Immutable token (IMX) has experienced a significant surge in value, jumping over 45% within the past 24 hours. This rapid rise follows rumors of a multi-million dollar collaboration with the blockchain company Immutable, and speculation surrounding its potential impact on the IMX price. While analysts predict a further rise to potentially reach 100%, indicators suggest that this could be followed by a short-term pullback. IMX’s surge, coupled with a broader market rally in the cryptocurrency sector, has propelled it into the top 100 cryptocurrencies and solidified its position in the digital asset space. Key factors driving this price increase include: rumors of a multi-billion dollar collaboration that is expected to be announced today; and a positive sentiment within the broader crypto market. While some analysts predict a further surge, IMX’s RSI (Relative Strength Index) has recently reached 85, indicating an increase in overbought territory which could potentially lead to a correction.