The cryptocurrency market is displaying stability and strong performance. At the time of writing this, the Bitcoin price is sitting at 19047.30 and the BTC price has increased by almost 7.5% in the last 7 days.
From the past seven days, the market has not demonstrated a great change. Still, some altcoins are exhibiting growth. Here are the top 5 performing cryptocurrencies of the week (week-19). Let’s take a look at it in more detail.
5. Aave +37.2%
Aave is a decentralized lending platform based on Ethereum. The project has seen phenomenal growth since the introduction of lending pools. Anyone can use Aave to lend out or borrow Ether and ERC-20 tokens. Aave is seen as an innovative project. In the last 7 days, the Aave price has increased by almost +37.2%, just enough for a spot on our top 5 cryptocurrencies list.
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4. Elrond +50.6%
Elrond was by far the best performing cryptocurrency and DeFi project in the first quarter of 2020. The price of ERD was as low as $0.0006 in March 2020 and peaked at $0.0295 within just a few days. ERD/USDT was up by more than 5,100% in just 4 months. In the last 7 days, the Elrond price has increased by almost +50.6%, just enough for a spot on our top 5 cryptocurrencies list.
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According to its website, NEXO (NEXO) is a pliant token that is supported by the underlying assets of Nexo’s loan portfolio. It gives consistent passive income to token holders in the form of 30% of the company’s profits. In the last 7 days, the NEXO price has increased by almost +51.8%, just enough for a spot on our top 5 cryptocurrencies list.
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2. Sushi +58.3%
Sushi strives to change the AMM market and also add extra characteristics not earlier present on Uniswap, such as enhanced rewards for network members through its in-house token, SUSHI. It is performing consistently well. Sushi was launched in September 2020 as a fork of Uniswap. In the last 7 days, the SUSHI price has increased by almost +58.3%, just enough for a spot on our top 5 cryptocurrencies list.
1. MaidSafeCoin (MAID) +68.1%
MaidSafeCoin (MAID) is the decentralized coin for the SAFE Network. The SAFE network is an independent and decentralized data chain that claims additional hard disk space, processing power. The network is composed of two principal users: “clients” who obtain the different characteristics of the network, such as browsing, collecting data, or giving money, and “farmers” who observe clients’ data until it’s required to get a reward for their applications. In the last 7 days, the MAID price has increased by almost +68.1%, just enough for a spot on our top 5 cryptocurrencies list.
The above are the top 5 performing cryptocurrencies. The other two major cryptocurrencies Ethereum and Ripple also displayed good performance in the last 30 days.
In the last 7 days, the ETH price has increased by almost 9.5% but the good performing coin XRP price decreased by almost 4.5%.