Cryptocurrency Immutable Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency, IMX, has seen a 3.53% increase in price over the last 24 hours to $1.84, despite a 10% decrease over the past week from $2.05. The coin's all-time high is $9.52. Trading volume has decreased by 54% over the past week, while the circulating supply has increased by 0.8% to 1.33 billion, which is 66.51% of the max supply. IMX's market cap is currently ranked #38 at $2.45 billion.
January 24, 2024 | 7:02 pm
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IMXUSD has experienced a short-term price increase of 3.53% to $1.84, contrasting with a weekly decline of 10%. The trading volume has decreased significantly, which could indicate a lower investor interest or consolidation phase.
The short-term increase in IMXUSD's price could attract temporary interest from traders, but the significant decrease in trading volume and the recent weekly loss may dampen investor enthusiasm, leading to a neutral short-term impact. The increase in circulating supply without a corresponding increase in trading volume could also suggest a potential for price pressure if demand doesn't pick up.
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