The digital identity platform for gamers experiences exponential growth, establishing itself as the main destination for blockchain-based video game lovers
The blockchain-powered gaming revolution continues to gain ground. Immutable Passport, the leading digital identity platform for gamers, announced that it surpassed the three million registered user mark. This exponential growth, which represents a 2,500% increase since its launch in early 2024, reflects the growing interest of gamers in decentralized and blockchain-based gaming experiences.
Immutable X (IMX) price is experiencing a rally, driven by a surge in trading volume / TradingView
An ever-expanding gaming ecosystem
Immutable became home to a growing community of gamers, attracting renowned titles such as RavenQuest, Immortal Rising 2, SpaceNation, and Monster Tycoon. These games offer players the opportunity to own and trade their virtual assets, creating a fairer and more transparent gaming economy.
Why is Immutable Passport so popular?
Actual Asset Ownership: Players can own and trade their in-game items, skins, and other digital assets.
Interoperability Between Games: Assets acquired in one game can be used in other games in the Immutable ecosystem.
Fair and Transparent Game Economy: Blockchain technology ensures transparency and security of transactions.
The Future of Gaming is Here
With Immutable Passport, gamers can access a universe of innovative games and immersive experiences. The platform offers a fairer and more equitable way to play. It allows gamers to have greater control over their virtual assets and participate in an ever-growing game economy.
Immutable X (IMX) Gains Ground
The native token of Ethereum's scalability solution for NFTs is showing signs of strength. IMX is driven by an increase in trading volume and a bullish moving average crossover.
The price of Immutable X (IMX) is experiencing a significant rally in recent weeks, currently trading at $1.45, representing a 6.05% increase in the past 24 hours. This bullish move brings IMX back close to the 50-day exponential moving average (EMA50) resistance, located at $1.47.
A detailed technical analysis
Despite experiencing a pullback in mid-September, which brought the price below the EMA25 and EMA50, IMX managed to consolidate above a key support at $1.09 since mid-August. This move suggests that buyers are accumulating the cryptocurrency and that a new uptrend could be brewing.
The recent surge in trading volume, which grew by 150% since the end of August, reinforces this theory. Higher volume typically indicates increased investor interest and can provide the momentum needed to break through important resistances.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies carries significant risks.