The cryptocurrency market is hopping. The major cryptocurrencies like Bitcoin, Ethereum, and Ripple are displaying great performance but some of the altcoins are also displaying crazy progress. At the time of writing this, the Bitcoin price is sitting at $18132.79. Here are the top 5 performing cryptocurrencies of the week (week-17). Let’s take a look at it in more detail.
5. yearn.finance (YFI) +35.2%
yearn.finance is the ultimate DeFi superstar. Since it was released in mid-July of this year, the token has gained over 1,000% in value. yearn.finance offers several solutions to make it easier for the investor to invest in the DeFi area. It includes interest rate optimization, insurance, and much more. Andre Cronje, the developer of the project, is extremely active and works out one draft after the next. In the last 7 days, the YFI price has increased by almost +35.2%, just enough for a spot on our top 5 cryptocurrencies list.
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4. Sushi (SUSHI) +40.1%
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. It is performing consistently well. Sushi was launched in September 2020 as a fork of Uniswap. In the last 7 days, the SUSHI price has increased by almost +40.1%, just enough for a spot on our top 5 cryptocurrencies list.
3. Waves (+47.1%)
The waves describes itself as an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions. The coin is consistently displaying a good performance from the past few days. The waves price has increased by almost 47.1% in the last seven days, just enough for a spot on our top 5 cryptocurrencies list.
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2. Huobi BTC (HBTC) +59.1%
Launched by Huobi Blockchain Team, HBTC is defined to be a standard ERC20 token supported by 100% BTC. While supporting a similar value as Bitcoin, it also has the adaptability of Ethereum. As a connection between the centralized exchange and the DeFi market, HBTC professes to empower users to engage in DeFi market, giving high-quality assets to the DeFi market. In the last 7 days, the HBTC price has increased by almost +59.1%, just enough for a spot on our top 5 cryptocurrencies list.
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1. Ripple (XRP) +63.5%
Ripple (XRP) has displayed tremendous development. The third-largest coin by market cap has increased by almost 45% and its trading volume also increased almost by 100% in the last two days. The exact reason for this price rise is still unknown but it could be that one of the largest banks in the world, Santander, processed € 450 million in transactions with the One Pay FX system powered by Ripple.
>> Click here to buy XRP! <<