Trade Alerts
02/02/2024
These are not Trends – These are Revolutions!
Artificial Intelligence and Cryptocurrencies were two of the hottest market sectors in 2023, and we believe they are only just starting.
We’re are therefore excited to announce Immutable (IMX) as a new exciting addition to our cryptocurrency picks for 2024 in the Adventurous Bold risk category.
Immutable has been on our radar for quite some time, and it aligns perfectly with our investment philosophy at SPI-Club. This layer-2 platform is at the heart of the booming crypto gaming industry, making it a standout choice for our portfolio.
The Fee Problem Solved – Immutable has garnered significant attention, and for good reason. It addresses the notorious fee problem that has plagued many blockchain applications, especially on Ethereum’s main chain.
While the concept of gamers earning money and having ownership in the games they play is enticing, the high transaction costs on Ethereum hindered its practicality.
IMX has successfully tackled this issue, establishing itself as the go-to platform for crypto game development. DeFi Llama’s research shows that developers are flocking to IMX, fuelling steady growth.
Powerful Partnerships – One of the standout features of IMX is its impressive roster of partnerships. Collaborations with industry giants like Warner Bros., Microsoft, Amazon, EA, SEGA, Epic Games, Ubisoft, and GameStop emphasize the platform’s growing significance.
The involvement of such enterprises in the decentralized gaming space underscores the rapid expansion of this trend.
A Thriving Gaming Market – The gaming sector is experiencing explosive growth, providing a strong foundation for IMX’s potential success. With over 3 billion gamers worldwide and no signs of the industry slowing down, the market is ripe for innovation.
Remarkably, despite the gaming industry’s overall valuation of $385 billion, crypto gaming accounts for just $3 billion of that total. This means crypto gaming represents only 0.7% of the entire gaming market, leaving vast room for growth.
Crypto.com Research predicts that by 2030, crypto gaming will contribute a staggering $90 billion to the gaming industry’s revenue.
Timing is Everything – Over the past two years, the global crypto gaming industry has attracted $5.6 billion in investments. Many games developed during this period are scheduled for release in the first half of 2024. We anticipate a rush of users and capital flooding into this space, making it a strategic move to hold IMX leading up to and during this launch period.
IMX as the Preferred Launch Platform – Immutable stands out as the preferred launch platform for numerous games due to its affordability and scalability. Illuvium, Deadrop, Maplestory, and many other titles have chosen IMX.
You can experience these games live on IMX here. Rather than focusing on a single upcoming game, we believe the most significant returns will come from investing in the infrastructure layer of the crypto gaming industry through a proven platform like IMX.
Incorporating Immutable into the SPI-Club Model Portfolio aligns with our commitment to identifying promising opportunities and positioning our members for long-term success.
With its strategic advantages, IMX represents an exciting addition to our portfolio for 2024 and beyond.
Buy IMX up 13.33% overnight.
SPI-Club Innovate Disruptive Equities Update:
Artificial Intelligence’s (AI) impact on the stock market continues to grow.
Our 26 Model Portfolio Picks averaged an impressive 87.7% performance in 2023, showcasing the power of AI in investing. But remember, AI is not just a trend; it’s a revolution, and we’re only just beginning!
To fuel this revolution, we’ve added Photronics Inc (NASDAQ: PLAB) to our AI and Microchip Sector.
For in-depth statistics and analytics, check out our Model Portfolio in the members area, and stay tuned for a detailed Trade Alert on Photronics next week.
Buy Photronics Inc, up 3.97% at yesterday’s close. Be part of the AI Revolution!
That’s it for now, happy investing.
Warmest regards,
Stuart Langan
SPI-Club Founder
Our “DIY”, “Done for YOU”, or “Done with YOU services”
Disclaimer: SPI-Club provides information and guidance but does not offer investment advice. Please conduct your research and consult with financial professionals before making any investment decisions.