Top 5 Performing Cryptocurrencies of the Week -(Week 24)

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.

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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.

> Click here to buy LRC <<

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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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Which Cryptocurrency Will Replace Bitcoin?

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%.