Cryptocurrency Immutable's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency, IMX, saw a 4.8% price increase over the last 24 hours, reaching $2.07. Despite a weekly trading volume decrease of 14%, the circulating supply rose by 3.56% to 1.46 billion, 72.84% of its max. Its market cap ranks #41 at $3.01 billion.
April 19, 2024 | 7:03 pm
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IMXUSD experienced a 4.8% increase in price to $2.07, with a slight uptick over the week. The trading volume decreased by 14%, while the circulating supply increased, affecting its market cap and volatility.
The price increase of IMXUSD, despite a decrease in trading volume, indicates strong demand and potential investor confidence. The increase in circulating supply without a significant price drop suggests a healthy market absorption, positively impacting its short-term price outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100