Immutable X has launched a new Trading Rewards design.
IMX has added 5% to its worth in the present day and could rally greater over the subsequent few hours.
The complete crypto market cap could be heading towards $880 billion soon.
Immutable X launches its new trading reward design
Immutable X introduced just a few hours in the past that it has a new and improved trading rewards design. The workforce defined that the Trading Rewards will now function a points-based rewards system the place merchants will earn factors based mostly on their each day trading quantity that will probably be transformed into.
$IMX Rewards introduces new and improved Trading Rewards design!
Trading Rewards will now function a points-based rewards system the place merchants will earn factors based mostly on their each day trading quantity that will probably be transformed into $IMXhttps://t.co/6m0gGb8i47
— Immutable ???? – $IMX (@Immutable) December 14, 2022
This latest cryptocurrency news has seen IMX, the native token of the Immutable X community, surge by greater than 5%. At press time, the price of Immutable X stands at $0.4441 and could rally towards the $0.50 resistance stage soon.
The broader crypto market has additionally been performing nicely over the past 48 hours. The complete cryptocurrency market cap stands at $871 billion, up by greater than 2% thus far in the present day.
Bitcoin is eyeing the $1,800 resistance stage after surging by 3.5% in the present day, and Ether has already topped the $1,300 psychological stage.
Key ranges to observe
The IMX/USD 4-hour chart is about to show bullish, as Immutable X has been performing nicely over the past few days. The technical indicators present that IMX is within the management of bulls for the time being.
The MACD line is near crossing right into a constructive zone and could achieve this soon because the market momentum builds up. The 14-day RSI of 68 additionally reveals that IMX could soon enter the overbought area.
If the rally continues, IMX could transfer past the primary main resistance stage at $0.50 earlier than the top of the day. With the assist of the broader cryptocurrency market, IMX could try to succeed in the $0.592 resistance stage for the primary time in three weeks.
Where to purchase Immutable X now
Huobi
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