2024-07-23 19:30:15 by NewsBTC

Crypto gaming is making a comeback with Immutable leading the charge. This led IMX, the native token of the platform, to give strong bullish signals, giving investors and traders a substantial 10% uptick since last week.  The move was supported by an increase in activity within the Immutable network itself, with more than enough game announcements since last week. Hype aside, Immutable is currently solidifying its position within the crypto gaming industry.  Major News For The Crypto Gaming Industry  Immutable’s platform for the crypto gaming industry has been proven effective. With an active roster of over 200+, its growth continues to attract more developers to build games on Immutable.  Immortal Rising 2 was recently announced that it will be released on Immutable, bringing more attention to the platform with Planetarium Labs CEO and Founder JC Kim stating in a recent interview he’s “excited to join forces with Immutable” which will help them deliver “cutting-edge gaming experiences,” for users. “We are excited to join forces with Immutable to build Immortal Rising 2. This partnership marks a significant milestone in our mission to deliver cutting-edge gaming experiences,” Planetarium Labs CEO and Founder JC Kim said in a recent interview.  This move came after Immortal Rising 2’s success in South Korea and the global gaming market, with over 2 million downloads and a $24 million revenue. Onboarding a hotshot of a game on Immutable will bring more than enough capital to improve its systems. Immortal Rising will hold a second closed beta test with an evaluation occurring today, July 23rd, for the CBT applicants.  IMX market cap currently at $2.4 billion. Chart: TradingViewAnother bombshell for Immutable is from a recent blog post that was released today. According to their metrics, over 380+ games are currently in development on Immutable’s platform. They also boasted the platform’s zero-knowledge Ethereum virtual machine (zkEVM) is one of the fastest growing chains “in history” with over 2.2 million active users.  This is a strong indicator that industry-wise, Immutable has a trustworthy platform for developers to use, thus giving investors and traders confidence that IMX is a worthwhile investment.  Will Your Portfolio Be Evergreen? IMX’s current position is somewhat unstable and safe at the same time. The $1.458 support level has held since the later part of June, but the $1.706 resistance has also held its ground against the bulls. If the bulls have a chance of getting through $1.706, any major market action done by the top cryptocurrencies could influence the price whether for the better or for worse. However, if the bulls can break through $1.706 they will have an open road toward the ~$2 mark. Keeping this in mind, investors and traders should hold until any sign that the market slippage today is only temporary and not a prelude to worse things to come. But with the positive on-chain news it has this month, there is a chance IMX will go against the grain of a market downturn and continue its rise.  Featured image from Bloomberg, chart from TradingView Christian Encila They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.