The cryptocurrency market has been green for the past 24 hours. One of the closely followed cryptocurrency analysts especially draws attention to this metaverse coin project. According to the analyst, this week is bullish and you have a chance to prepare in advance. As Kriptokoin.com, we transfer the metaverse coin, which is on the analyst’s radar, to you.
This metaverse coin project prepares for the rise
The metaverse coin Immutable X, which the analyst follows closely, states that it is one of the projects that will grow again with the resumption of the bull season. The analyst says investors are currently looking for projects that provide investment. However, Immutable X does this. There is an important development in the project, which was announced in June.
The Metaverse coin project has $500 million in developer and venture funds. But most importantly, it’s the fastest Layer 2 rollup for Ethereum. So this developer funding and the fact that games have fast, inexpensive solutions helps Immutable X grow. It also announced its partnership with Gamestop for the NFT market this week.
254 million tokens unlocked
Analyst, who closely examined Immutable X a few months ago, conveys the developments in the metaverse coin. He states that the Team and more should be known about the value support of having Layer 2 for games and NFTs. On Friday, 254 million tokens will be unlocked. It’s known as part of Immutable X that all payouts and rewards have a lock-in period. This 254 million accounts for 12.7 percent of the total supply. That means lots of tokens. The analyst says there are more tokens.
- Percentage of tokens locked as of today: 74 percent, or just under 1.5 million IMX
- Percentage of unlocked tokens as of today: 26 percent or 510 million
The analyst says the following about the metaverse coin:
So when you look at these numbers, what actually happens is this. The number of unlocked tokens circulating increased by 50 percent from 510 million to 764 million. That’s when we add the 254 million released this week.
The number of locked tokens is still more than 50 percent. It will be 74 percent today and 62 percent after Friday.
According to the analyst, the metaverse coin is preparing to rise
The analyst says this development provides a long-term buying opportunity. The analyst included the following in his video sharing:
If you haven’t seen this before, this is what short-term bearish and long-term bullish look like together. It’s definitely a little weird. But if you love IMX and its fundamentals and opportunity for growth, this metaverse coin changes nothing. So, wait for the bottom, then buy. A big rise could come. Final advice. IMX is currently at 62c. Don’t worry about trying to catch at the bottom. If it drops 15 percent to 20 percent and you like the price there, buy it. Or step up by buying some head-to-toe. That’s what professionals do.
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