Cryptocurrency Immutable Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency, IMX, has seen a 5.03% decrease in price over the last 24 hours, falling to $2.94. Despite this recent drop, IMX has gained 9.0% over the past week. Trading volume for IMX has decreased by 10.0%, while its circulating supply has increased by 2.82% to over 1.42 billion, making up 71.15% of its max supply. Currently, IMX's market cap ranks it 34th at $4.16 billion.
March 27, 2024 | 3:03 pm
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NEGATIVE IMPACT
Immutable's IMXUSD experienced a 5.03% decrease in price to $2.94 over the last 24 hours, despite a 9.0% increase over the past week. The trading volume has decreased by 10.0%, and the circulating supply has risen by 2.82% to over 1.42 billion.
The short-term price direction for IMXUSD is likely to go down due to the recent 5.03% decrease in price. This negative movement contrasts with its positive trend over the past week, indicating potential volatility. The decrease in trading volume suggests lower market activity, which could further impact the price negatively in the short term. However, the increase in circulating supply might put additional downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100