{"id":64190,"date":"2023-09-22T11:46:49","date_gmt":"2023-09-22T15:46:49","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-immutablex-imx-price-rockets-up-30-as-whales-start-accumulating-and-meme-kombat-could-be-the-next-crypto-to-explode\/"},"modified":"2023-09-22T11:46:53","modified_gmt":"2023-09-22T15:46:53","slug":"is-it-too-late-to-buy-immutablex-imx-price-rockets-up-30-as-whales-start-accumulating-and-meme-kombat-could-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=64190","title":{"rendered":"Is It Too Late to Buy ImmutableX? IMX Price Rockets Up 30% as Whales Start Accumulating and Meme Kombat Could Be the Next Crypto to Explode"},"content":{"rendered":"
\n

IMX has exploded +30% over-night in a sensational move driven by a massive influx of volume on South Korean crypto markets, the native token of the ImmutableX NFT platform is now poised to test resistance at the 200DMA – leaving some asking ‘is it Too Late to Buy ImmutableX’?<\/p>\n

A tsunami of more than $617m in 24-hour trading volume on the Upbit and BW exchanges triggered a jaw-dropping +38.1% move as markets became invigorated by a critical reclamation of the 20DMA.<\/p>\n

This was followed by a flurry of trailing capital on popular Western exchanges such as Binance, leaving IMX price high in the trading channel – and possibly vulnerable to a dump if fortunes change on South Korean exchanges over the weekend ahead.\u00a0<\/p>\n

<\/oembed><\/figure>\n

But it appears that crypto whales are unphased by the potential risk, with appetite remaining as major purchases begin to land on Etherscan such as the $512,722 transaction above.<\/p>\n

IMX Price Analysis: Will ImmutableX Crack 200DMA or Face South Korean Dump?<\/strong><\/h2>\n

In the midst of the upside swing, IMX is currently trading in minor localised retracement, at a market price of $0.64 (representing a 24-hour change of -5.19%).<\/p>\n

The magnificent +34% candle yesterday came following a strengthening of IMX technical structure following 48-hours of consolidation above the 20DMA (stood at $0.54) – which had acted to supress upside price moves for 45-days since August 4.<\/p>\n

With the 20DMA now forming stable footing, all eyes turn to the 200DMA (stood at $0.80), which remains trading high above price action – a level untouched for 110 days since June 5.<\/p>\n

As technical form fights for position amid localised retracement, it seems price could move lower on the short-time frame.<\/p>\n

This is because of a severely over-heated RSI, which is displaying significant bearish divergence with an overbought signal at 64.22.<\/p>\n

Yet, while the RSI demands retracement and consolidation, the MACD suggests bullish momentum remains – with a positive 0.0202 reading.<\/p>\n

Overall, following the dramatic bounce above the 20DMA, IMX has strengthened in technical structure – poising price action for a run at the 200DMA following a brief period of localised retracement and consolidation.<\/p>\n

This leaves ImmutableX with an upside target at $0.81 (a potential +25.54%).<\/p>\n

While to the downside, risk remains of a return to the 20DMA at $0.54 (a possible -16.3%).<\/p>\n

IMX therefore has a risk: reward ratio of 1.57 – a good entry, with strong upside potential on the short-time frame, and certainly not too late to buy.<\/p>\n

But while IMX bag-holders rejoice at the improved technical posture, on-chain interest is pivoting towards a new meme coin with a nostalgic twist.<\/p>\n

Dive into Meme Kombat Arena: Betting Meets Blockchain<\/strong><\/h2>\n

Meet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.<\/p>\n

So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?<\/p>\n

The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.<\/p>\n

<\/oembed><\/figure>\n

Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.<\/p>\n

With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there’s no shortage of action, and Season 2 is already on the horizon for December 2023.<\/p>\n

The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable – every battle is a new experience, ensuring players stay engaged.<\/p>\n

Trust in the Meme Kombat Infrastructure: Staking, Rewards, and More<\/strong><\/h2>\n
<\/oembed><\/figure>\n

The project isn’t just about excitement; it’s built on a foundation of trust – Meme Kombat’s commitment to transparency is evident through initiatives like the impending security audit of their smart contract.<\/p>\n

The findings of this audit will soon be public, a move that many projects shy away from.<\/p>\n

The founder and project lead, Matt Whiteman, isn’t an unknown entity in the crypto space.<\/p>\n

His experience spanning two decades in process design, combined with his position as the COO of North Technologies, adds credibility to Meme Kombat.<\/p>\n

When so many projects hide behind the veil of anonymity, Whiteman’s open profile and the project’s physical address in Amsterdam offer an extra layer of trustworthiness.<\/p>\n

The tokenomics of Meme Kombat is also an appealing factor for potential investors – Stake the Meme Kombat ($MK) token, priced attractively at $1.667, and dive into a rewarding ecosystem.<\/p>\n

With a generous APY of 112%, stakers not only benefit from passive income but can also use their staked tokens to place bets in the arena – this dual functionality \u2013 earning while gaming \u2013 sets Meme Kombat apart.<\/p>\n

Intriguingly, engagement on the platform directly influences the income one can earn, so, the more you participate, the more you stand to gain.<\/p>\n

<\/oembed><\/figure>\n

With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.<\/p>\n

By merging memes, gaming, and blockchain, the platform is presenting something fresh to the crypto community.<\/p>\n

For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss – so, don’t be left behind. Embrace the future of meme-based gaming and betting with Meme Kombat.<\/p>\n

Buy Meme Kombat Here<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n