The trading volume of Immutable (IMX) surged by 292%, can the price follow suit?
The Immutable coin is trading near $0.6360 after a rise of 11%.
The daily trading volume of IMX has seen a tremendous increase of 292%.
The total market capitalization of cryptocurrencies reached $3.01 trillion, creating a divergence in sentiment as assets fluctuated between gains and losses. Bitcoin's price stabilized at $96.8 thousand, while Ethereum is trading at $1.8 thousand. Notably, the Immutable coin (IMX) jumped by more than 11%, securing the top position among the gainers.
In the early hours of trading, IMX began at its lowest point of $0.5699. After the bulls took control, the price rose to its highest point of $0.6748. At the time of writing this report, Immutable is trading at $0.6360, with a market cap of $1.15 billion.
Furthermore, the market witnessed a liquidation of $409.72 thousand of Immutable during this period, according to Coinglass data. The daily trading volume increased by 292%, reaching $164 million.