The bear market has shaken many investors. A huge price decline was to be anticipated in 2022. But the premature price decline in November and the fairly low Bitcoin all-time high of $68,000 stunned many investors. Yet, Some altcoins displayed a good performance. This post is all about the top 5 cryptocurrencies that performed well in the last seven days. At the time of writing this, the BTC price is sitting at $21,281.50.
Top 5 Cryptocurrencies: Ethereum Classic (ETC) +13.4%
ETC/USD Weekly chart – GoCharting
Ethereum Classic is a decentralized network that employs smart contracts to execute decentralized applications. The network began to work in 2016 due to a hack of The DAO. DAO is a smart contract driving on the Ethereum network. Like Ethereum, it is an open-source and blockchain-based circulated cryptocurrency that runs on smart contracts. It is similar to Ethereum because they share the exact source and common origin. In the last 7 days, the native token ETC price has increased by almost +13.4%, just enough for a spot on our top cryptocurrencies list.
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Top 5 Cryptocurrencies: Quant (QNT) +21%
QNT/USD Weekly chart – GoCharting
According to its website, QNT is a token that is employed to back Quant Network’s Overledger. It aims to enter public blockchains and private systems. Quant Network authorizes the configuration of mDapps that allow decentralized applications to operate on considerable blockchains at once. In the last 7 days, the QNT price has increased by almost +21%, just enough for a spot on our top cryptocurrencies list.
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Top 5 Cryptocurrencies: Polygon (MATIC) +25%
MATIC/USD Weekly chart – GoCharting
Polygon is an Ethereum network scalability solution. The Ethereum blockchain was the first to implement smart contracts, pushing Ethereum the unanimous leader in decentralized applications. Yet, as the number of smart contracts has grown, Ethereum has struggled to make transactions speedy and efficient. The Polygon network was born out of this. Polygon is a layer 2 solution that offloads the Ethereum blockchain employing a second level and multiple sidechains. In the last 7 days, the MATIC price has increased by almost +25%, just enough for a spot on our top cryptocurrencies list.
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Top 5 Cryptocurrencies: Arweave (AR) +33.2%
AR/USDT Weekly chart – GoCharting
According to its website, Arweave is a new kind of warehouse that holds data with tolerable and long-lasting advantages, letting users and developers save data permanently. In the last 7 days, the AR price has increased by almost +33.2%, just enough for a spot on our top cryptocurrencies list.
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Top 5 Cryptocurrencies: Lido DAO (LDO) +129%
LDO/USDT Weekly chart – GoCharting
Lido is a protocol that aims to give users options to stake across various blockchains. Staking is still a new idea in the digital asset world, with many people ignorant of the advantages of staking their assets. The blockchain space permits investors to make money in various manners, and one of these contains staking the asset over some time. According to the protocol’s official website, Lido wishes to create a staking economy. In the last 7 days, the LDO price has increased by almost +129%, just enough for a spot on our top cryptocurrencies list.
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Source: https://cryptoticker.io/en/top-5-cryptocurrencies-week-28/