Cryptocurrency experts name a little-known digital asset that grew by 800%

Note: not investment advice!

Analysts in the digital asset industry note that the cryptocurrency sector has recently lost most of the gains made over the past few months, and its global market capitalization has fallen to $ 2.2 billion. Leading digital assets — Bitcoin BTC $62,924.40 Bitcoin 2.12% Market capitalization $1.24 trillion VOL. 24 hours $1.36 billion , Ethereum ETH $3,481.62 Ethereum 2.51% Market capitalization $418.45 billion VOL. 24 hours $0.7 billion , Solana SOL $147.23 Solana 4.14% Market capitalization $68.12 billion VOL. 24 hours $0.32 billion , Ripple XRP $0.48 XRP 1.01% Market capitalization $26.73 billion VOL. 24 hours $61.7 million , Cardanoand many others — are «deep in the red» on a 7-day basis.

Experts believe that the situation is no better for meme coins. Thus, Dogecoin DOGE $0.13 Dogecoin 1.91% Market capitalization $18.21 billion VOL. 24 hours $45.02 million is falling by 22% weekly, while dogwifhat (WIF) and Floki Inu (FLOKI) have lost almost 30% of their value over the same period.

However, one meme asset, experts note, «is holding up well against the backdrop of gloomy reality,» referring to Crow With Knife (CAW).

This meme coin was released in mid-March, but its price started to rise at the end of last month. It rose by almost 50% in 24 hours and 800% in a week. In addition, its market capitalization exceeded the $ 100 million mark.

The latest price explosion of CAW coincides with the launch of the asset on the decentralized exchange PancakeSwap. Earlier, it received support from the popular cryptocurrency platform Crypto.com, which opened trading services with it.

Other meme coins that have become sensations over the past few months include dogwifhat (WIF), Bonk Inu (BONK), BOOK OF MEME (BOME). Interestingly, they are all built on the Solana blockchain, while CAW is a symbolic part of the Cronos ecosystem.

The rapid price movement in the meme coin sector by the latter is another example of the notorious volatility of this cohort.

The No Worries editorial team informs that the article is informative and strongly recommends that readers do not invest their own funds in little-known digital assets and dubious cryptocurrency projects!