Cryptocurrency Immutable Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Immutable (IMX) has seen a 3.75% increase in its price over the last 24 hours, reaching $2.26. This rise is part of a larger trend, with a 17.0% gain over the past week from $1.89. Despite the recent gains, it remains far from its all-time high of $9.52. The trading volume for IMX has decreased by 18.0% over the past week, while its circulating supply has dropped by 0.89% to 1.46 billion, which is 72.84% of its maximum supply. Currently, IMX's market cap ranks it 37th at $3.25 billion.
May 07, 2024 | 3:03 pm
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Immutable (IMX) has experienced a 3.75% increase in price over the last 24 hours, reaching $2.26, with a 17% gain over the past week. The trading volume has decreased by 18%, and the circulating supply has reduced by 0.89% to 1.46 billion.
The positive price movement of IMX over the past week, coupled with a significant gain in the last 24 hours, indicates strong market momentum that could attract more investors. However, the decrease in trading volume and circulating supply might raise concerns about liquidity and long-term supply dynamics. The overall market cap ranking improvement suggests increasing investor confidence and market recognition.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100