Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.

SOL, ETHDYDX Soar, IMX Takes a Tumble

Solana (SOL) and dYdX (ethDYDX) led the charge in terms of gains over the past 24 hours after both values jumped by over 7%. On the other hand, Immutable’s (IMX) price took a plunge.

SOL / Tether US 1D (Source: TradingView)

In just the past day, the price of SOL was able to climb by 6.48%, bringing its trading value up to $58.03 at press time. The Ethereum-killer also experienced a 3+% rise in its 24-hour trading volume, which left it standing at around $3,070,572,794.

Over the longer term, things were also still looking good for the altcoin as its price was up by 33.45% over the past month. Additionally, with SOL trading above $50, the token’s price is up around 520% after it dropped below $8 following the FTX meltdown.

@CoinbaseIntExch will add support for Solana and Avalanche perpetual futures contracts on Coinbase International Exchange & Coinbase Advanced. The opening of our SOL-PERP and AVAX-PERP markets will begin on or around 4pm UTC on 14 November 2023, if liquidity conditions are met. pic.twitter.com/D2QTV9k9Qe

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) November 12, 2023

SOL’s latest success could be due to Coinbase listing SOL perpetual futures on its Coinbase International Exchange and Coinbase Advanced. Avalanche (AVAX) perpetual futures contracts were also listed.

DYDX / Tether US 1D (Source: TradingView)

ETHDYDX also caught the attention of traders as its price surged by over 24% in the past 24 hours. As a result, the token was trading at $3.94 after it was able to set a high price of $4.09.

This rise in ETHDYDX’s price also pushed its weekly performance up even further to +63.74%. Meanwhile, the intraday volume of the altcoin was able to climb to $784.76 million after it increased by 233%.

IMX / Tether US 1D (Source: TradingView)

On the other hand, things are not going too well for IMX today as its price dipped by 8% since yesterday. This left the cryptocurrency trading hands at $1.10 and led to IMX also weakening against Bitcoin (BTC) by 8.18%.

This stumble in IMX’s price comes very shortly after its price surged following the announcement that Immutable and Polygon (MATIC) are leading the blockchain gaming sector. A report found Immutable has become the most popular gaming-focused platform, surpassing competitors like Arbitrum.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Read the full article here

Leave a Reply

Your email address will not be published. Required fields are marked *