Immutable X is a new and upcoming blockchain that was built for gamers. In this article, I will explain the bullish and bearish case scenarios for this L2 blockchain.

Introduction:

Immutable X chain is a new and upcoming blockchain that is specifically designed for gamers and NFTs. It is a Layer 2 on top of Ethereum that houses many different game projects. This project has been getting a lot of hype in the last few months, but is it worth it?

Bullish reasons:

Immutable X is very attractive to blockchain gamers for a few key reasons.

1: Gas fees:

Immutable X has zero gas fees when transferring NFT's or tokens and when trading NFT's on the marketplaces. This makes it very attractive for gamers looking to easily interact with the blockchain.

2: Partnerships:

Immutable X has already partnered with polygon, so what's to say that it won't partner up anymore? With the NFT and blockchain game genre rising once again, it is safe to assume that Immutable X will have more partnerships.

3: Potential:

Immutable X has already partnered with polygon and the NFT and blockchain game genre is making a comeback. During the next bull run, Immutable X can 10x even from it's current marketcap.

Bearish reasons:

1: Price Correction

There is no secret that IMX coin pumped significantly during the past few months. It is very possible that a price correction is imminent.

2: Competition

With blockchains such as Polygon and Solana, there is significant competition for IMX. This can suppress their growth during the next bull run.