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.
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.
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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.
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.
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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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