Introduction: Investment Comparison of MP vs IMX
In the cryptocurrency market, the comparison between MerlinSwap (MP) and Immutable (IMX) has been an unavoidable topic for investors. The two not only differ significantly in market cap ranking, application scenarios, and price performance, but also represent different positions in the crypto asset landscape.
MerlinSwap (MP): Since its launch, it has gained market recognition as the #1 Decentralized Exchange in the Bitcoin ecosystem, aiming to become the liquidity hub for BTC and Bitcoin eco-assets across Bitcoin layer2.
Immutable (IMX): Introduced as a layer 2 (L2) scaling solution for NFTs on Ethereum, it offers instant transactions, large-scale scalability, and zero gas fees for minting and trading without compromising user or asset security.
This article will comprehensively analyze the investment value comparison between MP and IMX, focusing on historical price trends, supply mechanisms, institutional adoption, technological ecosystems, and future predictions, attempting to answer the question investors care about most:
"Which is the better buy right now?"
I. Price History Comparison and Current Market Status
MerlinSwap (MP) and Immutable (IMX) Historical Price Trends
- 2025: MP reached its all-time low of $0.0002225 on November 21, 2025.
- 2024: IMX experienced its all-time high of $9.52 on November 26, 2021.
- Comparative analysis: In the current market cycle, MP has declined from its all-time high of $0.009488 to its current price of $0.0002251, while IMX has dropped from its peak of $9.52 to $0.3155.
Current Market Situation (2025-11-26)
- MP current price: $0.0002251
- IMX current price: $0.3155
- 24-hour trading volume: $9,890.39 (MP) vs $686,280.84 (IMX)
- Market Sentiment Index (Fear & Greed Index): 20 (Extreme Fear)
Click to view real-time prices:
II. Price History Comparison and Current Market Status
MerlinSwap (MP) and Immutable (IMX) Historical Price Trends
- 2025: MP reached its all-time low of $0.0002225 on November 21, 2025.
- 2021: IMX experienced its all-time high of $9.52 on November 26, 2021.
- Comparative analysis: In the current market cycle, MP has declined from its all-time high of $0.009488 to its current price of $0.0002251, while IMX has dropped from its peak of $9.52 to $0.3155.
Current Market Situation (2025-11-26)
- MP current price: $0.0002251
- IMX current price: $0.3155
- 24-hour trading volume: $9,890.39 (MP) vs $686,280.84 (IMX)
- Market Sentiment Index (Fear & Greed Index): 20 (Extreme Fear)
Click to view real-time prices:

II. Core Factors Affecting the Investment Value of MP vs IMX
Supply Mechanisms Comparison (Tokenomics)
- Magic: Maximum supply of 15 billion tokens with a deflationary model where transaction fees are burned
- Immutable X: Total supply of 2 billion IMX with a gradual release schedule over several years
- 📌 Historical Pattern: Deflationary models like Magic's tend to create upward price pressure over time, while controlled release schedules like IMX's aim to balance market supply with ecosystem growth.
Institutional Adoption and Market Applications
- Institutional Holdings: IMX has attracted more institutional interest, with Animoca Brands and Galaxy Interactive among its backers
- Enterprise Adoption: IMX has secured partnerships with major brands like GameStop, TikTok, and Disney, while Magic powers the Treasure ecosystem and is expanding to partner dApps
- Regulatory Stance: Both tokens operate in the gaming/NFT space which has faced less regulatory scrutiny than DeFi or stablecoins
Technical Development and Ecosystem Building
- Magic Technical Upgrades: Recent integration with Base network expanding cross-chain capabilities
- IMX Technical Development: Zero-knowledge proof scaling solution specifically designed for NFTs and gaming with up to 9,000 TPS
- Ecosystem Comparison: IMX has a more developed gaming ecosystem with 200+ projects including Gods Unchained and Guild of Guardians, while Magic powers the Treasure ecosystem with Bridgeworld and partner games
Macroeconomic Factors and Market Cycles
- Inflation Performance: Both assets are relatively new and haven't been tested through complete economic cycles
- Monetary Policy Impact: As gaming/NFT tokens, both are sensitive to broader crypto market conditions and risk sentiment
- Geopolitical Factors: Gaming and NFT markets tend to be less affected by geopolitical tensions compared to payment or store-of-value cryptocurrencies
III. 2025-2030 Price Prediction: MP vs IMX
Short-term Prediction (2025)
- MP: Conservative $0.000209343 - $0.0002251 | Optimistic $0.0002251 - $0.000276873
- IMX: Conservative $0.301056 - $0.3136 | Optimistic $0.3136 - $0.388864
Mid-term Prediction (2027)
- MP may enter a growth phase, estimated price range $0.000226891796 - $0.0003857160532
- IMX may enter a steady growth phase, estimated price range $0.316811264 - $0.436581376
- Key drivers: Institutional fund inflow, ETF, ecosystem development
Long-term Prediction (2030)
- MP: Base scenario $0.000393038825673 - $0.000510440033342 | Optimistic scenario $0.000510440033342 - $0.000699302845678
- IMX: Base scenario $0.3570464635584 - $0.510066376512 | Optimistic scenario $0.510066376512 - $0.65798562570048
View detailed price predictions for MP and IMX
Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Cryptocurrency markets are highly volatile and unpredictable. Always conduct your own research before making any investment decisions.
MP:
| 年份 |
预测最高价 |
预测平均价格 |
预测最低价 |
涨跌幅 |
| 2025 |
0.000276873 |
0.0002251 |
0.000209343 |
0 |
| 2026 |
0.00031624299 |
0.0002509865 |
0.000243456905 |
11 |
| 2027 |
0.0003857160532 |
0.000283614745 |
0.000226891796 |
25 |
| 2028 |
0.000491958136677 |
0.0003346653991 |
0.000261039011298 |
48 |
| 2029 |
0.000607568298796 |
0.000413311767888 |
0.000363714355741 |
83 |
| 2030 |
0.000699302845678 |
0.000510440033342 |
0.000393038825673 |
126 |
IMX:
| 年份 |
预测最高价 |
预测平均价格 |
预测最低价 |
涨跌幅 |
| 2025 |
0.388864 |
0.3136 |
0.301056 |
0 |
| 2026 |
0.4214784 |
0.351232 |
0.3336704 |
11 |
| 2027 |
0.436581376 |
0.3863552 |
0.316811264 |
22 |
| 2028 |
0.45672979968 |
0.411468288 |
0.21396350976 |
30 |
| 2029 |
0.586033709184 |
0.43409904384 |
0.2995283402496 |
37 |
| 2030 |
0.65798562570048 |
0.510066376512 |
0.3570464635584 |
61 |
IV. Investment Strategy Comparison: MP vs IMX
Long-term vs Short-term Investment Strategy
- MP: Suitable for investors focused on Bitcoin ecosystem growth and DeFi potential
- IMX: Suitable for investors interested in gaming and NFT market expansion
Risk Management and Asset Allocation
- Conservative investors: MP: 20% vs IMX: 80%
- Aggressive investors: MP: 40% vs IMX: 60%
- Hedging tools: Stablecoin allocation, options, cross-currency portfolio
V. Potential Risk Comparison
Market Risk
- MP: High volatility due to low market cap and trading volume
- IMX: Dependent on overall NFT and gaming market trends
Technical Risk
- MP: Scalability, network stability on Bitcoin layer 2
- IMX: Zero-knowledge proof technology reliability, Ethereum network congestion
Regulatory Risk
- Global regulatory policies may have different impacts on DeFi (MP) and NFT/gaming (IMX) sectors
VI. Conclusion: Which Is the Better Buy?
📌 Investment Value Summary:
- MP advantages: First-mover in Bitcoin ecosystem DEX, deflationary tokenomics
- IMX advantages: Established partnerships, robust gaming ecosystem, zero gas fees
✅ Investment Advice:
- New investors: Consider IMX for its more established ecosystem and partnerships
- Experienced investors: Diversify between MP and IMX based on risk tolerance
- Institutional investors: Evaluate IMX for long-term gaming/NFT exposure, MP for Bitcoin ecosystem growth potential
⚠️ Risk Warning: Cryptocurrency markets are highly volatile. This article does not constitute investment advice.
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VII. FAQ
Q1: What are the main differences between MP and IMX?
A: MP is a decentralized exchange in the Bitcoin ecosystem, while IMX is a layer 2 scaling solution for NFTs on Ethereum. MP has a deflationary token model, while IMX has a controlled release schedule. IMX has more established partnerships and a larger gaming ecosystem.
Q2: Which token has shown better price performance historically?
A: IMX has shown better historical price performance, reaching an all-time high of $9.52 in November 2021. MP's all-time high was $0.009488, but it has since declined significantly to its current price of $0.0002251.
Q3: How do the supply mechanisms of MP and IMX differ?
A: MP has a maximum supply of 15 billion tokens with a deflationary model where transaction fees are burned. IMX has a total supply of 2 billion tokens with a gradual release schedule over several years.
Q4: Which token has attracted more institutional interest?
A: IMX has attracted more institutional interest, with backers including Animoca Brands and Galaxy Interactive. It has also secured partnerships with major brands like GameStop, TikTok, and Disney.
Q5: What are the key technical features of each token?
A: MP has recently integrated with the Base network, expanding its cross-chain capabilities. IMX uses zero-knowledge proof technology for scaling, specifically designed for NFTs and gaming, with up to 9,000 transactions per second.
Q6: How do the long-term price predictions for MP and IMX compare?
A: For 2030, MP's base scenario predicts a range of $0.000393038825673 - $0.000510440033342, while IMX's base scenario predicts $0.3570464635584 - $0.510066376512. IMX is expected to have higher nominal values, but both tokens are predicted to show growth.
Q7: What are the main risks associated with investing in MP and IMX?
A: MP faces high volatility due to its low market cap and trading volume, as well as potential scalability issues. IMX's risks include dependence on NFT and gaming market trends, and potential Ethereum network congestion. Both face regulatory risks, which may impact their respective sectors differently.