In a riveting twist to the digital car racing realm, the reputed Auto Legends has sealed its collaboration with Immutable. This alliance signifies more than just a partnership – it marks the advent of an exhilarating era in automotive gaming, amalgamating the finesse of seasoned gaming giants with the enthusiasm of car aficionados.
Immutable, a leading platform for building web3 games on Ethereum, shared a Twitter post providing the current statistics of their collaboration with Auto Legends, a game that has rapidly gained traction in the car racing genre.
Pooling wisdom from industry titans such as Riot Games and EA, Auto Legends is poised to pioneer an evolution in racing games. Historically, titles affiliated with these giants have garnered attention from a whopping 65 million+ players. In light of this, experts are forecasting that Auto Legends might be the next crescendo in this genre.
One of the crucial tenets that bolster Auto Legends’ potential for success is its strategic alliance with car giants. With green lights from eminent brands like Pagani, Subaru, and McLaren, gamers could anticipate a genuinely authentic racing experience. And as per the grapevine, this list is only the tip of the iceberg, with more prominent names slated to join the bandwagon as the game nears its official launch.
The President of Auto Legends, Peter Pham, encapsulated the spirit of this partnership, stating,
By synergizing Immutable’s expertise in the burgeoning web3 sector, our robust background in gaming, our unwavering commitment to delivering exhilarating gameplay, and our formidable connections in the automotive world, we’re poised to usher in a new dawn for car-racing games.
This collaboration isn’t the only buzz-worthy news circling Immutable. The NFT-centric platform’s token, IMX, has been riding a tidal wave of success. Recent reports indicate a staggering 35% uptick in value, largely attributed to its debut on South Korea’s foremost exchange platform, Upbit. Notably, the trading of IMX in the form of the IMX-Korean won pairing on Upbit has constituted almost a fifth of its global trading volume.
Immutable price analysis for today shows a strong bullish trend in the past 24 hours after a major price spike of 35.53%. The IMX/USD price is currently at $0.723291 as of today, with buying pressure from investors and traders pushing the price up. The 24-hour trading volume has seen a strong surge of more than 2,039% at $250 million since yesterday. The current CoinMarketCap ranking of the token is 44, with a live market cap of $846,177,310.
The technical indicators for Immutable show more uptrend movement as the Relative Strength Index (RSI) is currently above 70, indicating an overbought trend. The Moving Average Convergence Divergence (MACD) had also crossed over the signal line and headed toward outlining an upward trend. The Chaikin Money Flow (CMF) indicator shows that money flows into IMX from traders and investors, indicating bullish sentiment in the market.
The 20-EMA crossover with 50-EMA suggests further bullishness in the IMX/USD pair market. The technical indicators suggest if bulls can keep the price momentum up, the long-term trend could remain positive with the next resistance point at $0.7600. However, if bears manage to pull the price down, this could lead to a bearish pattern and break the support level of $0.5300.
