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

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Projects that are non-fungible tokens (NFT) have suffered a severe price drop in the crypto ecosystem. The current bearish economic conditions have spared very few tokens from an imminent price crash.

Immutable X, an NFT-focused Layer-2 (L2) scaling solution that allows for () to be reestablished on firmer feet is one project.ETHNetwork designed for instant transactions, zero trading fees, and minimal minting or trading costs.

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