Immutable Price Overview
Recently, Immutable has seen its price take a downward turn. In the last 24 hours, the price of IMX/USD has decreased by 3.81%, bringing it down to $1.37. This decline contributes to an overall decrease over the past week, where the value slipped from $1.45, amounting to a total loss of 5.0%. This trend raises inquiries about the underlying factors affecting its price dynamics.
Price Movement Analysis
The recent trading activities indicate that there has been noticeable volatility in Immutable's price. This volatility, which can be visually tracked using Bollinger Bands, suggests significant fluctuations in price over both the daily and weekly timelines. Wider gray bands point to increased volatility, emphasizing the uncertainty in the current market conditions for IMX.
Trading Volume Insights
Additionally, trading volume for IMX has plummeted by 27.0% in the past week. This significant drop in trading activity could reflect broader market sentiments or investor behavior toward Immutable amid changing market conditions.
Circulating Supply Details
The circulating supply of Immutable has experienced a slight increase, edging up by 0.18%. The current circulating supply now stands at 1.64 billion IMX, which accounts for approximately 81.89% of its maximum supply capped at 2.00 billion. This data gives potential investors insight into the availability of the asset in the market.
Market Capitalization and Rank
Regarding market performance, Immutable’s current market capitalization ranks it at an impressive #46, valued at around $2.25 billion. Maintaining such a position showcases its relevance and potential in the continually evolving cryptocurrency landscape.
Investor Considerations
Investors looking at Immutable should monitor these changes closely. The combination of price fluctuation, trading volume drops, and supply statistics can provide critical insights for making informed decisions. As the cryptocurrency market is famously dynamic, keeping up with real-time data is essential.
Frequently Asked Questions
What is the current price of Immutable (IMX)?
The current price of Immutable is $1.37, following a decrease of 3.81% in the past 24 hours.
How has Immutable’s price changed over the past week?
Over the past week, Immutable has experienced a price decline of 5.0%, dropping from $1.45.
What is Immutable's market capitalization rank?
Immutable holds a market capitalization rank of #46, with a valuation of approximately $2.25 billion.
How much has the trading volume for Immutable changed?
Trading volume for Immutable has decreased by 27.0% in the last week, indicating reduced trading activity.
What percentage of Immutable's maximum supply is currently circulating?
Currently, approximately 81.89% of Immutable’s maximum supply of 2.00 billion is in circulation.
