The cryptocurrency market is moving promisingly. The major cryptocurrencies like Bitcoin, Ethereum, and Ripple are performing well but the altcoins are also showing great improvement. Here are the top 5 performing cryptocurrencies of the week (week-14). Let’s take a look at it in more detail.
5. Ocean Protocol (OCEAN) +6.3%
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 +6.3% in the last seven days, just enough for a spot in our top 5 cryptocurrencies list.
4. Kusama (+12.9%)
Kusama is a network based on the Polkadot software. Kusama has witnessed strong gains over the past few weeks. In the last 7 days, the Kusama price has increased by almost +12.9%, just enough for a spot on our top 5 cryptocurrencies list. The reason behind its good performance is probably due to the hype about Polkadot.
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3. NEXO (NEXO) +15.6%
According to its website, NEXO (NEXO) is a pliant token that is supported by the underlying assets of Nexo’s loan portfolio. It gives consistent passive income to token holders in the form of 30% of the company’s profits. In the last 7 days, the NEXO price has increased by almost +15.6%, just enough for a spot on our top 5 cryptocurrencies list.
2. Filecoin (FIL) +20.3%
Filecoin is a decentralized system that intends to “store humanity’s most important information.” The project inflated $205 million in ICO in 2017. Filecoin was established by Juan Benet, who also designed the Interplanetary File System. In the last 7 days, the FIL price has increased by almost +20.3%, just enough for a spot on our top 5 cryptocurrencies list.
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1. Vitae (VITAE) +43.2%
Vitae Token is a PivX fork. It uses a chain of Masternodes/ Supernodes for decentralized governance and enhanced transaction secrecy. It aims to increase global expansion. According to its website, Vitae is not just a token. Its purpose is to give prosperity through POS (Proof Of Stake), Master Node, Super Node, and a Social Rewards Website. In the last 7 days, the VITAE price has increased by almost +43.2%, just enough for a spot on our top 5 cryptocurrencies list.
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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.
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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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