Cryptocurrency Immutable Down More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's cryptocurrency, IMX, has seen a 7.64% decrease in price over the last 24 hours, continuing a negative trend with a 7.0% loss over the past week. Despite this, trading volume for IMX has increased by 16.0%, and its circulating supply has slightly risen. Currently, IMX's market cap ranks it 37th at $3.00 billion.
May 14, 2024 | 7:02 pm
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NEGATIVE IMPACT
IMXUSD experienced a 7.64% price drop in the last 24 hours, marking a continuation of its negative trend over the past week. Despite the price drop, an increase in trading volume and a slight rise in circulating supply were noted.
The significant price drop of 7.64% in the last 24 hours, coupled with a 7% loss over the past week, indicates a strong negative trend for IMXUSD. However, the increase in trading volume and circulating supply suggests some level of investor interest and market activity. The negative price movement is the primary factor for the short-term negative impact score, as it reflects current investor sentiment and market conditions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100