Is Immutable X crypto rising due to Bitcoin's rally?

Image Source: © Malirvik | Megapixl.com

Highlights

  • Immutable X (IMX) crypto gained traction after its price increased by 10 per cent.
  • Immutable X's native utility token is IMX crypto.
  • The IMX crypto is up for buying, selling or exchange on crypto trading platforms like Binance.

As cryptocurrencies gained momentum after a Bitcoin rally, the price of various digital currencies has caught the attention of potential investors. On Wednesday morning, Immutable X (IMX) crypto gained traction after its price increased by 10 per cent over the last 24 hours to US$ 1.09 per token.

The price surge of the IMX crypto came as its 24-hour volume soared 17 per cent to US$ 83.5 million. The virtual currencies are gaining traction as Bitcoin was up seven per cent in the last 24 hours and trading at US$ 23,644.97 apiece.

After many weeks, the world's oldest cryptocurrency is rallying, which could have instilled some confidence among crypto enthusiasts.


 


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