Crypto games make counting With Immutable leading the charge. This has sent IMX, the platform’s native token, into a strong bullish signal, giving investors and traders a massive 10% gain since last week.
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The move has been supported by increased activity within the Immutable network itself, with a fair number of game announcements since last week. Aside from the hype, Immutable is currently working to consolidate its position within the crypto gaming industry.
Key News for the Cryptocurrency Gaming Industry
Immutable has proven its effectiveness in creating crypto games. With active With a roster of over 200+ developers, its growth continues to attract more developers to build games on Immutable.
Immortal Rising 2 was recently released. Advertise It will be released on Immutable, bringing more attention to the platform with Planetarium Labs CEO and founder JC Kim. statement In a recent interview, he expressed his “happiness to partner with Immutable,” which will help them deliver “advanced gaming experiences” to users.
“We are excited to join forces with Immutable to build Immortal Rising 2,” said Planetarium Labs CEO and founder JC Kim at a recent press conference. “This partnership represents an important milestone in our mission to deliver cutting-edge gaming experiences.” interview.
This move came after Immortal Rising 2. success In South Korea and the global gaming market, with over 2 million downloads and $24 million in revenue, adding a great game to Immutable will provide more than enough capital to improve its systems. Immortal Rising will hold a second closed beta test with an evaluation today, July 23, for CBT applicants.
There’s another Immutable bombshell from the latest Blog post It launched today. By their own metrics, there are over 380 games currently in development on the Immutable platform. They also boast that the platform’s zero-knowledge Ethereum Virtual Machine (zkEVM) is one of the fastest growing blockchains “in history” with over 2.2 million active users.
This is a strong indicator that Immutable has a reliable platform that developers can use in terms of the industry, giving investors and traders confidence that IMX is a worthwhile investment.
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IMX’s current position is somewhat unstable and safe at the same time. The $1.458 support level has held since the latter part of June, but the $1.706 resistance level has also held up against the bulls. If the bulls have a chance to surpass $1.706, any major market move by the leading cryptocurrencies could impact the price for better or worse.
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However, if bulls manage to break above $1.706, they will have an open path towards around $2. With this in mind, investors and traders should wait for any indication that today’s market slide is only temporary and not a prelude to worse things to come.
But with the positive news regarding the chain this month, there is a chance that IMX will go against the market downtrend and continue its upward trend.
Featured image from Bloomberg, chart from TradingView