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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