Despite the general decline in cryptocurrencies, some tokens continue to grow

Despite the general decline in the crypto market due to the FTX bankruptcy, there are cryptocurrencies that manage to grow even in such conditions. Among these tokens, analysts have identified: GMX (GMX) and Chain (XCN).

The cryptocurrency GMX $27.65 GMX -4.20% Market capitalization $0.26 billion VOL. 24 hours $3.09 million gained the most in value, rising by 23.7% over the past day. The capitalization of the digital asset reached $ 324 million, which put GMX at the 99th position in the top ranking.

The total market capitalization has fallen by 3.3% over the past 24 hours, reaching $ 885 billion. However, the XCN token managed to grow by 6.9%, although not for long, as the cryptocurrency has lost 0.2% of its value, trading at $ 0.050. The total supply of XCN coins on the market reached $ 1.08 billion, which allowed the digital asset to take 41st place in the top ranking.

Experts also drew attention to the meme cryptocurrency DOGE $0.12 Dogecoin -1.61% Market capitalization $17.9 billion VOL. 24 hours $79.77 million , which managed to recover in price, rising by 11% over the past day. Dogecoin remained at the 8th position in the top 10 cryptocurrencies. The token’s capitalization reached $ 12.6 billion.

It is worth noting that the native Solana blockchain token has shown a 9% drop over the past 24 hours. Also, SOL $141.16 Solana -2.90% Market capitalization $65.27 billion VOL. 24 hours $0.43 billion dropped to 14th place among the best tokens. Experts also noted a massive outflow of customers from the platform. Solana’s price volatility and pessimism among cryptocurrency holders peaked as a result of the turmoil between Binance-rozirvala-ugodu-pro-pokupku-ftx/">Binance and FTX CEOs.