Immutable X’s recent rally came to an unexpected halt after profit-taking, while Shiba Inu’s price continued its upward momentum.
Immutable X (CRYPTO: IMX) price increased 7% during the last seven days. At the time of writing, IMX trades at $1.49. This compares to its initial price offering of $0.70 during the GameStop (NYSE:GME) NFT marketplace launch.
Here's what happened during the last week in crypto.
Immutable X price action: During the last seven days, Immutable X price increased 5.26% to reach $1.49 at the time of writing. The price reached a high of $1.53 and a low of $1.38 during the seven-day period.
Over the last 24 hours, IMX price increased 0.85% and seven days, the price increased 5.26%. At the time of writing, Immutable X has a circulating supply of 200 million tokens. This gives the token a market capitalization of about $298 million, making it the 200th-largest cryptocurrency.
During the last seven days, Immutable X price increased at a slower rate than the apex cryptocurrency. Bitcoin (CRYPTO: BTC) price increased 10.05% during the seven-day period.
What caused the Immutable X price to increase? Recently, several new developments occurred within the Immutable X ecosystem. One of the most recent partnerships includes Play Ember and Pixelmon to develop "Monster Tycoon." The game is now available worldwide on the App Store and Google Play, where users can earn rewards like 100 gems by completing quests.
Immutable X also continues to integrate blockchain into gaming. In the game "Call of the Void," users can interact easily using the Immutable X Passport. Players can showcase custom avatars such as the Moku skin, demonstrating the platform’s role in enhancing digital asset interaction.
The seven-day price movement for Immutable X is promising, and the token could continue to perform well in 2024. With several upcoming developments and partnerships, Immutable X could be an interesting investment for Q1.
However, it's important to note that the crypto market is highly volatile and seven-day price movements can change rapidly. Always do your own research before making any investment.
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