Immutable's Price Surge: Analyzing Recent Market Trends
Immutable's Recent Price Performance
In the last 24 hours, Immutable has seen an impressive price increase of 5.14%, reaching $1.31. This follows a noteworthy trend over the past week, showcasing a significant gain of 15.0%, where the price climbed from $1.14 to its current level. Remarkably, the all-time high for Immutable is still a strong $9.52.
Price Volatility and Movement Analysis
When we delve into the price movement of Immutable, we observe some fascinating patterns. For instance, the comparative analysis between its 24-hour price action and that of the past week reveals interesting insights into market behavior. Utilizing Bollinger Bands, traders can gauge volatility; wider bands indicate increased price fluctuations, a critical aspect for investors to monitor.
Trading Volume Insights
The trading volume for Immutable has also seen a noticeable rise, up by 14.0% within the past week. This uptick is particularly fascinating as it contrasts with a slight decrease in the circulating supply, which has dipped by 0.53%. Currently, the circulating supply stands at 1.61 billion, representing an estimated 80.26% of its maximum supply, which is pegged at 2.00 billion.
Market Capitalization and Ranking
As it stands, Immutable boasts a market capitalization of approximately $2.11 billion, which positions it as the 45th cryptocurrency by market cap ranking. Such a ranking highlights its competitiveness in the ever-evolving landscape of digital assets.
Future Outlook for Immutable
Looking ahead, the trajectory for Immutable appears promising, fueled by active trading volumes and fluctuating market dynamics. Investors are keenly watching these developments, anticipating potential future movements in its price. As the cryptocurrency landscape continually evolves, staying informed on trends and metrics like trading volume and supply is paramount.
Frequently Asked Questions
What is Immutable's current price trend?
Immutable's price surged by 5.14% in the past 24 hours, reaching $1.31.
How does Immutable's trading volume compare to its supply?
The trading volume has increased by 14.0% while the circulating supply decreased by 0.53%.
What is Immutable's all-time high?
The all-time high for Immutable is $9.52.
Where does Immutable rank in market capitalization?
Immutable is currently ranked #45 in market capitalization with approximately $2.11 billion.
What tools are available to analyze Immutable's price movements?
Bollinger Bands are a useful tool for assessing the volatility and price movements of Immutable.
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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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