In brief
- IMX climbed nearly 17% Thursday and is up 50% over the past week, CoinGecko data shows.
- Ubisoft and NetMarble collaborations highlight Immutable’s push to bring crypto rewards into mainstream gaming.
- SEC approval of broader ETF listing standards has added to the upbeat sentiment across altcoins.
Immutable (IMX) led gains among select altcoins on Thursday, buoyed by the Federal Reserve’s decision to slash its funds rate amid positive tailwinds for the gaming token.
The token tied to Australian crypto gaming and Web3 infrastructure firm of the same name is up nearly 17% on the day, CoinGecko data shows. It’s also up a further 50% over the past seven days.
It comes as a relief for the token, currently ranked 90th among top cryptocurrencies, after dipping below the 100th spot earlier this year.
The gains for IMX also arrive amid a challenging backdrop for crypto gaming, where numerous token-driven projects have shut down this year amid funding shortfa
Go to Source to See Full Article
Author: Akash Girimath
