IMX (Immutable) rose 19.29% in the last 24 hours.

Gate News Bot news, on September 19, according to CoinMarketCap data, as of the time of writing, IMX (Immutable) is currently priced at $0.88, with a rise of 19.29% in the last 24 hours, reaching a maximum of $0.88 and a minimum of $0.58. The 24-hour volume reached $179 million. The current market capitalization is approximately $1.709 billion, an increase of $276 million compared to yesterday.

Immutable is a platform dedicated to providing a complete solution for Web3 games. Through its Layer 2 scaling technology Immutable X and Immutable zkEVM, it offers developers a high-performance, low-cost NFT minting and trading environment. Immutable's mission is to revolutionize the gaming world by introducing the full capabilities of Web3, allowing players to truly own the digital items they collect in games.

Important news about IMX recently:

1️⃣ SEC issues Wells notice, IMX faces potential regulatory challenges The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Immutable, indicating that the IMX token may violate securities laws. This regulatory trend brings uncertainty to the future development of IMX and has become one of the important factors affecting recent price fluctuations.

2️⃣ IMX price breaks through key resistance, short-term trend is positive From a technical analysis perspective, the IMX price has recently successfully broken through an important resistance level, and this breakthrough brings positive signals for the short-term price trend. The improvement in price movement has boosted market sentiment and has become a key factor driving the rise in the IMX price.

3️⃣ The Immutable platform continues to promote the development of the Web3 gaming ecosystem As a blockchain platform focused on Web3 games, Immutable continues to commit to providing true asset ownership for gamers through NFT technology. The platform's positioning and ongoing development in the gaming industry provide long-term value support for the IMX token, helping to maintain investor confidence.

From a technical perspective, the IMX price maintains its upward momentum after breaking through the resistance level and may continue to test new highs in the short term. However, the SEC's regulatory direction has brought uncertainty to IMX, and investors need to closely monitor the impact of subsequent developments on market sentiment.

This message is not an investment advice; investors should pay attention to the risks of market volatility.