors purchasing 10 IMX tokens and answers the key question, “Should I buy IMX now?” to help both beginners and long-term investors grasp timing and growth opportunities.

Bull Market Start and Early Market Cycle: 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 designed to reward network activity. According to records, 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%

2023

• Opening Price: $0.45026
• Closing Price: $2.13
• Highest Price: $2.38
• Lowest Price: $0.45026
• Annual Return: 373.24%

An investor who bought 10 IMX in 2021 and sold at the end of 2023 would see a potential loss of -54.2772%; if holding until the end of 2023, the potential loss is -1.7496%.

Bear Market Adjustment and Mid-term Market Cycle: Return and Risk Analysis (2022 to 2023)

During this period, IMX experienced significant volatility. In 2022, amid a crypto market bear, the price dropped from $3.74 to $0.38558, a decline of 89.69%. Subsequently, in 2023, it rebounded strongly, with an annual return of 373.24%, demonstrating the market’s cyclical nature.

Recent Market Cycle: Should I buy IMX now? (2024 to 2026 so far)

In recent years, IMX has undergone a continuous downward correction, with the market facing prolonged downward pressure.

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: $0.2753
• Closing Price: $0.2753
• Highest Price: $0.2753
• Lowest Price: $0.2753
• Annual Return: 0%

The potential returns for an investor purchasing 10 IMX during this period are:

• 2024: -16.271%
• 2025: -9.426%
• 2026 so far: 0%

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

By analyzing IMX’s historical prices and potential returns, we see that the token has experienced a significant long-term downtrend since 2021. From a high of $7.98 (2021) to the current $0.2753 (2026), the decline exceeds 96%. Investors should carefully evaluate whether the current stage is suitable for accumulation, considering project fundamentals, market environment, and personal risk tolerance.