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IMPT bulls eye a retest of $0.012 to add to longs. Source: DEX Tools
IMPT, the native cryptocurrency of carbon credit trading platform IMPT.io, has blasted around 35% higher in the last 10 hours and, in doing so, has taken out a number of key levels of resistance. IMPT/USD was last changing hands in the mid-$0.015s, having surged higher from Monday’s closing levels around $0.010. That surge saw IMPT take out of a key area of resistance in the $0.012 area and then another area of resistance in the $0.01550 area.
IMPT has pumped in the last 10 hours. Source: DEX Tools
What Triggered IMPT’s Price Surge?
A positive project update from the CEO of IMPT.io on Monday could have been the trigger for the latest surge in the cryptocurrency’s price. The CEO announced good news in three areas. Firstly, IMPT.io is set to publish its first screenshots of Use Case 1, as well as release further information ahead of the platform’s plans to go live in February.
Secondly, IMPT.io will be releasing a list of the top 500 affiliate brands, as well as its latest additions, later this week. Finally, IMPT’s token will be listed on the Changelly Pro cryptocurrency exchange later this week.
Bigger Pump Incoming?
Positive fundamentals and technicals could be aligning for IMPT to enjoy a further pump higher. If profit-taking triggers a drop back towards $0.012, bulls could well add to long positions. And with major levels of resistance having already been broken, IMPT’s next stop could be a return to its price at $0.025, which would represent a 70% rally from current levels.
Cronos (CRO) price prediction 2025-2030
Why You Should Adopt IMPT Today Instead
IMPT tokens can be turned into carbon credits on the IMPT marketplace. You may also purchase, sell, burn and retire carbon credits here. To prevent double counting and fraud in the carbon market, IMPT converts carbon credits into NFTs. A stable and transparent environment lowers the barriers in the carbon market.
The IMPT presale organizers made the unusual decision to cut the presale early and move straight to CEX listings with Lbank and Changelly PRO. Many critics would have looked at this decision and called it risky especially since the presale was going along at a successful rate.
They knew what they were doing, however as the news only created more buzz around the project. Despite only giving investors a few more days to get involved, IMPT still raised over $4 million in those last few days and over $20.5 million in total.
It also got the crypto world talking with famous influencers from Germany to India backing the project. More exchanges will be announced in the near future as IMPT goes from strength to strength. Let’s now take a look at how the two coins discussed stack up against each other.
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