There is currently an altcoin season in the crypto market. As a result, some Altcoins were able to outperform the Bitcoin price again and often get more than 100% price gains.
At the time of writing this, the Bitcoin price is sitting at $49,122. You can find a market overview here. Here are the top 5 performing cryptocurrencies of the week (week-29). Let’s take a look at it in more detail.
5. DASH (+103.7%)
The Dash (DASH) cryptocurrency is a highly developed and widely adopted crypto-asset. Its notable features are instantly settled transactions, near-zero fees, secure processing, and a focus on privacy. Dash defined objective is to become the digital cash, for which reason, it has a plethora of wallets available across all platforms. In the last 7 days, the DASH price has increased by almost +103.7%, just enough for a spot on our top 5 cryptocurrencies list.
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4. IOTA (+117.4%)
IOTA isn’t a blockchain in the proper sense. Instead, IOTA is a so-called DAG, or rather it is trying to become one. A DAG (Directed Acyclic Graph) is a data bank structure made up of chained transactions instead of chained blocks. This is meant to solve some of the shortcomings of blockchains, at least theoretically. IOTA has already promised a lot but has always thrown away concepts in favor of new ones. In the last 7 days, the DASH price has increased by almost +117.4%, just enough for a spot on our top 5 cryptocurrencies list.
3. Avalanche (AVAX) +125.3%
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 +125.3%, just enough for a spot on our top 5 cryptocurrencies list.
2. Bit Torrent (BTT) +152%
BitTorrent is a peer-to-peer (P2P) file sharing and torrent platform. According to its website, BTT is a TRC-10 utility token based on the blockchain that supports characteristics of the most common decentralized protocols and applications. In the last 7 days, the BTT price has increased by almost +152%, just enough for a spot on our top 5 cryptocurrencies list.
1. The Graph (GRT) +156%
According to its website, The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS. Users can develop and publish open APIs, named subgraphs, that applications can query utilizing GraphQL to obtain blockchain data. In the last 7 days, the GRT price has increased by almost +156%, just enough for a spot on our top 5 cryptocurrencies list.
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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.