Top 5 Cryptocurrencies Of The Week – Week 26
The cryptocurrency market has been declining since November 2021. The major coins likeBitcoin and Ethereum dropped from their respective all-time high prices of $69,700 and $4,850. Too many altcoins are displaying poor performance. Yet, some cryptocurrencies showed good performance. This article is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let’s take a look at it in more detail.
5.Top 5 Cryptocurrencies: ApeCoin (APE) +1.7%
APE/USD Weekly chart – GoCharting
According to its website, ApeCoin is the governance and local cryptocurrency of the Bored Ape Yacht Club. Its configuration permits it to mature into the decentralized protocol layer for activities within the community and its environment. It is also an ERC-20 token that developers employ to approve and incentivize decentralized community design at the fore of web3. Token holders manage themselves through the decentralized governance framework governing the ApeCoin DAO. In the last 7 days, the APE price has increased by +1.7%, just enough for a spot on our top cryptocurrencies list.
4.Top 5 Cryptocurrencies: NEM (XEM) +2.6%
XEM/USDT Weekly chart – GoCharting
NEM is a circulated environment that advocates the transfer of smart asset value between companies and individuals. This platform strives to create a technologically community-improved blockchain design where people can purchase and sell digital illustrations of real-world assets and have the supernatural privilege. NEM (XEM) is essentially utilized to easily execute the transfer of digital assets such as tokens, files, and contracts. In the last 7 days, the XEM price has increased by +2.6%, just enough for a spot on our top cryptocurrencies list.
3.Top 5 Cryptocurrencies: Tenset (10SET) +10%
10SET/USD Weekly chart – CoinMarketCap
According to its website, Tenset is a blockchain project that visualizes itself to be the link between cryptos and the conventional stock market. It uses the ETF2.0 deflationary token and a staking technique. Its purpose is to hasten the adoption of cryptocurrencies and blockchain by the economic markets. In the last 7 days, the 10SET price has increased by +10%, just enough for a spot on our top cryptocurrencies list.
2.Top 5 Cryptocurrencies: Evmos (EVMOS) +12%
EVMOS/USD Weekly chart – CoinMarketCap
According to its website, Evmos is an Inter-Blockchain Communication protocol. It represents layers of blockchain. It is currently the secure and decentralized approach to transfer assets across different blockchains, extending interoperability across numerous chains. The project seeks to align the stakes of all the parties and make blockchain more effortless. In the last 7 days, the native token EVMOS price has increased by almost +12%, just enough for a spot on our top cryptocurrencies list.
1.Top 5 Cryptocurrencies: TerraClassicUSD (USTC) +465%
USTC/BUSD Weekly chart – GoCharting
TerraUSD was designed to provide value to the Terra community and deliver a scalable answer for DeFi amid extreme scalability issues encountered by other stablecoin like Dai. Thus, TerraUSD vows users a more elevated level of scalability, interest rate precision, and interchain use. In the last 7 days, the native token USTC price has increased by almost +465%, just enough for a spot on our top cryptocurrencies list.
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