It seems that the cryptocurrency market is slowly trying to gain momentum. Almost all cryptocurrencies are displaying a slight growth.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-11). Let’s take a look at it in more detail.
5. Monero XMR (+18.1%)
Monero is a privacy coin. According to its website, Monero is fast, private, and secure and users can spend securely, understanding that others cannot view their balances or follow their activity. The XMR price has increased by almost +18.1% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list.
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4. Thorchain (RUNE) +18.5%
According to its website, THORChain promotes cross-chain liquidity pools with no pegged or wrapped tokens. In the last 7 days, the RUNE price has increased by almost +18.5%, just enough for a spot on our top 5 cryptocurrencies list. The announcement of an experimental uniswap-like interface that interacts directly with THORChain could be one of the reasons behind the price rise. The RUNE is displaying growth from the past few weeks.
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3. Quant (QNT) +18.7%
Quant is a project that concentrates on interblockchain communication. Blockchains can exchange messages in a decentralized manner via the developed infrastructure. In the last 7 days, the QNT price has increased by almost +18.7%, just enough for a spot on our top 5 cryptocurrencies list. The announcement of a collaboration with Amazon and Oracle could be responsible for the consistent increase in the price.
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2. Arweave (AR) +21.1%
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 +21.1% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list. The AR was in the top 5 cryptocurrencies list last week too. 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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1. REN +33.5%
According to its website, Ren (REN) is an open protocol developed to implement interoperability and liquidity between various blockchain platforms. The REN token works as a link for those operating nodes that control RenVM, identified as Darknodes. The REN price has increased by almost +33.5% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list. REN is now available on Coinbase and this could be one of the reasons behind its price rise.
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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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