Cryptocurrency Immutable's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency (CRYPTO: IMX) has seen a price increase of 3.36% in the last 24 hours, reaching $2.77, despite a 7.0% decrease over the past week from $2.93. The coin's all-time high is $9.52. Trading volume has decreased by 42.0% over the past week, and the circulating supply has slightly decreased by 0.16% to over 1.42 billion, which is 71.15% of its max supply of 2.00 billion. Currently, IMX's market cap ranks it at #34 with a value of $3.93 billion.
April 03, 2024 | 3:02 pm
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Immutable's (IMX) price increased by 3.36% to $2.77, contrasting with a 7% weekly loss. Trading volume decreased by 42%, and its market cap is now $3.93 billion, ranking it #34.
The short-term price increase of 3.36% in IMXUSD indicates a positive market reaction, potentially attracting more investors despite the recent weekly loss and decreased trading volume. The decrease in circulating supply could also suggest a tightening supply, possibly supporting the price increase. However, the significant drop in trading volume and the recent weekly loss might indicate underlying volatility and investor caution, which could temper the positive impact.
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