Cryptocurrency Immutable Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency (IMX) has seen a 4.64% increase in price over the last 24 hours, reaching $1.97, despite a 5.0% decline over the past week from $2.05. The all-time high for IMX is $9.52. Trading volume has decreased by 32.0%, and the circulating supply has dropped by 1.33%, with a current market cap ranking of #37 at $2.59 billion.
January 10, 2024 | 7:00 pm
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POSITIVE IMPACT
IMXUSD has experienced a 4.64% increase in price over the last 24 hours to $1.97, despite a weekly decline. The trading volume has decreased significantly, and the circulating supply has also reduced.
The short-term price increase of 4.64% indicates a positive trend for IMXUSD, which could attract investor interest. However, the reduced trading volume and circulating supply suggest a potential decrease in market liquidity and stability, which could lead to volatility. The importance is rated at 75 due to the significant change in price and trading volume, which are key factors for short-term trading strategies. The confidence level is at 80, reflecting the clear data provided but acknowledging the unpredictable nature of the cryptocurrency market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100