ImmutableX Token gains Momentum as Bitcoin surges
This week, traders became more optimistic as Bitcoin crossed $97,000. This move sparked interest in gamefi, DeFi, adn Layer 2 tokens. Among these, ImmutableX’s IMX token stood out with notable gains.
IMX, the native token of the gaming platform, saw a 10% rise on Friday. although it lost some gains by week’s end, it still showed over 5% weekly growth. The token has gained over 30% in the past month and is near the $0.70 resistance level.
ImmutableX addresses Ethereum’s scalability and cost issues. Its price analysis reveals bullish trends on daily and weekly charts. The IMX/USDT daily chart shows the token is 12% below its closest
