Cryptocurrency markets remained largely stagnant on September 23, as investors appeared cautious following last week’s Federal Reserve decision. While Bitcoin and Ethereum saw minimal movement, several altcoins surged, including Neiro, Immutable X, and Arkham, gaining attention amid broader market uncertainty.
Bitcoin briefly reached a multi-week high of $64,741 before returning to $63,377. Ethereum also saw a slight rise to $2,680. This movement reflected a similar trend in traditional markets, where major U.S. indices like the Dow Jones, Nasdaq 100, and S&P 500 showed little volatility following the Fed’s announcement.
Despite the overall market stagnation, Neiro (NEIRO) stood out with a remarkable 44.61% surge, hitting a record high of $0.0012. This rally propelled Neiro’s market cap beyond $484 million, making it the ninth-largest meme coin by market value. Neiro’s rise surpassed established meme coins like Book of Meme, Cat in a Dog’s World, and Mog Coin. The coin’s rapid growth has been fueled by a surge in speculative interest from retail traders.
Immutable X and Arkham Rally on Gaming and Data Growth
An increase was also noted for the IMX crypto, as the gaming sector’s non-fungible tokens Layer-2 scaling solution climbed 14.8% and peaked at 1.9481, which has not been outshined since June 4th. Such successful growth has especially taken off since the bottom value reached in August this year increased twofold as of last week with the seventh launch of price upturns. The rally of Immutable X, however, can be easily explained by growing interest on behalf of game developers, especially after the successful launch of the popular game Immortal Rising 2 on its zkEVM network.
RavenQuest is now available to everyone!
Phase 2 is live on Immutable. pic.twitter.com/RIxjFDhaBh
— Immutable (@Immutable) September 22, 2024
Gradually, these also present additional efforts like RavenQuest Phase 2 and Tree verse and arise that have enhanced the standing of Immutable X, inciting more NFT activity within the ecosystem. Pixel-based structure for interactive games has become so developed that a day–wise interception of electronic cash outlay in NFTs has been accomplished.
Over the last week, ramp t gaming and noun founders have toned down the lending marketplace. For the first time in six months, the total sales volume of NFTs on ImmutaleX increased by 16%, adding month-over-month sales of $3.4 Million. The Guild of Guardians Heroes collection led this growth, increasing sales volume by 17%.
Arkham (ARKM) also performed extremely well, advancing by 23.88% to $1.42, the highest since July 19th. Arkham is gradually rising in favor among traders because of the rich data available within its ecosystem. A double-bottom chart pattern can explain the subsequent price correction after reaching $0.75. The token broke above the strong resistance at $1.40, suggesting that the push may extend upwards.
With Bitcoin and Ethereum remaining largely in sideways trading mode, market participants seem to be rotating to the lower tier Neiro, the Immutable X, and the Arkham, which are focused on simple attractions but of instant payout in this relative calmness of broader market development samples.
