Cryptocurrency Immutable Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency, IMX, has experienced a 3.45% price drop over the last 24 hours, continuing a weekly decline of 11%. The trading volume has decreased by 47%, and the circulating supply has slightly dropped. Despite this, IMX maintains a market cap ranking of #37, valued at $2.64 billion.
January 18, 2024 | 3:02 pm
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NEGATIVE IMPACT
Immutable (IMX) has seen a significant price decline and drop in trading volume, indicating bearish sentiment in the short term.
The price and trading volume of IMX have both decreased substantially, which typically suggests a negative short-term impact on the asset. The reduction in circulating supply could be a mitigating factor, but the overall market sentiment seems bearish given the current trends.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100