The post IMX Price Eyes 300% Breakout Rally as Immutable Aims Mobile Gaming appeared first on Coinpedia Fintech News
The IMX price has seen a sharp surge this September following a breakout from a short-term symmetrical triangle on the Immutable price chart. Riding on expanding partnerships, fresh bullish sentiment from a Fed rate cut, and a strong on-chain accumulation trend, IMX crypto appears to be entering in an undeniably new growth phase.
IMX Price Today Took A Breather: Will It Continue Rallying?
On the technical front, the IMX price today shows a slight breather after reflecting the strength seen in its recent September rally and stands at $0.8720 with a market cap of $1.64 billion. The ongoing breakout aligning with latest news by Immutable has drawn attention back to IMX crypto, signaling a possible trend continuation of its bullish structure.
This comes as risk appetite returns to the broader market following the Federal Reserve’s 0.25 basis point rate cut, yesterday. This renewed optimism has lifted Immutable as a standout player.
Now, the IMX price USD now eyes the $1 mark as the most next near-term barrier. Meanwhile the IMX price prediction from ongoing momentum suggests the potential to revisit 2024’s highs near $3.75 if the trend sustains.
Immutable’s Expanding Ecosystem Fuels Optimism
To this growth witnessed in September, the Immutable’s rapidly growing gaming ecosystem has been a key catalyst. With hundreds of active games and partnerships with major gaming names like Ubisoft and Netmarble, IMX is becoming a central platform for web3 gaming.
Recent onboarding of multi-generational franchises such as Solo Leveling has further boosted its presence and user base. Also, they are interested in onboarding more such franchises.
Adding to this, Immutable today announced the launch of its Mobile Gaming Division on September 19, aimed at accelerating web3 gaming adoption on mobile.
The division will focus on building tailored growth products, providing developer support, and making significant investments to onboard mainstream mobile game studios into the Immutable ecosystem.
Mobile Gaming Division Targets Mainstream Adoption
They think they need to tap into mobile gaming market which is generating over $121 billion annually. Following the Epic Games court case in April, developers can now link to external crypto payments on mobile without paying the traditional 30% fee. This change significantly reduces barriers for web3 game monetization, too.
Immutable has already seen three of its games reach the No. 1 position on app stores since April, and the new division aims to replicate this success across its broader portfolio.
This includes investing in major web2 mobile hits, enhancing web3 integration tools, and creating custom user growth products. Where the end goal will be to bring web3 gaming to mainstream mobile audiences.
On-Chain Data Signals Strong Accumulation
On-chain trends further support the bullish IMX price forecast. Santiment data reveals smaller holders, with 10 to 10,000 IMX, are exiting, while larger holders owning 10,000 to 10 million tokens are accumulating. Whale transaction counts above $100K and $1 million have surged, confirming institutional-scale interest.
Moreover, exchange outflows have consistently outpaced inflows in september, indicating strong conviction and a shift toward long-term holding. These accumulation patterns suggest that weak hands are being absorbed by stronger holders, reinforcing the case for continued upward pressure on IMX price.