Cryptocurrency Immutable Rises More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency (CRYPTO: IMX) has seen a 5.24% increase in price over the past 24 hours, reaching $2.29. Over the past week, IMX has gained 43.0%, rising from $1.56. Despite the recent gains, it is still well below its all-time high of $9.52. Trading volume has decreased by 82.0% over the past week, and the circulating supply has slightly decreased by 0.47%. IMX's market cap is currently ranked #28, valued at $2.96 billion.
December 15, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Immutable (IMX) has experienced a significant price increase of 5.24% in the last 24 hours and a 43% increase over the past week. The trading volume has decreased substantially, which could indicate a consolidation phase after the recent price surge.
The price increase of IMX is a strong positive signal for short-term impact, suggesting investor confidence and potential for further gains. However, the decrease in trading volume could either be a sign of market consolidation or waning interest after the initial surge. The current market cap ranking indicates a significant position in the cryptocurrency market, which could attract more investor attention.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100