As expected, cryptocurrency prices hit another support level. In a previous article, we predicted that Bitcoin would fall as part of a natural correction. However, this article is all about the top 5 cryptocurrencies that performed well in the last seven days. Let’s take a look at it in more detail.
5. Top 5 Cryptocurrencies of the week: Neo (NEO) +22.35%
The NEO blockchain platform employs a proof-of-stake consensus algorithm, which is intended to be more energy-efficient and scalable than Bitcoin’s proof-of-work consensus algorithm. The platform also supports a variety of programming languages, such as C#, Java, and Python, making it more accessible to a broader range of developers.
NEO has its own cryptocurrency, NEO, in addition to providing a smart contract infrastructure and development platform. NEO is used to pay transaction fees as well as to stake tokens in the platform’s consensus mechanism. NEO tokens also grant holders voting rights, allowing them to participate in key platform governance and development decisions. The NEO token has recently seen significant growth, with a price increase of +22.35% in the last 7 days, putting it among the top-performing cryptocurrencies.
4. Top 5 Cryptocurrencies of the week: ssv.network (SSV) +22.44%
SSV.network is a decentralized oracle network designed to provide reliable and secure off-chain data to blockchain ecosystem on-chain applications. SSV (Secure Secret Voting) is a protocol that allows blockchain-based applications to securely access and use data from external sources, such as price feeds or other real-world data, in an untrustworthy and decentralized manner.
The SSV network is intended to provide high-quality data to blockchain smart contracts, allowing developers to create more complex and sophisticated decentralized applications. The SSV token has recently seen significant growth, with a price increase of +22.44% in the last 7 days, putting it among the top-performing cryptocurrencies.
3. Top 5 Cryptocurrencies of the week: Ankr (ANKR) +28.73%
Ankr (ANKR) is a blockchain-based platform that aims to make the deployment and management of decentralized applications (dApps) and blockchain nodes easier and more cost-effective for developers. Ankr works with a variety of blockchain networks, including Ethereum, Bitcoin, Binance Smart Chain, and Polkadot. The platforms offer a user-friendly dashboard, automatic scaling, and monitoring tools, as well as a package of tools and services that make it easier for developers to deploy and manage nodes.
The ANKR token is the Ankr platform’s native cryptocurrency, and it is used for a variety of purposes, including paying for infrastructure services, staking to participate in the platform’s consensus mechanism, and voting on governance decisions regarding the platform’s development and management. The NEO token has recently seen significant growth, with a price increase of +28.73% in the last 7 days, putting it among the top-performing cryptocurrencies.
2. Top 5 Cryptocurrencies of the week: Conflux (CFX) +44.07%
Conflux (CFX) is a permissionless blockchain network that was created to provide a fast and secure platform for the development of decentralized applications (dApps). Conflux was founded in 2018 by a team of University of Toronto researchers and is based on a novel consensus mechanism known as “Tree-Graph.”
Conflux has its own cryptocurrency, CFX, in addition to providing a platform for dApp development. By staking tokens, CFX is used to pay transaction fees and to participate in the platform’s consensus mechanism. Holders of CFX tokens also have voting rights, allowing them to participate in key platform governance and development decisions. The CFX token has recently seen significant growth, with a price increase of +44.07% in the last 7 days, putting it among the top-performing cryptocurrencies.
1. Top 5 Cryptocurrencies of the week: Stacks (STX) +78.90%
Stacks (STX) is a blockchain-based platform that aims to make it possible to develop decentralized applications (dApps) and smart contracts on the Bitcoin network. The Stacks platform employs a novel consensus mechanism known as “Proof of Transfer” (PoX), which is intended to be more energy-efficient and environmentally friendly than traditional proof-of-work algorithms. PoX enables Stacks miners to earn Bitcoin rewards by locking up STX tokens and participating in the validation of Stacks blockchain transactions.
Stacks has its own cryptocurrency, STX, in addition to providing a platform for decentralized application development. STX is used to pay transaction fees on the Stacks blockchain as well as staking tokens to participate in the platform’s consensus mechanism. STX tokens also grant holders voting rights, allowing them to participate in key platform governance and development decisions. The STX token has recently seen significant growth, with a price increase of +78.90% in the last 7 days, putting it among the top-performing cryptocurrencies.
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Source: https://cryptoticker.io/en/top-5-cryptocurrencies-week-8/