Cryptocurrencies experienced growth in value – The general crypto market is experiencing a slight downtrend. According to CoinMarketCap, the global crypto market cap is $1.16T and is down 0.04% in the last 24 hours.

While this is the case, the market is currently displaying a level of resilience with some cryptocurrencies making profits in the last 24 hours. In the article, we will take a close look at the global crypto market and further explore some cryptocurrencies that have experienced a growth in value.

The crypto market experiences a slight downtrend

As earlier stated, the general cryptocurrency market has experienced a drop in value. This, however, is a result of the constant volatility experienced by cryptocurrencies. While the market remains unpredictable, this slight change illustrates cryptocurrencies’ potential as financial assets.

5 cryptocurrencies experiencing growth in value

Below is the list of 5 crypto assets that are currently seeing a major increase in value. These gems are generally undervalued cryptocurrencies that have not yet reached their full price potential. See the list below:

  • Injective
  • Bitcoin SV
  • The Graph
  • Lido DAO
  • PancakeSwap

1. Injective (INJ)

These 5 Cryptocurrencies Have Experienced a Growth in Value

Injective, a decentralized derivatives trading system, has grown by over 2% in the last 24 hours. The digital asset, which is built on the Ethereum blockchain, intends to enable permissionless and decentralized trading of different financial products.

Its rapid increase demonstrates the growing interest in decentralized exchanges and their potential to disrupt existing financial institutions. According to live data from CoinMarketCap, the price of Injective (INJ) is $7.58 and it is currently up 2.38% in the last 24 hours.

2. Bitcoin SV (BSV)

These 5 Cryptocurrencies Have Experienced a Growth in Value

Bitcoin SV, a cryptocurrency formed through a hard fork from Bitcoin Cash, has seen a 6% gain in value. The project which is known for its emphasis on scaling and facilitating large-scale transactions, wants to provide a blockchain platform for corporate applications. This recent price increase reflects increased trust in its technology and future applications.

Live data from CoinMarketCap shows that the price of Bitcoin SV today is $34.18 with a live market cap of $658,676,228.

3. The Graph (GRT)

These 5 Cryptocurrencies Have Experienced a Growth in Value

The value of The Graph, a decentralized technology that enables fast data indexing and querying on the Ethereum blockchain, has increased by almost 2%.

The Graph has garnered popularity in the crypto world with its ambition to enable Web3 by organizing and providing blockchain data. The recent price increase reflects the rising acknowledgment of its value in enabling decentralized applications.

CoinMarketCap data shows that the price of GRT today is $0.1284. The price is up by 1.88% in the last 24 hours with a live market cap of $1,171,909,455.

4. Lido DAO (LDO)

Lido DAO

The value of Lido DAO, a decentralized autonomous organization focusing on developing liquid staking solutions for Ethereum 2.0, has increased by almost 5%. Lido DAO intends to improve the liquidity and accessibility of Ethereum staking by allowing ETH users to stake their tokens and collect rewards without locking them up. The recent price increase reflects the market’s acknowledgment of Lido DAO’s value proposition.

According to data from CoinMarketCap, the price of Lido DAO today is $2.21. It is up by 4.38% in the last 24 hours with a live market cap of $1,943,187,062.

5. PancakeSwap (CAKE)

PancakeSwap (CAKE)

The decentralized exchange PancakeSwap, which is based on the Binance Smart Chain, has had a 10% growth in the last 24 hours. PancakeSwap, a well-known decentralized finance (DeFi) platform, draws a sizable user base by enabling users to farm and sell a variety of tokens. Its most recent rise illustrates the crypto market’s ongoing interest in and demand for DeFi initiatives.

CoinMarketCap data shows that PancakeSwap is currently selling at $1.73 with a live market cap of $348,032,776.

All the above-listed cryptocurrencies have experienced growth in value.

Disclaimer: The views and opinions expressed in this article are solely the author’s and should not be considered investment advice. You are advised to conduct your own research or consult a financial adviser before you invest your money.