Power to the Players. Money to the Chads - Immutable X

Immutable X

Good morning GentleChads and GentleStacys. I propose we buy 1 ETH worth of Immutable X at $2.40-3.00 with an aim to vote for moon or sale at the point of a 100% increase.

Who/What is Immutable X?

ImmutableX is an ERC20 token built to be a layer 2 coin focussed solely on improving the current market place processes in the NFT world. Not only does ImmutableX allow any P2P trading to be done with 0 gas fees, but they also provide a simple to use API to help people build their smart contracts within hours. ImmutableX has the capability to support up to 9,000 transactions per second, whilst using the same security as mainnet Ethereum, which in comparison handles around 30 transactions per second. This will make transacting, minting or trading NFTs around 300 times faster than Ethereum for no gas fees. On top of this, every NFT traded or created using ImmutableX will be 100% carbon neutral. The way the ImmutableX achieve this is by having all of the components related to NFT interactions are built on simple REST APIs, giving the ability for feeless and fast transactions/minting. ImmutableX just announced a partnership with Gamestop who will be launching their NFT marketplace this year and launching a 100m gaming fund for NFTs (https://www.coindesk.com/business/2022/02/03/gamestop-taps-immutable-x-for-nft-marketplace-launches-100m-gaming-fund/) . Gamestop have been taken over by Ryan Cohen (former Chewy CEO) in 2021 and are currently in a huge transition from a brick and mortar strategy to building an unbeatable online presence. Gamestop are rumoured to be bringing NFTs to the gaming world, using technology to ensure users aren’t being robbed by gas fees! “Immutable X was founded by James Ferguson, a Forbes 30 Under 30 entrepreneur that previously led a software development team at a billion-dollar eCommerce company, and his brother Robbie Ferguson, a Thiel fellow and Forbes 30 Under 30 entrepreneur as well. The team consists of more than 100 members from different backgrounds like blockchain, FAANG, finance, fintech, and management consulting. It raised a seed round in 2018 and a $15 million Series A in September 2019. Investors included some of the “who is who” in blockchain investing, such as Coinbase, Naspers, Nirvana Capital, Apex Capital Partners, Continue Capital and Galaxy Digital.” - CoinMarketCap

Why Immutable X?

Firstly, the current price. Its sitting around the $2.50 mark and this coin hit a peak of $9.30 back in November, and this was prior to any connections with the fascinating Gamestop saga. The majority of its lifespan, this coin has sat at around $4 on average which alone without any of these exciting future plans, shows this coin has room to manoeuvre. Just reaching this price alone will be a nice healthy gain, but I am confident this could reap us way more. This coin is sitting at a dangerously low price, considering likely in the next year upon the release of Gamestop’s NFT market place there is potential for this coin to shatter through its ceiling ATH price of $9.30. The hype has only just begun, with the partnership being announced merely a week ago. We have seen no tangible moves from Gamestop or Immutable X since this first announcement, and I feel one small move is all it will take to get this coin moving again. Year to date, we are sitting at around 50% down, and we haven’t seen a huge shift in the price since the Gamestop announcement just yet (lucky us!). No doubt, over the coming year there are going to be some explosive announcements from the likes of Gamestop, Immutable X and Loopring who are all tied closely together. Gamestop currently has a cult following of millions across r/wallstreetbets, r/superstonk and r/gmejungle and already have 10’s of millions of customers worldwide. Just a small percentage of these people ape-ing into Immutable X, Loopring and using the coming NFT platform is going to be huge and now it looks like it’s a really tasty time to get in on this wild ride.

Track Record

The inception of this coin was in May 2021 and it opened at around $4.45. Immutable raised a $65 million Series B in September led by BITKRAFT Venture and King Rival Capital. In late November 2021, the coin peaked at a price of $9.18. Since then, the coin has slowly stooped down to a low of around $2.50 and they have just dropped the announcement of their partnership with Gamestop.

Why the obsession with Gamestop ? (I can’t stop, I won’t stop!)

Because we are fuckin’ Wall Street Chads. We are better than Wall Street! If you aren’t aware of the current situation with Gamestop, go check our r/Superstonk or r/GMEJungle and have a read about the questionable short selling practices that have been taking place for years. This time the hedgies targeted Gamestop, a beloved gaming haven for nerds worldwide and you don’t fuck with the gamers. Gamestop is inevitably on a path to become one of the global dominating brands in the next few years, and with Ryan Cohen at the helm I am jacked to the fucking tiddys! Go check out his past work and people’s views on him when he transformed Chewy into one of the largest pet store brands in America and tell me you aren’t jacked too! Any company tied into partnerships with this future Amazon crusher are sure to enjoy a fruitful few years - Immutable X being one and Loopring also.

Exit Strategies

Happy Path - Hold for 6-9 months, hold a vote to sell or hold once gains have reached 100%. If gains don’t hit 100% a vote to be held at the end of the 9 month period to sell or hold. Sad Path - Hold for 6-9 months and if value drops by 50% during this period, hold a vote to sell or hold. At the end of the 9 month period if we are still trading sideways, hold a vote to sell or hold.

Short Conclusion

Buy 1 ETH worth of ImmutableX at a range between $2.40-3.00 with aim to vote at a price of $4.80-6.00 of whether to sell or hold.