šŸšØšŸš€ IMX, TIA & TAO Soar as FOMC Decision Looms! Will Fear Take Over? šŸ˜±

šŸ“ˆ Immutable X, Celestia, and Bittensor Surge Ahead of FOMC Decision! šŸš€

IMX Skyrockets šŸŒŸ

$IMX

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.

TIA & TAO Rally šŸš€

$TAO

$TIA

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€¢ Bittensorā€™s growth is fueled by the rising interest in AI-focused coins and stocks, mirroring Nvidiaā€™s 9% and Microsoftā€™s 7% rally in recent days.

FOMC Decision Looms šŸ”®

ā€¢ Eyes are on the Federal Reserveā€™s 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 thereā€™s a risk the market has already priced in this possibility.

Market Sentiment šŸ˜±

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 marketā€™s next move remains uncertain.

Stay tuned for more updates as we approach the Fedā€™s critical decision! šŸ“Š

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