Most cryptocurrencies are starting the year 2023 on a high note. Bitcoin, in particular, has risen from a low of around $16,000 to its current price of $23,100.We can expect cryptos to reach their previous all-time high prices from previous years. This article is all about the top 5 cryptocurrencies that performed well in the last seven days. Let’s take a look at it in more detail.
Top 5 Cryptocurrencies: Convex Finance (CVX) +28.52
Convex Finance (CVX) is a capable DeFi that was established on the Curve Finance exchange. The Convex incentives CRV investors with increased DeFi yields. The CVX price has risen by nearly +28.52% in the last 7 days, winning it a spot on our list of the top cryptocurrencies.
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Top 5 Cryptocurrencies: Hedera (HBAR) +35.55%
The HBAR token is the Hedera Consensus native token. It primarily serves two purposes in the Protocol: finance and operation. The HBAR, like all governance tokens, is used to pay transaction fees and for compensation within the network. The token is also used within the consensus for operational purposes such as data logging and managing fungible and non-fungible tokens. Another significant aspect of HBAR is that it is used for staking to secure the Proof-of-Stake. HBAR transactions are quick and finalized on a ledger in less than three seconds. Because of the Hashgrapgh Consensus’ light nature, transaction fees are very low and sometimes require no fees at all. The HBAR price has risen by nearly +35.55% in the last 7 days, winning it a spot on our list of the top cryptocurrencies.
Top 5 Cryptocurrencies: Optimism (OP) +36.81%
Optimism is a layer 2 scaling solution for Ethereum. The major characteristic of Optimism is that it makes Ethereum application transactions extremely cheap. Optimism causes transactions to progress from one blockchain to another. Gas fees are radically decreased as a result, and throughput enhances. Optimism enables Ethereum developers to utilize all available tools on Ethereum without making any modifications. Traders will pay a 10x lower gas fee, according to the Optimism development team. Optimism utilizes Optimistic rollups to combat fraud and invalid state transition. The OP price has risen by nearly +36.81% in the last 7 days, winning it a spot on our list of the top cryptocurrencies.
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Top 5 Cryptocurrencies: Frax Share (FXS) +53%
Frax, according to its website, is a permissionless and open-source fractional-algorithmic stablecoin protocol. It is also an Ethereum-based platform to transform and improve the industry. This system’s initial goal is to provide decentralization, scalability, and quick transaction payment. To understand why the FXS price is rising, it is necessary to first understand what 4pool is. The FXS price has risen by nearly +53% in the last 7 days, winning it a spot on our list of the top cryptocurrencies.
Top 5 Cryptocurrencies: Aptos (APT) +88.12%
1/ Welcome to @AptosLabs — we’re excited to re-introduce ourselves!— Aptos Labs (@AptosLabs) October 18, 2022
While @AptosFoundation will support and develop the Aptos network and ecosystem, Labs will develop tooling and products on the Aptos blockchain that redefine the web3 user experience ⬇️https://t.co/ENHW5b5xUD
Aptos is a smart contract platform widely regarded as the technological heir to Meta’s failed stablecoin network, Diem. It’s a Layer 1 blockchain that makes use of Move, a new smart contract programming language. The project is being named by Aptos Labs, a blockchain firm founded by two former Meta employees. Proof-of-stake is the consensus mechanism used by Layer 1 blockchains. Move claims to support transaction parallel processing, which could result in transaction speeds of up to 100,000 transactions per second. The APT price has risen by nearly +88.12% in the last 7 days, winning it a spot on our list of the top cryptocurrencies.
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