IMX Surges By 30% As Major Altcoins Record Losses

TL;DR

• IMX is up by 30% in the last 24 hours, making it the best performer amongst the top 100 cryptocurrencies in the last 24 hours.

• Other major altcoins have been underperforming, with some down by more than 2%. 

IMX Leads The Market Charge

IMX, the native coin of the Immutable X blockchain, is the best performer amongst the top 100 cryptocurrencies by market cap. The coin is up by 30% in the last 24 hours, outperforming the broader crypto market in the process.

There is no apparent catalyst behind IMX’s ongoing rally. At press time, the price of IMX stands at $0.0709, up by 30% over the past 24 hours.

Bitcoin, the world’s leading cryptocurrency by market cap, has lost less than 1% of its value and continues to trade above the $27k mark.

Ether, BNB, XRP and Cardano have all lost more than 1% of their values so far today. The biggest loser amongst the top 10 cryptocurrencies by market cap today is TON, the native coin of the Toncoin project. After rallying by more than 30% over the past seven days, TON is down by more than 7% in the last 24 hours. At press time, the price of TON stands at $2.32.