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

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Projects that are nonfungible tokens (NFT), have suffered a severe price drop in the crypto ecosystem. However, the bearish current conditions have saved a few tokens from an imminent price crash.

Immutable X, an NFT-focused Layer-2 Scaling Solution for the Network that offers instant transactions and low gas costs for minting or trading 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