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Altcoins NEAR, IMMUTABLE, AVAX rallies amid market downturn

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Nearprotocol,Immutablex

Avalanche (AVAX), ImmutableX (IMX) and Near Protocol (NEAR) tokens rallied on Thursday as all three networks appeared to have experienced positive investor sentiments.

NEAR saw slight gains following the launch of Nightshade 2.0 on its mainnet. IMX has risen 10% in the past 24 hours, stretching its weekly gains to 17%.

and IMX are currently up 4.2% and 10%, while NEAR slightly declined after rallying 4%. Key updates in altcoins lead to rallies despite overarching pressure Near Protocol saw slight gains today, rising over 4% before experiencing a correction. The rise may be attributed to the protocol's recent announcement of Nightshade, an upgrade to its sharding design. The upgrade aims to provide better scalability to the network through the introduction of stateless validation.

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