Cryptocurrency Immutable Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Immutable (IMX) experienced a 4.1% decrease in price over the last 24 hours, continuing a downward trend to $3.2. Despite this, its trading volume increased by 17.0% over the past week, and its circulating supply rose by 1.33% to 1.39 billion, representing 69.46% of its max supply. Currently, Immutable's market cap ranks #26 at $4.43 billion.
February 28, 2024 | 7:03 pm
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Immutable (IMX) has seen a 4.1% decrease in price to $3.2, with an increase in trading volume and circulating supply. Its market cap is now $4.43 billion, ranking it #26.
The price drop of 4.1% in Immutable (IMX) indicates a negative short-term impact on its valuation, despite the increase in trading volume and circulating supply. The market cap ranking at #26 suggests a significant position in the cryptocurrency market, but the price trend could indicate investor caution or a market adjustment. The increased trading volume and supply might not have been enough to counteract the price decrease, leading to a negative outlook in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100