After finishing as the second top market gainer recently, momentum is building for an IMX rally.

Singapore, Singapore, 18th September 2024, Chainwire

With the BTC price sustaining above the $60K mark, the bull run in the altcoin segment is heating up. As the speculations of a bull run in Bitcoin to the $100K sparks up with Presidential elections and rate cuts, the gaming, AI, and meme cryptos are racing fast.

Cryptocurrency prices were mixed as traders focused on the upcoming Federal Reserve meeting, with the crypto fear and greed index remaining in the fear zone.

Market downturn pushes traders towards stablecoins as Bitcoin breaches critical support, impacting the broader altcoin market.

Kujira and its partner join the Rujira Alliance to create a new DeFi app layer for THORChain.

TL;DR PancakeSwap launches its first prediction bot on Telegram to predict BNB prices. The celebration campaign includes a drawing for $4,444 in rewards on September 22. The bot allows predictions to be made every 5 minutes with a minimum stake of 0.001 BNB.

Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.

TL;DR Kujira merges with major ecosystem projects to form the Rujira Alliance, aiming to expand THORChain's capabilities and reach. Rujira Alliance to revolutionize DeFi by integrating member strengths, enhancing user experience, and providing seamless access to DeFi services. Introduction of a new native token to facilitate transactions and incentivize participation, driving further engagement and investment in THORChain.

DeFi project Kujira merged with three ecosystem partners to create an alliance to build THORChain's app layer, backed by a new token.

Amid the broader volatility, the DeFi tokens are making news with a potential breakout rally ahead. With the Uniswap team under pressure from the CFTC team and the fine of $175,000, PancakeSwap takes an interest in smart money.

THORChain recently underwent a hard fork, but it wasn't enough for the bulls to gain control of the market.

TL;DR The major THORChain hard fork took place on September 4, but the price of RUNE has dropped 70% in the past six months. RUNE has dropped 12% in the last 24 hours and continues to decline.

THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the daily chart.

Pool Masters, from the creators of 8 Ball Pool, joins Immutable (IMX)'s Main Quest, bringing web3 rewards and player ownership to mobile pool gaming.

Immutable X token is stuck in a deep bear market ahead of a big token unlock and as the outlook for non-fungible tokens darkens. Immutable X (IMX) retreated to $1.958 on Sep.

Here are the top 3 token unlocks happening this week that could significantly impact the market

THORChain price (RUNE) has experienced a noticeable uptick in its value as the broader cryptocurrency market begins to rebound. The price of RUNE is indicating a robust recovery, hinting at positive market dynamics.

RUNE's struggle to break above key EMAs leaves traders eyeing the $3.5 support for signs of a potential bullish reversal.

This reduced its total supply by 9,171,676 CAKE tokens, equivalent to a staggering $15 million. Token burns like these are a critical part of PancakeSwap's tokenomics, helping to manage the supply of CAKE.

PancakeSwap has seen the price of its native token rise slightly after the multi-chain decentralized exchange announced it had burned more than 9 million of the tokens. The price of PancakeSwap (CAKE) rose by about 2.3% following the announcement.

Several unlocks are coming in September, with a mixed bag of tokens dedicated to the community or to project development. Unlocks are still seen as a mostly bearish sign due to supply pressures.

September is expected to be the beginning of change for the crypto market, which could be a boon for altcoins.

Immutable, a leading player in the blockchain and crypto space, has shown exceptional resilience. Despite a recent market-wide downturn, which saw Bitcoin (BTC) prices plunge from $64.2k to $58.2k, IMX managed to rebound strongly.

The Immutable price has dropped by 2% in the past 24 hours, falling to $1.45 as the crypto market suffers a comparable 1.5% loss today.

With the crypto market wilting under the weight of these fearful times, three of the higher end altcoins are at, or near, major support levels once again - is this the time to buy?

Despite the higher timeframe bullish bias, speculators in the lower timeframes were not so keen, as evidenced by a negative funding rate.

Amid rising price volatility in the cryptocurrency market, top tokens have displayed increased buying and selling pressure over the past few days. Moreover, the largest altcoin, Ethereum price has successfully reclaimed the $2.5K level. Following this, mid-cap altcoins have recorded a similar price action. This has resulted in many tokens recording a double-digit gain.

Bitcoin has recently faced a bit of turbulence, dropping from its previous high of $63,000. However, the analyst of Crypto Banter's The Sniper Trading show said that it's important to remember that the last low was around $49,000, and we are still maintaining higher lows, sitting comfortably at $59,000-$60,000.

Immutable X is the first layer-two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability, and zero gas fees for minting and trading, all without compromising user or asset security. Immutable zkEVM is the first of its kind - a chain for games that offers EVM compatibility, low cost, massive scale, and Ethereum security.

Learn how to bridge tokens across different chains using the Immutable (IMX) Toolkit, now integrated with Squid for enhanced functionality.

Immutable (IMX) Passport surpasses 2 million signups, setting a new standard for web3 gaming wallets by addressing the unique needs of gamers and developers.

Another spike in Bitcoin to $61K for the seventh time since August 8th means the altcoin market is heading to the $1 trillion mark. As the bullish momentum increases, interest in DeFi, AI, and Gaming tokens increases. With the bullish resurgence showing potential to hit 2021 levels. Here are the top Gaming tokens to buy.

Discover the transformation of gaming through Web3 as Immutable (IMX) Ambassadors share their journeys and insights, highlighting the benefits of true asset ownership.

The crypto market traded in the green today as Bitcoin's steady above $60.5K triggered bullishness in the altcoin space. While the top ten digital tokens by market capitalization gained up to 3% on their daily charts, magnified investor sentiment propelled Immutable (IMX) surges by 10% over the past 24 hours.

Amid ongoing market volatility, the altcoin leader, Ethereum's price has reclaimed the $2,650 level with a jump of 2.11% in the past day. Following this, ETH-based altcoins have gained significant attention from the market. This has resulted in them breaking out of their important resistance levels.

As major cryptocurrency prices consolidate ahead of Friday's key speech from Fed Chair Jerome Powell, traders are turning to top crypto performers today in the altcoin market as they hunt for upside volatility.

Immutable (IMX) is largely flat in the past 24 hours despite price breaking from below $1.12 to reach the key resistance area near $1.20. However, while the native token of the Web3 gaming platform hovers below the supply zone, there's massive activity around the gaming blockchain as multiple game titles launch on Immutable.

THORChain is set to undergo a hard fork on September 4, 2024, at 4pm UTC, bringing several upgrades and planned downtime.

RUNE, has recently captured the attention of crypto enthusiasts with its impressive performance and potential for significant gains. After a strong week of gains, RUNE has faced a slight setback, but analysts are eyeing a potential 200% surge that could see the token reach $10.

THORChain was about to break above a long-term bullish pattern that could result in a 200% price rise.

The history of the decentralized exchange PancakeSwap

Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNE's trajectory is upward with a whopping 17% gain since last week.

Immutable (IMX)'s integration with Fireblocks will enhance digital asset management for games, builders, and DeFi projects, offering global access to Immutable zkEVM.

LI.FI, a cross-chain liquidity provider, has announced its support for native Bitcoin swaps through ThorChain, according to an Aug. 14 statement shared with CryptoSlate. This integration, facilitated by SwapKit, enhances Bitcoin transfers between Ethereum Virtual Machine (EVM) chains and simplifies the exchange of the flagship asset for other cryptocurrencies within these networks.

LI.FI's integration with ThorChain enhances cross-chain liquidity, simplifying Bitcoin transactions and broadening DeFi platform capabilities. The post LI.FI integrates ThorChain for native Bitcoin swaps with EVM chains appeared first on Crypto Briefing.

Immutable teams up with Fireblocks to secure asset management for Web3 games, NFTs and DeFi projects within its ecosystem.

Major Web3 gaming platform Immutable has announced a strategic integration with enterprise platform Fireblocks.