Cryptocurrency Immutable Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency, IMX, has seen a 5.45% decrease in price over the last 24 hours, continuing a negative trend with a 7% loss over the past week. Despite the price drop, trading volume has increased by 13%, while the circulating supply decreased by 0.31%. Currently, IMX's market cap ranks #37 at $3.46 billion.
April 12, 2024 | 3:02 pm
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IMXUSD experienced a 5.45% price decrease over the last 24 hours, with a 7% loss over the past week. The trading volume has increased by 13%, despite a decrease in circulating supply.
The significant price decrease of IMXUSD over both the last 24 hours and the past week, combined with an increase in trading volume and a slight decrease in circulating supply, suggests a negative short-term impact on its price. The market's reaction to these factors typically results in downward pressure on the asset's price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100