The Bitcoin price has decreased by almost 14% in the last 7 days. While the Bitcoin price has dropped, some Altcoins performed well.
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.
5. AAVE (+49.3%)
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.
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4. Sushi (SUSHI) +49.8%
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.
3. Curve DAO Token (CRV) +67.7%
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%)
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.
1.Avalanche (AVAX) +76.4%
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.
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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.
But in the last 7 days, the ETH price has decreased by almost -7.4%.
The Litecoin price has decreased by almost -22% while the Ripple price has decreased by almost -17.4%.
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