The Bitcoin price is increasing like crazy. Many other cryptocurrencies are also performing exceptionally well. At the time of writing this, the Bitcoin price is sitting at 23585.54 and the BTC price has increased by almost 25% in the last 7 days.
In the last seven days, the market has demonstrated a great change. Some altcoins are displaying good progress. Here are the top 5 performing cryptocurrencies of the week (week-21). Let’s take a look at it in more detail.
5. Synthetix Network Token (SNX) +37.%
According to its website, Synthetix is a derivatives liquidity protocol on Ethereum. It allows the issuance and trading of synthetic assets. It traces the value of an external asset and it is an ERC20 token. In the last 7 days, the SNX price has increased by almost +37%, just enough for a spot on our top 5 cryptocurrencies list.
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4. Zilliqa (ZIL) +41%
Zilliqa is a blockchain project that wants to solve the scaling problem using sharding. The validation of the transactions is divided and the Node groups validate part of the blockchain, which increases transaction throughput. A successful advertising campaign on Twitter could be responsible for the strong performance of the project. In the last 7 days, the ZIL price has increased by almost +41%, just enough for a spot on our top 5 cryptocurrencies list.
3. Litecoin (LTC) +52.9%
Litecoin is one of the earliest altcoin brought to life in 2011 by Charlie Lee. It has little difference to Bitcoin but has proved itself with time as one of the top 10 cryptocurrencies by market capitalization. In the last 7 days, the LTC price has increased by almost +52.9%, just enough for a spot on our top 5 cryptocurrencies list.
2. Elrond (+53.6%)
Elrond was by far the best performing cryptocurrency and DeFi project in the first quarter of 2020. The coin was in our top 5 cryptocurrencies last week. This week too it is displaying good performance. In the last 7 days, the Elrond price has increased by almost +53.6%, just enough for a spot on our top 5 cryptocurrencies list.
1.SwissBorg (CHSB) +138.5%
According to its website, SwissBorg strives to decentralize capital management by making it community-centric. It has a global team of more than 75 people and carries two licenses to give Virtual Currency Exchange and Virtual Currency Wallets globally. In the last 7 days, the CHSB price has increased by almost +138.2%, just enough for a spot on our top 5 cryptocurrencies list.
The above are the top 5 performing cryptocurrencies. The other two major cryptocurrencies Ethereum and Ripple also displayed good performance.
In the last 7 days, the ETH price has increased by almost 14% and the XRP price increased by almost 13.5%.
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