The first month of 2021 was already very unique and also extremely influential for the crypto market. The Dogecoin price was increased by more than 227% in one week, briefly also over 1,290%. The Bitcoin price has decreased by almost -4.6% in the last 7 days. While the Bitcoin price dropped, some Altcoins displayed good performance.
At the time of writing this, the Bitcoin price is sitting at $ 33688.87. Here are the top 5 performing cryptocurrencies of the week (week-27). Let’s take a look at it in more detail.
5. Uniswap (UNI) +105%
Uniswap is a decentralized exchange (DEX) built on Ethereum smart contracts. The product is simple. It enables the exchange of ERC-20 coins against ETH or other ERC-20 coins while keeping full custody of the assets, i.e. custody of the assets is not given to a centralized third party. In the last 7 days, the UNI price has increased by almost +105%, just enough for a spot on our top 5 cryptocurrencies list.
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4. Alpha Finance Lab (ALPHA) +134.5%
Alpha Finance Lab is a DeFi platform. It wants to deliver alpha to users over various different blockchains, such as Binance Smart Chain (BSC) and Ethereum. According to its website, the platform intends to create an ecosystem of DeFi commodities. The Alpha Finance Lab’s Alpha Lending is a decentralized lending contract. In the last 7 days, the ALPHA price has increased by almost +134.5%, just enough for a spot on our top 5 cryptocurrencies list.
3. 1inch +174.5%
According to its website, the 1inch gives the most beneficial rates by finding the most suitable swapping tracks across all leading DEXes. In the last 7 days, the 1inch price has increased by almost +174.5%, just enough for a spot on our top 5 cryptocurrencies list.
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2. Fantom (FTM) +177%
According to its website, Fantom is a fast, high-throughput smart contract platform for digital assets and dApps. It is a directed acyclic graph (DAG) smart contract platform implementing decentralized finance services to programmers utilizing its own consensus algorithm. In the last 7 days, the Fantom price has increased by almost +177%, just enough for a spot on our top 5 cryptocurrencies list.
1. Dogecoin (DOGE) +227.2%
Dogecoin is one of the best-known cryptocurrencies on the market. Not because of its technical distinctiveness but the project was launched as a satire cryptocurrency to counter the hype surrounding Bitcoin and various other new cryptocurrencies with something witty. It is an open-source cryptocurrency that is used by internet users globally. The structure is based on Litecoin, indicating that all developments will also be made to Dogecoin. In the last 7 days, the Fantom price has increased by almost +227.2%, just enough for a spot on our top 5 cryptocurrencies list.
The above are the top 5 performing cryptocurrencies. The other three major cryptocurrencies Ethereum, Litecoin, and Ripple also displayed mixed performance in the last few days. In the last 7 days, the ETH price has increased by almost +10%.
But the Litecoin price has decreased by almost -4.1% while the Ripple price has increased by almost +77.5%.