šØš IMX, TIA & TAO Soar as FOMC Decision Looms! Will Fear Take Over? š±
š Immutable X, Celestia, and Bittensor Surge Ahead of FOMC Decision! š
IMX Skyrockets š
ā¢ Immutable X (IMX) surged 17.7% to its highest level since August 31, up nearly 60% from its August low.
ā¢ The spike follows a 125% surge in total NFT sales on its platform, driven by Guild of Guardians Heroes, with sales soaring by 145% to $647,067.
ā¢ Despite this rally, IMX has seen a 33% drop in sales over the past 30 days, totaling $15 million, and a 31% decline in buyers to 12,177.
ā¢ Celestia (TIA) gained 15%, hitting its August 26 high, with trading volume spiking by 23% to $138 million.
ā¢ Bittensor (TAO) jumped 13% to its June 24 peak, with trading volume rising by 5% to $85 million.
ā¢ Bittensorās growth is fueled by the rising interest in AI-focused coins and stocks, mirroring Nvidiaās 9% and Microsoftās 7% rally in recent days.
FOMC Decision Looms š®
ā¢ Eyes are on the Federal Reserveās upcoming decision, with 52% of Polymarket poll participants betting on a 0.50% rate cut, while 47% predict a 0.25% cut.
ā¢ A rate cut could potentially drive investors towards riskier assets like these tokens, yet thereās a risk the market has already priced in this possibility.
Market Sentiment š±
ā¢ The crypto fear and greed index remains in the fear zone at 34, indicating potential caution among investors.
ā¢ Historically, crypto prices tend to dip during periods dominated by fear, so the marketās next move remains uncertain.
Stay tuned for more updates as we approach the Fedās critical decision! š
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