Most of the crypto market, including Bitcoin, displayed a bearish performance in the last seven days. However, some cryptocurrencies displayed a promising performance.
At the time of writing this, the Bitcoin price is sitting at $45,512. Here are the top 5 performing cryptocurrencies of the week (week-31). Let’s take a look at it in more detail.
5. Cardano (ADA) +16%
Cardano uses delegated Proof of Stake blockchain (dPoS). This project supports smart contracts similar to Ethereum. This consensus mechanism is profoundly based on PoS. The leading unusualness is that it is not a reliant network node structure, but a hybrid. In the last 7 days, the ADA price has increased by almost +16%, just enough for a spot on our top 5 cryptocurrencies list.
4. Solana (SOL)
It seems that the dPOS based projects are on fire. According to its website, Solana is a single-chain, delegated-Proof-of-Stake contract. Its purpose is on scalability without dissipating decentralization. In the last 7 days, the SOL price has increased by almost +24.1%, just enough for a spot on our top 5 cryptocurrencies list.
3. Stacks (STX) +30.3%
According to its website, Stacks allow the programming of decentralized apps and smart contracts that derive all of Bitcoin’s capabilities. Users can lock their STX momentarily to help the network’s security and consensus. In the last 7 days, the STX price has increased by almost +30.3%, just enough for a spot on our top 5 cryptocurrencies list.
2. Polygon (MATIC) +41.5%
The MATC is a native token of the polygon. According to its website, it can bring a huge scale to Ethereum by applying a modified version of Plasma with PoS based side chains. In the last 7 days, the MATIC price has increased by almost +41.5%, just enough for a spot on our top 5 cryptocurrencies list.
1. Fantom (FTM) +87%
According to its website, Fantom is a fast, high-throughput smart contract platform for digital assets and dApps. It is a directed acyclic graph (DAG) smart contract platform implementing decentralized finance services to programmers utilizing its own consensus algorithm. In the last 7 days, the Fantom price has increased by almost +87%, just enough for a spot on our top 5 cryptocurrencies list.
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