As a seasoned researcher with years of experience in the volatile world of cryptocurrencies, I can confidently say that the market is never short of surprises. While the major players like Bitcoin and Ethereum showed a cautious stance on September 23, it’s always intriguing to see the underdogs seize the spotlight.
On September 23, the values of most cryptocurrencies remained stable, reflecting a cautious stance by traders who preferred to observe rather than act following the Federal Reserve’s recent decision.
In simpler terms, the price of Bitcoin reached an elevated level of around $64,741 over a span of several weeks before experiencing a slight dip to approximately $63,377. Similarly, Ethereum climbed up to nearly $2,680.
The price behavior here was similar to the stock market, with significant indices such as the Dow Jones, Nasdaq 100, and S&P 500 exhibiting minimal fluctuations.
Despite some cryptocurrencies experiencing a rally, NEIRO, a well-known meme coin, reached an all-time high of $0.0012, boosting its market capitalization to over $484 million. This has placed it as the ninth largest meme coin in the market, pushing past established coins like Book of Meme, Cat in a Dog’s World, and Mog Coin.
On a noteworthy climb, Immutable X (IMX), a widely used layer-2 platform specializing in gaming and non-fungible tokens, reached an all-time high of $1.9481 – the highest since June 4. Remarkably, it has been on a winning streak for seven consecutive days, surging more than double from its lowest point in August.
1) The surge in Immutable’s value can be attributed to its rising fame within the gaming development community. Recently, Immortal Rising 2 was launched on their zkEVM platform, an important step considering the game boasts a large international player base.
Other newly launched games on the network include RavenQuest Phase 2, The Tree Verse, and Arise.
RavenQuest is now available to everyone!
Phase 2 is live on Immutable.
— Immutable (@Immutable) September 22, 2024
The play of these games has resulted in a significant surge of NFT transactions on Immutable, with CryptoSlam data indicating a more than 16% rise in total sales over the last week, reaching approximately $3.4 million. Notably, sales for Guild of Guardians Heroes skyrocketed by nearly 17%.
In simpler terms, ARKM (Arkham) emerged as one of the standout performers among cryptocurrencies, hitting a peak of $1.42 – a level not seen since July 19. This digital token has been garnering attention due to the abundance of information accessible about its ecosystem.
After displaying a double-bottom chart configuration on its daily graph, the price of Arkham exhibited a recovery. This pattern is often seen as extremely optimistic within technical analysis, suggesting a bullish trend in the market. It has since surpassed its neckline at $1.40, hinting at possible future growth.
Read More
Sorry. No data so far.
2024-09-23 17:54