The Bitcoin price tests again its resistance at the end of this week around $ 40,000. The question is, how did other altcoins perform? At the time of writing this, the Bitcoin price is sitting at $38,651. You can find a market overview here.
BTC/USD Weekly chart – TradingView
Here are the top 5 performing cryptocurrencies of the week (week-28). Let’s take a look at it in more detail.
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5. Terra (LUNA) +97%
LUNA/USD Weekly chart – TradingView
According to its website, Terra stablecoins give prompt reimbursements, cheap fees, and smooth and swift cross-border exchange. In the last 7 days, the LUNA price has increased by almost +97%, just enough for a spot on our top 5 cryptocurrencies list.
>> Click here to buy LUNA <<
4. PancakeSwap (CAKE) +105.2%
CAKE/BUSD Weekly chart – TradingView
According to its website, PancakeSwap is a decentralized market for swapping BEP20 tokens. This is executed on the Binance Smart Chain. PancakeSwap utilizes an automated market maker (AMM) design where users exchange against a liquidity pool. In the last 7 days, the CAKE price has increased by almost +105.2%, just enough for a spot on our top 5 cryptocurrencies list.
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3. Dogecoin (DOGE) +107.9%
DOGE/USD Weekly chart – TradingView
Dogecoin is one of the best-known cryptocurrencies on the market. Not because of its technical peculiarities but the project was launched as a parody cryptocurrency to counter the hype surrounding Bitcoin and various other new cryptocurrencies with something humorous. It is an open-source cryptocurrency that is utilized by internet users globally. The structure is based on Litecoin, indicating that all developments will also be made to Dogecoin. In the last 7 days, the DOGE price has increased by almost +107.9%, just enough for a spot on our top 5 cryptocurrencies list.
>> Click here to buy DOGE <<
2. 0x (ZRX) +111.5%
ZRX/USD Weekly chart – TradingView
0x is an open protocol that allows the peer-to-peer transfer of assets on the Ethereum blockchain. In the last 7 days, the 0x (ZRX) price has increased by almost 111.5%, just enough for a spot on our top 5 cryptocurrencies list. The exact reason for the price rise is still unknown.
>> Click here to buy ZRX <<
1. UMA (UMA) +159.6%
UMA/USD Weekly chart – TradingView
According to its website, UMA describes itself as a protocol for building synthetic assets and writes self-enforcing smart contracts with economic guarantees. It is created to strengthen the business innovations made possible by permissionless, public blockchains, like Ethereum. In the last 7 days, the UMA(UMA) price has increased by almost +159.6%, just enough for a spot on our top 5 cryptocurrencies list. The UMA’s liquidation opportunity program could be one of the reasons behind its price rise.
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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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