Cryptocurrency Immutable Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Immutable (CRYPTO: IMX) has seen a price decrease of 5.79% in the past 24 hours, continuing a week-long downward trend of 18.0%. Trading volume has increased by 46.0% over the past week, while the circulating supply has decreased by 0.5%. The current market cap ranking for IMX is #47 at $2.68 billion.
June 13, 2024 | 7:03 pm
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Immutable (CRYPTO: IMX) has experienced a significant price drop of 5.79% in the past 24 hours, continuing a week-long decline of 18.0%. Despite the price drop, trading volume has surged by 46.0%, indicating increased market activity. The circulating supply has slightly decreased by 0.5%, with the current market cap ranking at #47 and valued at $2.68 billion.
The significant price drop of 5.79% in the past 24 hours, along with an 18.0% decline over the past week, indicates a bearish trend for Immutable (IMX). The increased trading volume suggests heightened market activity, but the overall negative price movement is likely to impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100