Cryptocurrency Immutable's Price Increased More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency (IMX) has seen a 7.3% increase in price over the last 24 hours, reaching $1.43, and a 22.0% increase over the past week from $1.18. Despite the recent gains, it is still well below its all-time high of $9.52. Trading volume has decreased by 51.0% over the past week, while the circulating supply has slightly increased by 0.3% to 1.25 billion coins, approximately 62.59% of the maximum supply. IMX's market cap is currently ranked #37 at $1.80 billion.
November 23, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Immutable's cryptocurrency (IMX) has experienced a significant price increase of 7.3% in the last 24 hours and 22.0% over the past week, indicating a strong short-term bullish trend despite a decrease in trading volume.
The price increase of IMX is a strong indicator of bullish sentiment in the short term. However, the decrease in trading volume could suggest less market activity, which might temper the momentum. The increase in circulating supply is nominal and unlikely to have a significant impact. The market cap ranking provides additional context but does not directly influence short-term price movements.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100