It seems that the cryptocurrency market is trying to gain momentum. From the past seven days, the market has not demonstrated a great change. Still, some cryptocurrencies are exhibiting growth. Here are the top 5 performing cryptocurrencies of the week (week-10). Let’s take a look at it in more detail.
5. OMG Network (OMG) +18.2%
According to its website, the OMG network is a non-custodial, Layer-2 scaling solution for carrying value on Ethereum. It decreases the value of transactions among entities by using blockchain-based digital values. The OMG price has increased by almost +18.2% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list. The release of its business strategy could be one of the reasons for the price rise.
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4. Arweave (AR) +23.1%
According to its website, Arweave is a new kind of storage that supports data with sustainable and permanent benefits, enabling users and developers to save data permanently. The AR price has increased by almost +23.1% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list. The announcement of the Open Web, a six-week program offering an investment pool of $100,000 which will be granted to winning profit-sharing communities on the Arweave network could be one of the reasons behind its price rise.
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3. Ampleforth (AMPL) +24.4%
According to its website, Ampleforth describes itself as smart commodity money. It is chain-agnostic and the AMPL digital currency balances the daily supply based on market conditions. In the last 7 days, the Ampleforth (AMPL) price has increased by almost +24.4%, just enough for a spot on our top 5 cryptocurrencies list.
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2. Nest Protocol (NEST) +26.1%
The Nest Protocol (NEST)describes itself as a shared price oracle network that resolves the dilemma of price on-chain using a decentralized incentive system. In the last 7 days, the NEST price has increased by almost 26.1%, just enough for a spot on our top 5 cryptocurrencies list.
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1. Celsius Network (CEL) +41.7%
Celsius is a DeFi platform for decentralized lending on Ethereum. Users can both offer and take loans. In this, borrowers pay interest to lenders and provide security to cover the loan. The general DeFi hype is probably responsible for the good performance. There have also been several updates recently from Celsius such as a new website, a new logo, and a new comprehensive software update. In the last 7 days, the CEL price has increased by almost +41.7%, just enough for a spot on our top 5 cryptocurrencies list.
>> Click here to buy CEL! <<
