The cryptocurrency market is showing some strong improvement. One of the reasons could be the PayPal announcement. The market is moving now and it seems that almost all the altcoins are improving. Some cryptocurrencies are exhibiting growth. Here are the top 5 performing cryptocurrencies of the week (week-13). Let’s take a look at it in more detail.
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5. Chainlink (LINK) +20.3%
LINK/USD Weekly Chart: Tradingview
According to its website, the Chainlink network gives secure tamper-proof facts and results for complicated smart contracts on any blockchain. The LINK price has increased by almost +20.3% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list. The announcement of launching Chainlink VRF on the Ethereum mainnet could be one of the reasons behind the price rise.
4. Litecoin (LTC) +24.5%
LTC/USD Weekly Chart: Tradingview
Litecoin is one of the most initial altcoins brought to life in 2011 by Charlie Lee. It has little differences from Bitcoin but has placed itself with time as one of the top 10 cryptocurrencies by market capitalization. LTC price has increased by almost +24.5% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list. The PayPal announcement could be one of the reasons behind the price rise.
3. Quant (QNT) +35.7%
QNT/USD Weekly Chart: Tradingview
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 +35.7%, 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 constant increase in the price.
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2. Ocean Protocol (OCEAN) +37.2%
OCEAN/USD Weekly Chart: Tradingview
Ocean Protocol is an ecosystem for distributing data and services. It gives a tokenized assistance cover that presents data, storage, measure, and algorithms. There is staking on services to indicate position, reliability, and ward against Sybil Attacks. The Ocean has gained almost +37.2% in the last seven days, just enough for a spot in our top 5 cryptocurrencies list.
1. Reserve Rights Token (RSR) +53.1%
RSR/USD Weekly Chart: Tradingview
The Reserve Protocol describes itself as it can be executed on top of any smart contract platform. Initially, they are developing on the Ethereum Network but eventually, they expect two-way links to allow whole interoperability of the Reserve token over all major smart contract platforms. The RSR price has increased by almost +53.1% in the last seven days, just enough for a spot on our top 5 cryptocurrencies list. The announcement of working to bring the RSR token to additional crypto exchanges could be one of the reasons behind the price rise.
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