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.
5. Chainlink (LINK) +20.3%
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%
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%
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.
2. Ocean Protocol (OCEAN) +37.2%
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%
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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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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