It seems that more precisely we try to determine the position of the cryptocurrency market, less precisely its drive could be determined. From the last few days, once again the market is displaying strange behavior. Still, some altcoins are showing promising growth. Here are the top 5 performing cryptocurrencies of the week (week-4).
5. 0x ZRX (+43%)
0x is an open protocol that allows the peer-to-peer transfer of assets on the Ethereum blockchain. In the last 7 days, the 0x (ZRX) price has increased by almost 43%, just enough for a spot on our top 5 cryptocurrencies list. The exact reason for the price rise is still unknown.
>> Click here to buy ZRX! <<
4. Golem GNT (+53.9%)
Golem describes itself as an Ethereum-based transaction method that achieves payments between providers, requesters, and software developers. All calculations are executed in sandbox conditions and are completely detached from the hosts’ machines.
We are super stoked to introduce the very first developers’ preview for New Golem. The Alpha Reveal is a first devnet for our new protocol, which we announced in May.— golem – NOT DOING AIRDROPS. (@golemproject) August 20, 2020
We are setting up @gitcoin bounties for testers – stay tuned and secure your slot 🙂 https://t.co/CrrKJV3vTz
The GNT price has increased by almost 53.9% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list. The announcement of “The Alpha Reveal (TNM) of New Golem” could be one of the reasons for the price rise.
>> Click here to buy GNT! <<
3. NXM (+87%)
According to its website, the Nexus Mutual utilizes Ethereum so that users can pool risk together without the requirement for an insurance firm. The NXM price has increased by almost +87% in the last seven days, just enough for a spot in our top 5 cryptocurrencies list.
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2. Yearn.finance YFI (+161%)
Yearn.Finance has been one of the most mysterious and most critical projects in the past month. The DeFi coin has seen a ludicrous price wave from “0 financial value” as per the developers, to a high of $12,821. In the last 7 days, the YFI price has increased by almost 161%, just enough for a spot in our top 5 cryptocurrencies list. The idea behind yearn.finance is, users stake their funds in return of both yield and YFI coins.
>> Click here to buy YFI! <<
1. OMG Network OMG (+228%)
According to its website, the OMG network is a non-custodial, Layer-2 scaling solution for carrying value on Ethereum. It reduces the value of transactions among entities by using blockchain-based digital values. The OMG price has increased by almost 228% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list. The on-boarding of the largest and most liquid Stablecoin on its network could be one of the reasons for the price rise.
>> Click here to buy OMG! <<