Since it's launch, the IMX token has experienced significant volatility, trading between $5-9 and now stands at roughly $0.80 with a historical low of around $0.30.
The trajectory of the IMX token indeed align with the principles of the J-Curve Theory. The initial period of high valuation post-launch, followed by a sharp depreciation, reflects the downward slope of the J-Curve. If we are assuming that the bottom of the curve was around $0.30 the subsequent recovery to the $0.80 region suggests the start of the upward slope.
For this reason, I'm willing to take the bet and started to DCA long-term spot position for IMX.
However, it's important to note that while the J-Curve Theory can provide useful framework for understanding these price dynamics, the cryptocurrency market's inherent volatility necessitates caution. I'll be closely monitoring the future trends of the IMX token to further verify the applicability of the J-Curve theory and inform potential investment desicions.
Trade active
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Trade active
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Idea playing out very well so far. This is just the beginning ofc.