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/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 +6.3% in the last seven days, just enough for a spot in our top 5 cryptocurrencies list.
4. Kusama (+12.9%)
KSM/USD Weekly Chart: Tradingview
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%
NEXO/USD Weekly Chart: Tradingview
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%
FIL/USD Weekly Chart: Tradingview
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/USD Weekly Chart: Tradingview
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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