Coin Edition -
- IMX token surges by 28% in 30 days, now priced at $2.451.
- Astra Nova’s SocialFi platform boosts IMX’s performance.
- Trading volume drops 27.66% despite recent price gains.
The Immutable (IMX) token has experienced a significant price increase in recent weeks, gaining over 28% in the past 30 days. As of today, IMX trades at $2.451, reflecting a 2.84% increase from the previous day.
IMX/USD 24-Hour Chart (Source: CoinStats)
Currently ranked 29th by market capitalization, Immutable’s market cap has climbed to $3.619 billion, representing a 3.65% increase. However, trading activity has shown a different trend. Over the past 24 hours, IMX’s trading volume has decreased by 27.66% to $134.251 million. This decline suggests a potential shift in investor sentiment, possibly indicating profit-taking after the recent price rise. In contrast, a notable shift has occurred in its trading dynamics.
Over the last 24 hours, IMX’s trading activity has receded by 27.66%, amassing a total of $134.251 million. This reduction in trading volume implies a potential alteration in investor sentiment, perhaps reflecting a trend where stakeholders are opting to capitalize on the recent uptick in valuation.
Astra Nova Update Fuels IMX Surge
The recent surge in IMX’s value coincides with the announcement of a new SocialFi platform by Astra Nova, a Saudi Arabian Web3 RPG developer. The Black Pass, as the platform is named, offers a unique approach by providing a free soulbound NFT for access. It aims to enhance player engagement through social quests and the collection of shards, leading to potential airdrop earnings of the $RVV token. This initiative aligns with Astra Nova’s Season 1 launch, including the introduction of its upcoming game demo. Notably, the Black Pass is the first SocialFi platform to utilize Immutable’s zkEVM technology.