The cryptocurrency market is witnessing a roller-coaster ride. The major cryptocurrencies like Bitcoin, Ethereum, and Ripple are displaying great performance but some of the altcoins are also displaying crazy progress.
BTC/USD Weekly Chart: TradingView
At the time of writing this, the Bitcoin price is sitting at $18116.44. Here are the top 5 performing cryptocurrencies of the week (week-18). Let’s take a look at it in more detail.
5. Status (SNT) +36%
SNT/USD Weekly Chart: TradingView
According to its website, Status (SNT) is an open-source messaging platform. It is developed to communicate with applications that work on the Ethereum network. The Status Network token (SNT) is a utility token that supports a decentralized push notification market, governance of the Status client. In the last 7 days, the SNT price has increased by almost +36%, just enough for a spot on our top 5 cryptocurrencies list.
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4. Verge (XVG) +38.2%
XVG/USD Weekly Chart: TradingView
According to its website, Verge is a privacy-focused coin. It strives to provide an effective, decentralized payments network that develops upon the primary Bitcoin (BTC) blockchain. It adds new privacy features including combining the anonymity network Tor into its wallet, called vergePay, and giving the possibility of conducting transactions to stealth addresses. In the last 7 days, the XVG price has increased by almost +38.2%, just enough for a spot on our top 5 cryptocurrencies list.
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3. Nano (NANO) +41.4%
NANO/USD Weekly Chart: TradingView
Nano is a cryptocurrency that promotes feeless and prompt transactions. It utilizes a completely diverse data structure and consensus algorithm than Bitcoin. Whereas Bitcoin’s ledger is a unique, consecutive list of blocks comprising transactions (i.e. a blockchain), Nano utilizes what’s named a block-lattice data structure where each Nano address has its personal blockchain. In the last 7 days, the NANO price has increased by almost +41.4%, just enough for a spot on our top 5 cryptocurrencies list.
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2. Horizen (ZEN) +71.3%
ZEN/USD Weekly Chart: TradingView
According to its website, Horizen’s purpose is to enable people and bring the world together by developing a clear and comprehensive ecosystem where everyone is rewarded for their participation. In the last 7 days, the ZEN price has increased by almost +71.3%, just enough for a spot on our top 5 cryptocurrencies list. On December 2, 2020, Horizen blockchain will go through its first block reward halving. The block rewards will split in half from 12.5 ZEN per block to 6.25 ZEN per block. This could be one of the reasons behind its strong performance.
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1. Stellar (XLM) +79.1%
XLM/USD Weekly Chart: TradingView
Stellar is a blockchain that was originally inspired by Ripple, but later developed its own direction. Stellar supports smart contracts and is used by some companies to launch their Security Token Offerings (STO). In the last 7 days, the XLM price has increased by almost +79.1%, just enough for a spot on our top 5 cryptocurrencies list.
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