Cryptocurrency analysts highlight the most successful digital assets of the day

Editor’s note: not financial advice!

According to CoinGecko, there were no significant drops in the cryptocurrency market over the past day. Given the growth of the total market capitalization by 0.1% to $ 1.22 trillion, analysts called the situation stable. However, some digital assets have shown significant growth and decline.

Among the successful tokens is Bone ShibaSwap (BONE), which gained 8% per day and 51.4% per week. At the time of writing, the cryptocurrency is trading at $ 1.43. The market capitalization of BONE is $ 331 million. The rapid growth of the token is due to the fact that the developers of Bone ShibaSwap have announced the exact dates of the launch of the main network of the Shibarium protocol. It will take place in August 2023.

The Injective (INJ) cryptocurrency also showed positive performance. INJ quotes have increased by 5.6% over the past 24 hours. The virtual asset can be purchased for $ 8.32, with a market capitalization of $ 666 million.

However, not all digital assets have pleased their owners. Thus, eCash (XEC) fell by 10.6% during the reporting period. The market capitalization of eCash is $ 656 million. The eCash network operates on the Proof-of-Stake blockchain. The blockchain developers plan to reach a speed of 5 million transactions per second. Currently, eCash supports only 100 transactions per second. To achieve the goals, the developers intend to create an easily scalable infrastructure and implement the QUIC network protocol.

As for the sector’s flagship, bitcoin managed to grow by 0.2%, currently trading at $ 30,262. Ethereum added 0.4%, reaching $ 1866.