The first week of 2021 was very successful for cryptocurrencies. While the Bitcoin price increased by more than 28%, some altcoins displayed excellent performance.
BTC/USD Weekly chart – TradingView
At the time of writing this, the Bitcoin price is sitting at USD 41167.27 and the BTC price has increased by almost 28% in the last 7 days. Here are the top 5 performing cryptocurrencies of the week (week-24). Let’s take a look at it in more detail.
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5. IOST (+113.6%)
IOST/USD Weekly chart – TradingView
The IOST price is among the top 5 but seems bearish compared to the other coins. The IOST price was able to rise steadily with minor corrections. According to its website, IOST is a decentralized blockchain network based on the next-generation consensus algorithm called “Proof of Believability”. In the last 7 days, the IOST price has increased by almost +113.6%, just enough for a spot on our top 5 cryptocurrencies list.
>> Click here to buy IOST <<
4. Loopring (LRC) +127.5%
LRC/USD Weekly chart – TradingView
According to its website, LRC is the Ethereum-based token of Loopring, Loopring is an open protocol created for the building of decentralized crypto exchanges. In the last 7 days, the LRC price has increased by almost +127.5%, just enough for a spot on our top 5 cryptocurrencies list.
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3. Stellar (XLM) +150.5%
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 +150.5%, just enough for a spot on our top 5 cryptocurrencies list.
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2. Maker (MKR) +205.4%
MKR/USD Weekly chart – TradingView
Maker is a smart contract platform on Ethereum that supports and preserves the utility of Dai through a progressive method of Collateralized Debt Positions (CDPs), independent feedback mechanisms. In the last 7 days, the MKR price has increased by almost +205.4%, just enough for a spot on our top 5 cryptocurrencies list.
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1. NANO +239.1%
NANO/USD Weekly chart – TradingView
Nano is a cryptocurrency that supports feeless and timely transactions. It employs a totally distinct data structure and consensus algorithm than Bitcoin. Whereas Bitcoin’s ledger is a different, consecutive list of blocks comprising transactions (i.e. a blockchain), Nano uses what’s called a block-lattice data structure where each Nano address has its individual blockchain. In the last 7 days, the NANO price has increased by almost +239.1%, just enough for a spot on our top 5 cryptocurrencies list.
>> Click here to buy NANO <<
The above are the top 5 performing cryptocurrencies. The other two major cryptocurrencies Ethereum and Litecoin also displayed good performance in the last few days. But in the last 7 days, the ETH price has increased by almost 72.4%.
ETH/USD weekly chart – TradingView
while the Litecoin price has increased by 33.5%.
LTC/USD Weekly chart – TradingView
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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
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