Cryptocurrency analysts named 5 cryptocurrencies that have a chance to grow this week

❗ Not financial advice!

Following the collapse of Silvergate, a digital asset-focused bank, the cryptocurrency market has faced new bearish sentiment. However, cryptocurrency experts have identified several promising virtual coins that have a chance to grow this week.

Kava (KAVA) is experiencing a bullish momentum triggered by network activity. Recently, the blockchain of the same name introduced incentives for cryptocurrency validators, and this became a positive trigger for the token’s price. At the time of writing, KAVA is trading at $ 1.03 with a market capitalization of $ 454.95 million.

Stablecoin Maker (MKR) is also showing a breakthrough. The positive dynamics was driven by the low cryptocurrency loan fee introduced by Maker DAO. According to the new plan, Maker DAO has reduced the annual crypto loan fee for Rocket Pool ETH to 0.5% and raised the maximum debt level from 20 million DAI to 30 million DAI.

At the moment, MKR is trading at $ 897.13, which is 28.04% higher than yesterday. The cryptocurrency’s market capitalization is $ 808.6 million.

Experts also focused on the XRP cryptocurrency. The token’s parent company, Ripple, is still in litigation with the U.S. Securities and Exchange Commission (SEC). Investors hope that the final decision will be made in favor of the crypto company, so analysts are recording a minimal bullish trend.

At the time of writing, XRP is showing a 1.8% gain. The cryptocurrency is available for purchase at $ 0.37 with a market capitalization of $ 18.7 billion.

ImmutableX (IMX) has received a bullish price impulse after the launch of a new blockchain game, Undead Blocks. The game, developed by Wagyu Games CEO Grant Haisley, allows users to earn ZBUX tokens, a digital currency that can be used to purchase artifacts and NFTs. Undead Blocks attracted more than 100,000 players during its beta mode.

At the time of writing, the IMX token is trading for $ 0.95, which is 17.89% higher than the previous day. The asset’s market capitalization amounted to $ 819.5 million.

As for the flagship asset, after last week’s failures, bitcoin is showing an increase of almost 10%. At the moment, BTC is trading at $ 22,345, with a market capitalization of $ 431.6 billion. Overall, bitcoin fell by more than 8% last week.