Top 5 Performing Cryptocurrencies of the Week -(Week 16)

The cryptocurrency market is displaying crazy behavior. The major cryptocurrencies like Bitcoin, Ethereum, and Ripple are displaying great performance but some of the altcoins are also on a drive. Here are the top 5 performing cryptocurrencies of the week (week-16). Let’s take a look at it in more detail.

5. Aave +54.1%

AAVE/USD Weekly Chart: Tradingview

Aave is a decentralized lending platform based on Ethereum. The project has seen phenomenal growth since the introduction of lending pools. Anyone can use Aave to lend out or borrow Ether and ERC-20 tokens. Aave is seen as an innovative project. In the last 7 days, the Aave price has increased by almost +54.1%, just enough for a spot on our top 5 cryptocurrencies list.

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4. Vitae +63.1%

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 +63.1%, just enough for a spot on our top 5 cryptocurrencies list.

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3. Uniswap +66.1%

UNI/USD Weekly Chart: Tradingview

Uniswap is a decentralized exchange (DEX) built on Ethereum smart contracts. The product is simple. It enables the exchange of ERC-20 coins against ETH or other ERC-20 coins while keeping full custody of the assets, i.e. custody of the assets is not given to a centralized third party. In the last 7 days, the UNI price has increased by almost +66.1%, just enough for a spot on our top 5 cryptocurrencies list.

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2. Thorchain (RUNE) +67.9%

RUNE/USD Weekly Chart: Tradingview

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 +67.9%, 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.

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1. Sushi (SUSHI) +93.2%

SUSHI/USD Weekly Chart: Tradingview

Sushi strives to change the AMM market and also add extra characteristics not earlier present on Uniswap, such as enhanced rewards for network members through its in-house token, SUSHI. Sushi was launched in September 2020 as a fork of Uniswap. In the last 7 days, the SUSHI price has increased by almost +93.1%, just enough for a spot on our top 5 cryptocurrencies list.

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