The crypto market is displaying a crazy drive at the moment. This post is all about top 5 cryptocurrencies that displayed good performance. At the time of writing this, the Bitcoin price is sitting at $ 57, 300. Due to the strong Bitcoin Pump, some Altcoins were able to follow the development. Here are the top 5 performing cryptocurrencies of the week (week-30). Let’s take a look at it in more detail.
5. Huobi Token (HT) +90.3%
The Huobi Token is also an exchange token. As the name implies, it relates to the Singapore-based Huobi exchange. The token was launched in 2018. Exchange tokens are usually more stable than the rest of the cryptocurrencies. In the last 7 days, the HT price has increased by almost +90.3%, just enough for a spot on our top 5 cryptocurrencies list.
4. Binance Coin (BNB) +112.4%
Binance Coin is the native coin of the world’s leading cryptocurrency exchange Binance. The coin is native on the Binance Chain, a centralized blockchain. The coin is also supported on the Binance Smart Chain, a new blockchain by Binance that enables smart contracts. In the last 7 days, the BNB price has increased by almost +112.4%, just enough for a spot on our top 5 cryptocurrencies list.
3. PancakeSwap (CAKE) +137.5%
According to its website, PancakeSwap is a decentralized market for swapping BEP20 tokens. This is executed on the Binance Smart Chain. PancakeSwap utilizes an automated market maker (AMM) design where users exchange against a liquidity pool. In the last 7 days, the CAKE price has increased by almost +137.5%, just enough for a spot on our top 5 cryptocurrencies list.
2. DODO (+175.2%)
According to its website, DODO is an on-chain liquidity provider. It is a (DeFi) protocol having a proactive market maker (PMM) algorithm that strives to offer greater liquidity and price resistance than automated market makers (AMM). In the last 7 days, the CAKE price has increased by almost +175.2%, just enough for a spot on our top 5 cryptocurrencies list.
1. Ravencoin (RVN)
According to its website, Ravencoin is a peer-to-peer blockchain, managing the effective production and transfer of assets from one party to another. In the last 7 days, the RVN price has increased by almost +267%, just enough for a spot on our top 5 cryptocurrencies list.
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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
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