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Crypto Price Prediction: With the Bitcoin price reverting from the $44500 mark, the crypto market has entered into a new phase of correction. This wave of selling pressure has caused retracement to the majority of major cryptocurrencies, allowing buyers to recuperate bullish momentum.
In contrast, the IMX token is defying the downward trend and maintaining its upward trajectory, showcasing remarkable resilience and the potential to decouple from typical cryptocurrency correlations. Immutable's IMX Token Hits $2, Reaching New Heights Since April 2022 Immutable's native IMX token has been on an impressive upward trajectory since October, culminating in a significant milestone as it surpassed the crucial $2 level.
Immutable and its native IMX token deviate from the current cryptocurrency market downturn triggered by declines in Bitcoin and Ethereum. While most prominent gaming tokens have followed suit, experiencing a decrease in value since late Sunday, this pattern highlights the interconnected nature of digital assets.
Here, we explore three altcoins priced under $5, offering affordable entry points for investors looking for promising opportunities. 1. Lido Sees On-Chain Activity Surge Amid Broader Crypto Momentum Lido, a leading provider of Ethereum-based liquid staking, is capitalizing on the positive trends in the broader cryptocurrency market.
The partnership between Immutable and Transak will grant all games built on the Immutable zkEVM access to Transak's suite of products, enabling players to make seamless transactions across games and marketplaces.
Injective (INJ), KuCoin Token (KCS), Immutable (IMX), and Synthetix (SNX) have been the top gainers in the previous 24 hours. Bulls in injectable (INJ) led the rally, driving the price to a 52-week high of $23.71 from an intra-day low of $19.38.
IMX is bucking the downward trend Monday following VanEck's recent vote of confidence in crypto gaming platform Immutable.
Dec. 11 data from CoinMarketCap, the world's most-referenced price-tracking website for cryptoassets, Injective, Immutable and Synthetix are the top gainers in the last 24 hours, reporting up to 22% gains.
Immutable deploys Transak's functionality into its zkEVM gaming development infrastructure, powering in-game cryptocurrency and fiat payment methods.
The Immutable (IMX) price has increased swiftly since October, culminating with a high of $2 today.
The web3 gaming sector has seen growing interest from investors, resulting in notable price surges for gaming tokens in recent weeks, based on CryptoSlate data. Gaming has outperformed other crypto market sectors with an 800% increase in value over the past months.
The cryptocurrency market is presently enjoying a bullish run, spearheaded by Bitcoin's (BTC) pursuit to maintain gains above the $44,000 threshold. This upward trend continues to instill a sense of optimism among investors, with expectations that the rally could extend its impact to other digital assets.
Big-budget web3 games coming out in 2024 could increase the value of Immutable's token and cause its market cap to rise.
Immutable X (IMX) price has done well in the past few weeks as the alt season continues. It jumped to a high of $1.60 on Friday, the highest it has been since May 2022.
Merit Circle DAO has partnered with Immutable to expand its Beam gaming ecosystem. This strategic alliance will see Beam, Merit Circle's open-source blockchain network, launch on the Immutable zkEVM, a high-performance scaling solution powered by Polygon.
Merit Circle's Beam tech is expanding beyond Avalanche to the Immutable zkEVM as a part of the DAO's "chain agnostic" approach.
Alliance seeks to foster more web3 video game development with and emphasis on bringing digital ownership to gamers.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 7-Dec. 13, with live updates throughout.
According to Lookonchain, a blockchain analysis firm, FTX and Alameda Research transferred digital assets amounting to $22 million.
The impending approval of Bitcoin and Ethereum spot ETFs marks a pivotal moment for the cryptocurrency market as we head into 2024. This milestone, alongside the market's recovery, is creating a suitable ground for investment opportunities as this digital currency would likely witness massive adoption from the traditional market participants too.
As the market faces rising volatility, investors are preparing for a big month, with multiple projects set to initiate their token releases. This rise in token supply could lead to a temporary decline in the value of leading altcoins such as DYDX, 1INCH, and Aptos, among others.
Chainlink (LINK), ImmutableX (IMX), NEO, KAVA, and MultiversX (EGLD) are all altcoins that have interesting developments lined up in December, which could affect their price.
Bitcoin is facing resistance at $38,000, but UNI, IMX, VET and ALGO may extend their up-move in the short term.
In recent times, the world of cryptocurrencies has been the subject of increasing attention and interest, recently Altcoins as well. Internet search for altcoins and related projects has seen a notable increase in the last period.
