The cryptocurrency market decline appears like it’s striving to drop further. Prices of most tokens reached their support. This post is all about the top 5 cryptocurrencies of the week. At the time of writing this, the BTC price is sitting at $19,978.49.The Bitcoin price has decreased by almost -5.5% in the last seven days. Let’s take a look at it in more detail.
5. Top 5 Cryptocurrencies: Cosmos (ATOM) +7.5%
Cosmos is a blockchain with a priority on inter-blockchain connection. Cosmos is an ecosystem of blockchains that can scale and interoperate with each other. Blockchain has been called the internet of Blockchains because it helps a layout that permits Blockchain to flourish in uniform. Cosmos SDK is an open-source framework for designing multi-asset public Proof-of-Stake (PoS) blockchains. In other words, COSMOS is a decentralized network of autonomous parallel Blockchain backed by Byzantine Fault Tolerance (BFT) consensus. In the last 7 days, the ATOM price has grown by almost +7.5%, just enough for a spot on our top cryptocurrencies list.
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4.Top 5 Cryptocurrencies: EOS (EOS) +8.3%
Every quarter the #ENF provides the $EOS community with an overview of its activities, grants, and financial expenditures in a detailed report.
⬇️ Read the Q2 2022 Report ⬇️https://t.co/KpgofAqDM9 pic.twitter.com/EnRc2LqoB5
EOS is a delegated Proof of Stake blockchain (dPoS) that started in mid-2018. The project supports smart contracts and can handle a high amount of transactions per second (TPS). This is achieved by having a limited amount of nodes (21), that deliver the new blocks. EOS has had the most comprehensive ICO to date, getting in over $4 Billion. EOSIO is a protocol founded on the delegated Proof of Stake consensus mechanism that supports smart contracts. The number of block producers is settled at 21. There are different networks built on top of the EOSIO protocol. In the last 7 days, the EOS price has grown by almost +8.3%, just enough for a spot on our top cryptocurrencies list.
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3.Top 5 Cryptocurrencies: Theta Fuel (TFUEL) +8.52%
Introducing the next evolution of Theta blockchain – Theta Metachain goes live in Q4 2022. Learn how Theta Metachain is designed to scale to the needs of Web3 businesses in the new whitepaper: https://t.co/5FnRkKgvIp pic.twitter.com/k8L8vpheXX
According to its website, there are two native tokens TFUEL and Theta Token (THETA). Theta Fuel (TFUEL) is one of the native tokens that operates on the Theta blockchain. The other token is Theta Token (THETA). TFUEL is the governance token supported by multiple Guardian nodes. It is also supported by guardian nodes’ Business validators such as Google, Binance, and Samsung. The Theta Network uses the Proof-of-Stake blockchain to complete the transaction throughput, repository service, and fast consensus requirements of a video streaming platform. In the last 7 days, the TFUEL price has grown by almost +8.52%, just enough for a spot on our top cryptocurrencies list.
2.Top 5 Cryptocurrencies: Huobi (HT) +13%
The Huobi Token is also an exchange token. As the name implies, it belongs to the Singapore-based Huobi exchange. The token was launched in 2018. It offers advantages to its holders when employing the exchange. In the last 7 days, the HT price has grown by almost +13%, just enough for a spot on our top cryptocurrencies list.
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1.Top 5 Cryptocurrencies: Chiliz (CHZ) +16.6%
Chiliz (CHZ) is a cryptocurrency developed solely for sports and entertainment enthusiasts. Chiliz is a project of Mediarex Group, a multinational sports, and entertainment establishment based in Malta. Football teams Juventus, Paris Saint-Germain, Atlético de Madrid, Galatasaray, A.S. Roma, West Ham, Independiente, and Dota 2 E-sports champions OG are among Chiliz’s important customers. Binance, OK Blockchain Capital, and Ceyuan Ventures jointly contributed over $60 million to the business. In the last 7 days, the CHZ price has grown by almost +16.6%, just enough for a spot on our top cryptocurrencies list.
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