Top 5 Cryptocurrencies of the Week -Week 35

The cryptocurrency market is going through a tough period. After enormous losses in the first half of 2022, cryptocurrency prices have stabilized narrowly since June. Some altcoins are displaying good performance. This post is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let’s take a look at it in more detail.

5) Top 5 Cryptocurrencies: Cosmos (ATOM) +19.2%

Top 5 Cryptocurrencies

ATOM/USD Weekly chart – GoCharting

Cosmos is a blockchain with stress on an inter-blockchain tie. Cosmos is an ecosystem of blockchains that can scale and interoperate with each other. Blockchain has been called the internet of Blockchains because it enables a configuration that allows Blockchain to thrive in uniform. Cosmos SDK is an open-source framework for developing multi-asset public Proof-of-Stake (PoS) blockchains. In other words, COSMOS is a decentralized network of autonomous parallel Blockchain supported by Byzantine Fault Tolerance (BFT) consensus. In the last 7 days, the ATOM price has increased by almost +19.2%, just enough for a spot on our top cryptocurrencies list.

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4) Top 5 Cryptocurrencies: Lido DAO (LDO) +22.8%

Top 5 Cryptocurrencies

LDO/USD Weekly chart – GoCharting

Lido is a protocol that aims to furnish users with options to stake across various blockchains. Staking is still a new concept in the digital asset world, with many people unaware of the advantages of staking their assets. The blockchain space permits investors to make money in distinct ways, and one of these includes staking the asset over some time. According to the protocol’s official website, Lido expects to create a staking economy. In the last 7 days, the LDO price has grown by almost +22.8%, just enough for a spot on our top cryptocurrencies list.

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3) Top 5 Cryptocurrencies: Celsius Network (CEL) +25%

Top 5 Cryptocurrencies

CEL/USD Weekly chart – GoCharting

Celsius is a DeFi platform for decentralized lending on Ethereum. Users can both propose and take loans. In this, borrowers pay interest to lenders and deliver security to protect the loan. The all-around DeFi hype is likely answerable for the good performance. There have also been several updates newly from Celsius. In the last 7 days, the CEL price has increased by almost +25%, just enough for a spot on our top 5 cryptocurrencies list.

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2) Top 5 Cryptocurrencies: DeFiChain (DFI) +34.7%