With Bitcoin entering a downward trend in the last 24 hours, altcoins started to attract more attention in the market. Especially Immutable (IMX) has become an altcoin that has attracted a lot of attention in recent days. It has experienced a significant increase among other altcoins in the market, with a 37% increase on a daily basis. IMX rose from $0.5321 to $0.7294. In this way, it managed to become the cryptocurrency with the highest increase among the top 100 crypto currencies.
Immutable has been trading below the $0.550 price range for a very long time. That’s why the current price increase is particularly striking. On the other hand, the Immutable team did not announce any major updates or important partnerships behind this huge increase. This gave rise to speculation and led to different theories circulating among investors. Some believe that Immutable’s development team will make a big announcement soon, so investing in IMX right now might be a good opportunity.
But even if these aren’t available, Immutable is piloting several ecosystem initiatives that will potentially attract interest from the crypto community. Recently, Immutable has been supporting the global expansion of its products and innovations into new regions.
Since its founding, Immutable has positioned itself as a live protocol that will help advance the development of blockchain-based games. Many emerging innovative platforms, such as Mintable, have also embraced Immutable’s uniqueness to help advance their ultimate growth agenda. With the current outlook, Immutable appears to be growing on the back of accrued fundamental values.
Finally, in parallel with the price increase, altcoin transaction volume increased by 2301%.
You can follow the current price movement here.