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IMX: Bulls Pummel The Bears With A 10% Uptick This Week

Crypto gaming is making a comeback with Immutable leading the charge. This led IMX, the native token of the platform, to give strong bullish signals, giving investors and traders a substantial 10% uptick since last week. Related Reading: ‘Early Signs Of Breakout’ – Solana To Explode By 900%, According To Analyst The move was supported by an increase in activity within the Immutable network itself, with more than enough game announcements since last week. Hype aside, Immutable is currently solidifying its position within the crypto gaming industry. Major News For The Crypto Gaming Industry Immutable’s platform for the crypto gaming industry has been proven effective. With an active roster of over 200+, its growth continues to attract more developers to build games on Immutable. Immortal Rising 2 was recently announced that it will be released on Immutable, bringing more attention to the platform with Planetarium Labs CEO and Founder JC Kim stating in a recent interview he’s “excited to join forces with Immutable” which will help them deliver “cutting-edge gaming experiences,” for users. “We are excited to join forces with Immutable to build Immortal Rising 2. This partnership marks a significant milestone in our mission to deliver cutting-edge gaming experiences,” Planetarium Labs CEO and Founder JC Kim said in a recent interview. This move came after Immortal Rising 2’s success in South Korea and the global gaming market, with over 2 million downloads and a $24 million revenue. Onboarding a hotshot of a game on Immutable will bring more than enough capital to improve its systems. Immortal Rising will hold a second closed beta test with an evaluation occurring today, July 23rd, for the CBT applicants. Another bombshell for Immutable is from a recent blog post that was released today. According to their metrics, over 380+ games are currently in development on Immutable’s platform. They also boasted the platform’s zero-knowledge Ethereum virtual machine (zkEVM) is one of the fastest growing chains “in history” with over 2.2 million active users. This is a strong indicator that industry-wise, Immutable has a trustworthy platform for developers to use, thus giving investors and traders confidence that IMX is a worthwhile investment. Will Your Portfolio Be Evergreen? IMX’s current position is somewhat unstable and safe at the same time. The $1.458 support level has held since the later part of June, but the $1.706 resistance has also held its ground against the bulls. If the bulls have a chance of getting through $1.706, any major market action done by the top cryptocurrencies could influence the price whether for the better or for worse. Related Reading: Chainlink Inches Closer To $18 Despite Bearish Pressure – Analyst However, if the bulls can break through $1.706 they will have an open road toward the ~$2 mark. Keeping this in mind, investors and traders should hold until any sign that the market slippage today is only temporary and not a prelude to worse things to come. But with the positive on-chain news it has this month, there is a chance IMX will go against the grain of a market downturn and continue its rise. Featured image from Bloomberg, chart from TradingView

Gaming Tokens Outperform as Bitcoin Reclaims $66K: IMX, BEAM, FLOKI

The ongoing bull rally, led by Bitcoin’s recapture of the $66K price point, has positively impacted the gaming token sector. Among the top-performing crypto assets in this market is Immutable (IMX), a layer-2 scaling solution for NFTs on Ethereum that powers a range of blockchain games. At its current price of $1.62, IMX has grown The post Gaming Tokens Outperform as Bitcoin Reclaims $66K: IMX, BEAM, FLOKI appeared first on Coin Edition .

ImmutableX Token Value Increases by 22% in a Week

ImmutableX's token IMX increased by 22% last week. Open interest rose by 39% since July 7. Continue Reading: ImmutableX Token Value Increases by 22% in a Week

More Than a Third of Ethereum Supply Worth Over $147,000,000,000 Now Staked, According to Santiment

New data from market intelligence platform Santiment finds that more than 33% of Ethereum’s (ETH) overall supply is now being staked. In a new thread on the social media platform X, Santiment says that over 47 million Ether – worth about $147 billion at time of writing – are now being staked on a prominent The post More Than a Third of Ethereum Supply Worth Over $147,000,000,000 Now Staked, According to Santiment appeared first on The Daily Hodl .

BlockDAG Coin Surge Past CGI Video, IMX price analysis, BNB update

Over the past two years, Immutable (IMX) has experienced fluctuating price trends, prompting investors to

BlockDAG’s CGI Boost | IMX Recovery & BNB Market Update

BlockDAG Expected to Rocket 1400% After Stunning Promo Video: Immutable’s Price Recovery& BNB’s Continued Volatility Over the last two years, Immutable (IMX) has shown a pattern of volatile pricing, keeping investors on alert for potential growth opportunities. Binance Coin (BNB) has experienced significant market swings due to major whale transactions.

IMX Token Unlock: Anticipation Builds as $40.59 Million Worth of Tokens Set to Release Tomorrow

This coming week, the cryptocurrency market is closely observing a significant event where $277.43 million worth of tokens will be unlocked. One crucial token involved in this event is the IMX token from the Ethereum Layer-2 network Immutable X, set for an unlock tomorrow. Such events have the potential to impact token prices significantly, making

Investors Monitor Token Unlock Events in the Crypto Market

Investors closely follow token unlock events in the crypto market. $277.43 million worth of tokens will be unlocked in the next seven days. IMX token unlock event is one of the most notable upcoming events. Continue Reading: Investors Monitor Token Unlock Events in the Crypto Market

Sheldon The Sniper’s Crypto Picks: XRP, IMX, and Ethereum Analysis

In the latest video titled, Last Chance To Buy Altcoins (Or You’ll Get Left Behind!), Sheldon The Sniper discussed key entry points for various cryptocurrencies. XRP stood out, breaking above critical resistance levels, making it an attractive entry point for traders. Meanwhile, LEO faces a selloff due to regulatory issues with the SEC. Consequently, those The post Sheldon The Sniper’s Crypto Picks: XRP, IMX, and Ethereum Analysis appeared first on Coin Edition .

BlockDAG X1 App Launches on App Store! Filecoin Dips & Immutable NFTs Soar

BlockDAG Rules as its X1 Miner App Launch Fuels $57.1M Presale! Filecoin Drops and Immutable NFTs Soar As Filecoin witnesses a significant price drop, the Immutable (IMX) NFTs are gaining traction. Meanwhile, BlockDAG (BDAG) stands out as the ultimate choice with its innovative crypto-mining app the X1 Miner’s launch on

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