Immutable Sees Remarkable Growth of 7.85% in Just One Day
Immutable's Recent Surge in Cryptocurrency Market
In the dynamic world of cryptocurrency, Immutable (IMX) has captured significant attention as its price surged by an impressive 7.85% in just 24 hours, reaching $1.8. This upward trend reflects a broader momentum that the coin has enjoyed over the past week, marking a substantial 46.0% increase from its previous value of $1.23. Currently, the all-time high for Immutable stands at $9.52, reflecting its potential in the market.
Understanding Immutable's Price Dynamics
The price movement for Immutable is accompanied by substantial volatility, a common occurrence in the cryptocurrency realm. The recent chart showcases a detailed look at the price fluctuations, where Bollinger Bands indicate varying levels of volatility in short-term and long-term trends. When the bands widen, it indicates increased volatility associated with the price movements.
Trading Volume and Circulating Supply Insights
Notably, the trading volume of Immutable has skyrocketed by 143.0% over the past week, signaling heightened interest and activity in the market. This increase in trading volume has coincided with a slight rise in the overall circulating supply, which has increased by 0.09%. As of now, the circulating supply stands at an impressive 1.61 billion tokens, constituting approximately 80.26% of the maximum supply capped at 2.00 billion tokens.
Market Capitalization and Ranking
In terms of market presence, Immutable holds a notable position, currently ranked #37 with a market capitalization of about $2.89 billion. This growing market cap illustrates the coin's increasing acceptance and investment attractiveness among traders and investors.
The Future of Immutable
As investors and market participants observe Immutable's robust performance, the overall sentiment around the cryptocurrency appears to be turning positive, bolstered by increasing demand and engagement within the community. The crypto market remains highly fluid, and as Immutable continues to attract interest, its future trajectory could very well lead to further growth and exploration beyond its previous highs.
Frequently Asked Questions
What recent price change has Immutable experienced?
Immutable's price rose 7.85% in the last 24 hours, reaching $1.8.
How much has Immutable increased over the past week?
Over the past week, Immutable has seen a remarkable increase of 46.0% from $1.23.
What is the all-time high price of Immutable?
The all-time high price for Immutable is currently $9.52.
What impact has trading volume had on Immutable?
The trading volume for Immutable has surged by 143.0% recently, indicating high market interest.
Where does Immutable rank in market capitalization?
Immutable is currently ranked #37, with a market capitalization of about $2.89 billion.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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