The Bitcoin price has decreased by almost 14% in the last 7 days. While the Bitcoin price has dropped, some Altcoins performed well.
BTC/USD Weekly chart – TradingView
At the time of writing this, the Bitcoin price is sitting at $34663.26. Here are the top 5 performing cryptocurrencies of the week (week-25). Let’s take a look at it in more detail.
Bitcoin Price Analysis: What’s Going on With The BTC Price?
5. AAVE (+49.3%)
AAVE/USD Weekly chart – TradingView
Aave is a decentralized lending platform based on Ethereum. The project has seen a remarkable increase since the initiation of lending pools. Anyone can use Aave to lend out or borrow Ether and ERC-20 tokens. Aave is seen as an innovative project. In the last 7 days, the Aave price has increased by almost +49.3%, just enough for a spot on our top 5 cryptocurrencies list.
>> Click here to buy Aave! <<
4. Sushi (SUSHI) +49.8%
SUSHI/USD Weekly chart – TradingView
Sushi strives to improve the AMM market and also add extra components not earlier present on Uniswap, such as enhanced rewards for network members through its in-house token, SUSHI. Sushi was launched in September 2020 as a fork of Uniswap. In the last 7 days, the SUSHI price has increased by almost +49.8%, just enough for a spot on our top 5 cryptocurrencies list.
How to Buy Bitcoin With Euro?
3. Curve DAO Token (CRV) +67.7%
CRV/USD Weekly chart – TradingView
According to its website, Curve is a decentralized platform for stablecoins that utilizes an automated market maker (AMM) to maintain liquidity. In the last 7 days, the CRV price has increased by almost +67.7%, just enough for a spot on our top 5 cryptocurrencies list.
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2. Polkadot (+69.5%)
DOT/USD Weekly chart – TradingView
One of the main objectives of Polkadot is to work as a sort of decentralized capital for all types of blockchains. The blockchains should be smart to communicate with one another (Inter-blockchain communication/IBC). The focus is to develop the necessary technology that makes it easy to intertwine older Distributed Ledger Technologies (DLTs), current DLTs, and also future DLTs. This architecture should make scaling possible. In the last 7 days, the DOT price has increased by almost +69.5%, just enough for a spot on our top 5 cryptocurrencies list.
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1.Avalanche (AVAX) +76.4%
AVAX/USD Weekly chart – TradingView
The Avalanche (AVAX) token is the primary token of the Avalanche platform and is utilized to defend the network through staking. According to its website, Avalanche is an open-source platform for driving extremely decentralized applications. In the last 7 days, the AVAX price has increased by almost +69.5%, just enough for a spot on our top 5 cryptocurrencies list.
>> Click here to buy AVAX <<
The above are the top 5 performing cryptocurrencies. The other three major cryptocurrencies Ethereum, Litecoin, and Ripple also displayed good performance in the last few days.
ETH/USD weekly chart – TradingView
But in the last 7 days, the ETH price has decreased by almost -7.4%.
LTC/USD Weekly chart – TradingView
The Litecoin price has decreased by almost -22% while the Ripple price has decreased by almost -17.4%.
XRP/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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