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Cryptocurrency analysts name a token that grew by 36% per day

4:41 pm, November 15, 2023

Despite a significant drop in the cryptocurrency market over the past day, analysts have drawn attention to digital assets that have managed not only to hold their positions but also to grow. The list of leaders includes: AERGO, dYdX, and PancakeSwap.

AERGO showed the best results among all the cryptocurrencies in the top 500 list, with its quotes jumping by 36.6%. As of the morning of November 15, the value of the digital asset reached $ 0.199. AERGO’s daily transaction volume increased by 2626% to $ 345 million.

Aergo developers presented their product as an open-source corporate blockchain platform. According to experts, it is fully «optimized for hybrid deployments of blockchain architectures.» The platform was created by the South Korean company Blocko, which previously helped launch blockchain networks for Lotte Card, Shinhan Bank, Korea Exchange, and Hyundai Motors.

In addition, dYdX (ethDYDX) quotes have increased significantly over the past day. This cryptocurrency gained 21.3% to trade at $ 3.86. The daily trading volume of ethDYDX jumped almost 3.5 times and reached $ 893.26 million.

The PancakeSwap cryptocurrency also pleased its owners, rising to $ 2.57, adding 18.6% over the past 24 hours. CAKE quotes increased by 124% over the previous month, and the token’s capitalization reached $ 589.79 million.

It should be noted that the market leader failed to overcome the resistance at $ 37,500. Yesterday, on November 14, BTC started a new decline from a high of $ 37,423 and fell below many support levels, including a drop below $ 36,000, $ 35,500, and even $ 35,000. As for the global situation on the crypto market, today the industry’s capitalization shows a 2.25% drop and amounts to $ 1.36 trillion.

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BTC

$56,536.26

-2.88%

ETH

$2,991.80

-4.74%

BNB

$498.30

-5.03%

XRP

$0.43

-4.10%

SOL

$134.76

-0.04%

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