The year 2022 was one of the most damaging for cryptocurrencies. Cryptocurrency investors have seen substantial price declines from all-time tops. Even so, many altcoins are functioning well. This article will go over the top five cryptocurrencies that have accomplished well in the last seven days. Let’s go through it in more detail.
5. Top 5 Cryptocurrencies: The Graph (GRT) +8.96%
The Graph Network is turning 2 on December 17th! 🥳
Celebrate this exciting milestone by joining community events in 6 cities across the world: Amsterdam, Buenos Aires, Dubai, Lagos, San Francisco, & Singapore!
Check out the details & register for an event near you ⬇️ pic.twitter.com/w31JF3rqDP
— The Graph (@graphprotocol) November 23, 2022
The Graph is an indexing protocol that used lookup networks such as Ethereum and IPFS. Anyone can develop and publish open APIs, recognized as subgraphs, that end up making data readily available. The native token GRT price has increased by almost 8.96% in the last seven days, just enough for a spot on our top cryptocurrencies list.
4. Top 5 Cryptocurrencies: Synthetix (SNX) +10.29%
Come chat about all things SNX! https://t.co/MoZraZDBZF pic.twitter.com/8IU6Lv560U
— Synthetix ⚔️ (@synthetix_io) August 28, 2020
Synthetix was originally established as Havven, and it held an ICO in February 2018 for its ERC-20 token, HAV. The primary objective at the time was to establish a decentralized payment network that utilizes a dual token policy to distribute stablecoins (nUSD) funded by HAV as security. Moving forward, the team recognized that they can achieve a lot more than plainly developing a stablecoin. On November 30th, 2018, a substantial update or relaunching to Synthetix was declared, and HAV was transformed to SNX. In the last seven days, the SNX coin has increased by almost +10.29%, just enough for a spot on our top cryptocurrencies list.
3. Top 5 Cryptocurrencies: EOS (EOS) +12.01%
After over a year of dedicated work from the #ENF in growing awareness for $EOS, major industry players are taking notice 🔥
We are extremely excited to share that $USDT deposits/withdraws from #EOS Network are now available on @binance! 🤯
— EOS Network Foundation (@EOSnFoundation) December 7, 2022
EOS is a delegated Proof of Stake (dPoS) blockchain that made its debut in mid-2018. The program supports smart contracts and can actually control a significant number of transactions per second (TPS). This is achieved by having a restricted number of nodes (21), which can provide new blocks. EOS had the most comprehensive ICO to date, raising more than $4 billion. In the last seven days, the EOS price has increased by almost +12.01%, just enough for a spot on our top cryptocurrencies list.
2. Top 5 Cryptocurrencies: Stacks (STX) +15%
In case you’re wondering what $STX is all about 👇https://t.co/7PM6tMCY0H
— stacks.btc (@Stacks) April 19, 2022
Stacks is a network platform that allows the deployment of smart contracts and decentralized applications. It gets its power from Bitcoin because it depends heavily on it for security and implementation. To put it another way, the Bitcoin network helps as a security mechanism for smart contracts operating on the Stack Blockchain. This is facilitated by the platform’s Proof-of-Transfer method. In the last seven days, the STX price has increased by almost +15%, just enough for a spot on our top cryptocurrencies list.
1. Top 5 Cryptocurrencies: Axie Infinity (AXS) +21.20%
1/ We’re teaming up with our incredible axie creators to leek Season 2’s Card adjustments!
There will be dramatic changes to the cards in order to make your Origins experience more immerse!
All sessions will be streamed from https://t.co/oMn9EODLah.
Full stream schedule 👇 pic.twitter.com/AyXcGaiG1m
— Axie Infinity | #AxieOrigins (@AxieInfinity) December 7, 2022
Sky Mavis is the creator of Axie Infinity, a technology-focused gaming studio founded in early 2018. The entire Axie saga was inspired by video games like Pokemon and Tamagotchi. Axie Infinity is an NFT game in which players earn money by engaging in game-related activities such as breeding, racing, combat, and trading Axie animals. The goal of Axie Infinity was to provide a fun and educational way for the general public to learn about blockchain technology. Many of the programmers and team members met through the Cryptokitties website, which led to their collaboration on the Axie game and educating gamers about the wonders of blockchain technology. In the last seven days, the AXS price has increased by almost +15%, just enough for a spot on our top cryptocurrencies list.
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Source: https://cryptoticker.io/en/top-5-cryptocurrencies-week-49-2/