Cryptocurrency Immutable's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency, IMX, saw a price increase of 5.65% in the last 24 hours, reaching $2.38. Over the past week, its price has risen over 8%, from $2.21. Despite a 32% drop in trading volume this week, the circulating supply of IMX increased by 0.65% to 1.36 billion, 67.77% of its max supply. Currently, IMX's market cap ranks #29 at $3.24 billion.
February 09, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Immutable's IMX experienced a 5.65% price increase to $2.38, with a weekly gain of over 8%, despite a 32% fall in trading volume. The circulating supply rose to 1.36 billion, making up 67.77% of its max supply.
The price increase of IMX, despite a decrease in trading volume, indicates strong market confidence in the asset. The increase in circulating supply without negatively impacting the price further supports the positive outlook. The asset's performance and its ranking improvement in market cap suggest a bullish short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100