The token linked to the cryptography giant giant increased by 15% in the hours which followed the announcement that the American commission Securities and Exchange has closed its investigation into the company and would take no other measure.
The immutable token (IMX) increased by around 15% on March 25 to reaching a little less than $ 0.74 shortly after the company announced that the SEC closed its investigation without violation of violations, which was immutable, said “the loop on the advice of Wells issued by the dry last year”.
IMX Matted Crypto Market Trend downwards
This is the highest price that IMX has reached since March 3, before a broader market drop – driven by prolonged uncertainty on the prices of US President Donald Trump and American interest rates – down it to $ 0.46 on March 11.
At the time of publication, IMX had returned to $ 0.67, according to CoinmarketCap. A return to $ 0.70 would wipe approximately $ 449,500 in short positions, according to Coinglass data.
IMX is up 0.34% in the last 30 days. Source: Coinmarketcap
While the price of the token increased on positive news, it barely moved when it announced immutable in November, it had received a notice from Wells. However, the wider market was already gaining momentum, because Trump’s chances of winning the elections seemed strong in the days preceding his possible victory on November 5.
The immutable co-founder Robbie Ferguson, said in a post of March 25 X that the abandoned investigation of the SEC was “a huge victory for the web game”.
“After a year of fighting, this threat to digital property rights was finally put to rest,” said Ferguson.
In relation: Influencer of Crypto Ben ‘Bitboy’ Armstrong arrested in Florida
Among the best gaming crypto tokens by market capitalization, several have seen a recovery in the last 24 hours. The gala (gala) is up 2.78%, the sandbox (sand) is up 3.78%, the Floki (Floki) is up 1.91%and Axie Infinity (AXS) is up 1.50%.
IMX reached its summit of $ 9.32 in November 2021 during a major rally in the gaming tokens. There have been speculation on the moment when the play tokens will live another significant rise trend, because they have historically increased after the widest market on the cryptography market.
However, in the last 30 days, the total market capitalization of the play tokens dropped from 3.65% to 13.13 billion dollars, while the negotiation volume took a greater blow, down 33.45% to $ 1.75 billion.
Review: What are the native rollers? Complete Guide to Ethereum’s latest innovation
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
