Convert 0.1 IMX to VND today

IMX’s price drop follows a surge in supply, indicating negative investor sentiment. Currently, IMX totals 165 million tokens with a market cap near 13 million USD. With increased selling pressure, maintaining a price above 0.400 USD is crucial to avoid an all-time low.

Currently, active addresses reflect investor skepticism about IMX’s future. A reclaim of 0.508 USD could initiate a recovery toward 0.684 USD, but a break below 0.400 USD may lead to further declines, potentially reaching new lows.

The U.S. SEC has dropped its inquiries into Immutable regarding IMX token sales, dismissing concerns of securities law violations. This decision signals a trend of regulatory easing under Acting Chair Mark Uyeda, allowing Immutable to focus on advancing digital ownership for gamers.

Following the SEC announcement, the price of IMX increased by 15%, stabilizing between 0.69 USD and 0.715 USD. The closure of this investigation may indicate an improving regulatory environment for the crypto sector, encouraging investments and innovation in Web3 and decentralized finance.

The blockchain protocol Immutable has announced a new feature designed to enhance the Web3 gaming experience by enabling transactions directly within games. According to the recent announcement, the “Pre-Approved Transactions” feature aims to eliminate interruptions where players traditionally needed to approve transactions or use external wallets.

With this new feature, transaction signing and confirmations can now be fully integrated into the game’s interface, making item trading, marketplace purchases, and asset creation smoother and more seamless.

Immutable emphasized that Web3 games should offer the same uninterrupted, immersive experience as traditional games. This feature not only improves player experience but also helps Web3 game developers reduce technical barriers, allowing them to focus on creating engaging gameplay without the complexities of blockchain technology.

Currently, the feature supports only game-issued assets, but Immutable plans to expand support to include IMX, USDC, and ETH in the future.

Data from IntoTheBlock shows that the net flow of IMX held by large investors surged from 288,177 tokens to 16.02 million.

This indicates a net purchase of around 15.71 million IMX tokens in October’s fourth week.