Cryptocurrency Immutable Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Immutable's (IMX) price has decreased by 5.59% in the last 24 hours, continuing a weekly decline of 12%. Trading volume increased by 29% over the week, with a circulating supply of 1.57 billion IMX, representing 78.64% of its max supply. The market cap is $1.98 billion, ranking #44.
September 02, 2024 | 7:02 pm
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NEGATIVE IMPACT
Immutable's price has dropped 5.59% in the last 24 hours, continuing a weekly decline of 12%. Despite the price drop, trading volume increased by 29% over the week, indicating heightened trading activity. The circulating supply is 1.57 billion, 78.64% of its max supply.
The significant price drop of 5.59% in 24 hours and 12% over the week suggests a bearish trend for IMX. The increase in trading volume by 29% could indicate increased selling pressure. The high percentage of circulating supply (78.64%) suggests limited room for supply-driven price increases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100