🧐👉 Immutable X Flips Ethereum in NFT Sales: Can IMX Price Double?

**Immutable X (IMX) Surpasses Ethereum in NFT Sales Volume! 🚀**Immutable X, an Ethereum-based Layer-2 scaling solution, has achieved a significant milestone by outperforming Ethereum in weekly NFT sales volume. This platform is specifically designed to revolutionize NFT trading by offering a fast, gas-free, and highly scalable experience.### About Immutable X Platform ✨Immutable X leverages **ZK-Rollups** technology to aggregate multiple transactions into a single proof, drastically reducing the load on the Ethereum mainnet. This innovative approach enables:* **Gas-free NFT trading**: Users can trade NFTs without incurring gas fees, as these are subsidized by the platform's ecosystem using IMX tokens.* **Faster transaction times**: Near-instant settlement for NFT trades.* **Enhanced scalability**: Significantly improves the capacity for NFT transactions on the Ethereum network.* **Mainnet security**: Maintains the robust security of the Ethereum mainnet through Zero-Knowledge proofs.* **ERC-721 compatibility**: NFTs minted on Immutable X remain compatible with other Ethereum-based platforms and wallets.### Historic NFT Sales Volume 📈Recent data from CryptoSlam shows Immutable X's NFT sales volume soaring to over **$34.9 million** in the last seven days, marking a 23% increase. This impressive surge allowed Immutable X to surpass major chains like Ethereum ($25.8 million), Solana, Avalanche, and Mythos, establishing itself as the leading player in the NFT space. Key drivers for this growth include:* **Guild of Guardians Heroes**: Sales jumped by 21% to over $20 million.* **Guild of Guardians Avatars NFTs**: Sales rose by 18% to $8.1 million.* **Gods Unchained Cards**: Sales soared by 41% to $6.5 million.### Challenges and Concerns 📉Despite the monumental achievement, Immutable X faces certain challenges:* **Declining Active Wallets**: The number of unique active wallets interacting with Immutable's games dropped by 17% in the last 30 days to 1 million, positioning it as the fifth-largest player in the gaming industry.* **Increasing IMX Token Supply**: The supply of IMX tokens on exchanges has surged from 136 million in March to 174 million, potentially exerting downward pressure on the token's price.### IMX Token Technical Analysis 📊The IMX token has been in a downtrend, hitting a critical support level at $0.3458. However, a bullish **double-bottom pattern** has formed, suggesting a potential reversal. If this support holds, IMX could see a significant rebound, possibly surging by 98% towards the pattern's neckline at $0.8100. A drop below $0.3458 would invalidate this bullish outlook. As of the latest check, IMX was trading around $0.415, showing a slight rebound from recent lows.Immutable X's journey continues to be a focal point in the Web3 landscape. While its dominance in NFT sales volume is a testament to its innovation, addressing ecosystem challenges will be crucial for sustained growth and the future performance of the IMX token. Stay tuned for more updates! 🌐

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