Top 5 Performing Cryptocurrencies of the Week -(Week 9)

It seems that the cryptocurrency market has stopped moving forward. From the past seven days, the market has not displayed a great improvement. Still, some cryptocurrencies are showing growth. Here are the top 5 performing cryptocurrencies of the week (week-9). Let’s take a look at it in more detail.

Ripple Price Analysis: XRP Price Showing No Improvements

5. Thorchain (RUNE) +4.6%

Top 5 Cryptocurrencies — RUNE/USD Weekly Chart: Tradingview

According to its website, THORChain promotes cross-chain liquidity pools with no pegged or wrapped tokens. In the last 7 days, the RUNE price has increased by almost +4.6%, just enough for a spot on our top 5 cryptocurrencies list. The announcement of an experimental uniswap-like interface that interacts directly with THORChain could be one of the reasons behind the price rise.

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4. Numeraire (NMR) +6.1%

Numeraire (NMR) is a cryptocurrency token and runs on the Ethereum platform. The cryptocurrency has performed exceptionally well in the past few days. The NMR price has increased by almost +6.1% in the last seven days, just enough for a top spot on our top 5 cryptocurrencies list. The Coinlist has just listed NMR token could be one of the reasons for its price rise.

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3. Synthetix Network Token (SNX) +15.3%

According to its website, Synthetix is a derivatives liquidity protocol on Ethereum. It allows the issuance and trading of synthetic assets. It traces the value of an external asset and it is an ERC20 token. In the last 7 days, the SNX price has increased by almost +15.3%, just enough for a spot on our top 5 cryptocurrencies list. The announcement of Bitfinex listing Synthetix Network Token may be one of the reasons behind its price rise.

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2. Theta Network (THETA) +20.4%

According to its website, Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. In the last 7 days, the THETA price has increased by almost +20.4%, just enough for a spot on our top 5 cryptocurrencies list. The collaboration with Chainlink to solve click fraud w/ universally connected smart contracts could be one of the reasons behind the price rise.

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1. Celsius Network (CEL) +24.3%

Celsius is a DeFi platform for decentralized lending on Ethereum. Users can both offer and take loans. In this, borrowers pay interest to lenders and provide security to cover the loan. The general DeFi hype is probably responsible for the good performance. There have also been several updates recently from Celsius such as a new website, a new logo, and a new comprehensive software update. In the last 7 days, the CEL price has increased by almost +24.3%, just enough for a spot on our top 5 cryptocurrencies list.

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