REPOST : [ IMX/USDT ]-Steemit Crypto Academy | S6W1 | Team Trading Contest Post for Crypto-Empires by @imanthadd
I am reposting my article because it expired before it was curated. Dear professor @abdu.navi03, I will attach your homework evaluation screenshot below. Thank you.
I'm Imantha from Sri Lanka. The third week of the crypto academy has become very interesting with this contest. This is my confirmation that I join with team Crypto-Empires by prof. @reddileep. I hope that my team can win this competition with the lead and amazing support from our professor. I would like to thank the whole steemit team for organizing this.
We all know the gas fees for NFTs on the ETHEREUM blockchain is really high. This project is launched as a solution for that. They have developed APIs for a low fee NFT market places, games and other different applications with low carbon emissions. Almost every tech company is building their own NFT marketplace places these days. If you don’t know NFTs are non-fungible tokens that can be traded based on different concepts.
This immutable x coin can be traded on the most popular trading platforms like Binance, Gate.io, Coinbase exchange etc. I am doing my trading using the Binance platform. I choose IMX/USDT as my trading pair in my trading spot wallet on Binance.
Here in the image above, we can see the people behind this project. I think those people are very reputable people in the industry and can be trusted.
Recently I heard the news that the immutable x is going to be partnered with Gamestop(The largest video games retailer in the world). If you are a gamer, you will understand how important this is right?
Since lots of companies like GameStop can use immutable x to build their marketplaces, I hope this coin has a really big potential to increase the price in the future. As an example, the Gods unchained NFT marketplace is based on this immutable x. Likewise, if more companies invest in this, the IMX coin will rise significantly.
When I look at the 4 hours chart IMXUSDT we can clearly see that this coin is in a price downtrend and it’s heavily discounted right now by comparing to the original price. So, I think this is a huge buying opportunity for long time investors like me.
When we add the RSI indicator with Ichimoku cloud, we can clearly see that the RSI is below 30 and the price action is below the cloud. So, when a bullish trend begins, the price of this coin can rise significantly in my opinion.
When we look at the IMX coin's all-time history, its all-time high was $ 9.52 USD and currently, it is at its lowest. That's why I consider this is a huge buying opportunity because the coin is almost 600% discounted right now. Since I really trust this project as I described above, I hope this will explode and rise in the near future.
Here you can see I bought coins for 10.8 usdt. I hope to buy some more coins if the price of this coin falls more than 25% of the current level. For that purpose, I reserved another 10 usdt in my spot wallet for dollar-cost averaging purposes. I’m not planning to take profit partially because this will be a long term investment for me.
Price per coin = 1.808 usdt
Coins I bought = 5.98
Everyone’s trading style is unique and it depends on the various things like the capital they have. I see my investment as a successful one because I see a huge potential for this coin in the future. If anyone is also interested in this imx coin, you can do more research and make an investment. It totally depends on you, but I recommend it.