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Immutable X gains 50% following the close of a $200M fundraising round -Breaking

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The price fall across cryptocurrency has been very hard on nonfungible token projects (NFT), and current bearish market conditions have not spared many tokens.

Immutable X, an NFT-focused Layer-2 Scaling Solution for the Network that offers near instant transactions and no gas fees for trading and minting, is one project trying to get its feet back on firm ground.

IMX/USDT 4-hour chart. Source: TradingView
OpenSea Monthly Volume on Ethereum. Source: Dune Analytics
VORTECS™ Score (green) vs. IMX price. Source: Cointelegraph Markets Pro