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As the crypto market marks another bearish week, the buyers are desperate for a reversal to avoid another crash. Amidst all this ruckus, the gaming tokens are slowly preparing for a trend reversal with a bounce back next week.
Ever since the 2021 bull run, cryptos have gained mainstream attention, with significant growth in adoption as well. Since then, the market participants have kept on exploring various other projects, which may outperform the popular cryptos in terms of growth.
All eyes were on Bitcoin today as the US Securities and Exchange Commission approved spot ETFs. However, the suggestion that the news was already priced in appears to have some merit.
Immutable, The Sandbox, Axie Infinity, and Gala tokens dropped 8-15%, facing deeper losses after Bitcoin's dip.
In 2023, the cryptocurrency market was dominated by three key narratives. These included artificial intelligence (AI), GameFi, and meme coins.
During the time period between May 30, 2020, and May 30, 2023, the South Korean National Assembly members purchased crypto worth 62.5 billion won (approx $48 million) and sold crypto worth 63.1 billion won (approx $48.6 million)
These altcoins have bullish-looking formations and could reach new all-time highs in January.
According to on-chain data, a whale has sent their entire IMX bag, worth $11.80 million, to Coinbase. If the whale sells the asset, they would realize a profit of $5.7 million.
Gaming cryptos represent unique upside as the global blockchain gaming market is set to expand massively in coming years.
The crypto market has been experiencing a bearish trading session lately. However, two cryptocurrencies have stood out owing to their impressive gains.
With Immutable Passport, users can now enjoy a unified and immersive gaming experience. As they navigate through different games and explore various marketplaces.
The Immutable (IMX) price has increased parabolically since September, reaching a new yearly high of $2.45 today.
Immutable, a prominent Web3 game publisher, has recently unveiled its latest innovation in the form of a cutting-edge wallet infrastructure called “Immutable Passport.” This novel login method introduces a user-friendly approach, allowing individuals to effortlessly create and recover their wallets through familiar platforms such as Google or Apple accounts, as well as conventional email addresses.
The launch of Immutable Passport comes shortly after the company introduced a new gaming solution that allows developers to build games that eliminate transaction fees.
Web3 gaming company Immutable has introduced a new wallet infrastructure called "Immutable Passport."
Hoping to deliver on the promise of web3 gaming interoperability, Immutable launches a new tool meant to ease adoption.
After a beta launch, the simplified Immutable Passport wallet and universal profile is now live across multiple games and marketplaces.
Immutable, a trailblazing Web3 gaming company, is poised to redefine the gaming landscape with its revolutionary approach to eliminating gas fees for users. This innovative solution is embedded in its proprietary scaling platform, zkEVM, scheduled for launch in early 2024.
Blockchain gaming platform Immutable will eliminate all gas fees for players through their upcoming zkEVM sidechain solution, removing a key barrier to mainstream adoption for web3 games.
Immutable's blockchain protocol will allow the game studio to cut out gas fees for users, which is widely cited as a significant barrier to Web3 gaming adoption.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 14-Dec. 20, with live updates throughout.
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.
