Cryptocurrency prices remained mostly stable on September 23 as traders adopted a wait-and-see approach following last week’s Federal Reserve decision.
Bitcoin (BTC) rose to a multi-week high of $64,741 before quickly retreating to $63,377 while Ethereum (ETH) rose to $2,680.
This price action mirrored the stock market, with major US indices such as the Dow Jones, Nasdaq 100, and S&P 500 showing little movement.
However, some popular cryptocurrencies continued to surge. Nero (NEIRO), a widely known meme coin, surged to a record high of $0.0012, taking its market cap to over $484 million. It became the ninth-largest meme coin, surpassing the likes of Book of Memes, Cat in a Dog World, and Moj Coin.
Immutable X (IMX), a popular layer 2 network for gaming and non-fungible tokens, rose to $1.9481, its highest level since June 4. It has been rising for seven consecutive days, more than doubling its August low.
Immutable has been gaining increasing popularity among game developers. Last week, Immortal Rising 2 went live on its zkEVM network, a significant milestone as the game has thousands of players worldwide.
Other newly launched games on the network include RavenQuest Phase 2, The Tree Verse, and Arise.
These games have led to an increase in NFT sales on Immutable. Data from CryptoSlam The data shows that total sales rose more than 16% to $3.4 million in the past seven days, led by Guild of Guardians Heroes, which saw sales rise 17%.
Arkham Coin (ARKM) was among the other top performing cryptocurrencies, rising to $1.42, its highest level since July 19. The token gained significant popularity due to the extensive data available on its ecosystem.
Arkham price rose after forming a double bottom pattern on the daily chart. In technical analysis, this is one of the most bullish signs in the market. It rose above the neckline at $1.40, indicating that further gains are possible.
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