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Immutable X has launched a new Trading Rewards design.
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IMX has added 5% to its worth as we speak and could rally larger over the subsequent few hours.
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The complete crypto market cap could be heading towards $880 billion soon.
Immutable X launches its new trading reward design
Immutable X introduced a number of hours in the past that it has a new and improved trading rewards design. The group defined that the Trading Rewards will now characteristic a points-based rewards system the place merchants will earn factors primarily based on their day by day trading quantity that shall be transformed into.
$IMX Rewards introduces new and improved Trading Rewards design!
Trading Rewards will now characteristic a points-based rewards system the place merchants will earn factors primarily based on their day by day trading quantity that shall 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 degree soon.
The broader crypto market has additionally been performing effectively during the last 48 hours. The complete cryptocurrency market cap stands at $871 billion, up by greater than 2% to this point as we speak.
Bitcoin is eyeing the $1,800 resistance degree after surging by 3.5% as we speak, and Ether has already topped the $1,300 psychological degree.
Key ranges to look at
The IMX/USD 4-hour chart is about to show bullish, as Immutable X has been performing effectively over the past few days. The technical indicators present that IMX is within the management of bulls in the meanwhile.
The MACD line is near crossing right into a optimistic zone and could achieve this soon because the market momentum builds up. The 14-day RSI of 68 additionally exhibits that IMX could soon enter the overbought area.
If the rally continues, IMX could transfer past the primary main resistance degree at $0.50 earlier than the top of the day. With the assist of the broader cryptocurrency market, IMX could try to achieve the $0.592 resistance degree for the primary time in three weeks.
Where to purchase Immutable X now
Huobi
Start Your Cryptocurrency Journey Today. Huobi Global has quite a lot of options that make it a super place to purchase and promote digital asset.
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