After the crash, it seems that the cryptocurrency market is now showing slightly strong performance. Some cryptocurrencies are performing exceptionally well and showing strong growth. Here are the top 5 performing cryptocurrencies of the week (week-8). Let’s take a look at it in more detail.
5. NEO + 18%
Top 5 Cryptocurrencies: NEO/USD Weekly Chart: Tradingview
NEO is often called as the Chinese Ethereum. The project was formerly called Antshares. NEO supports smart contracts and dApps. In the last 7 days, the NEO price has increased by almost +18%, just enough for a spot on our top 5 cryptocurrencies list. A new innovative software upgrade could be responsible for the strong price rise.
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4. Quant + 29%
Top 5 Cryptocurrencies: QNT/USD Weekly Chart: Tradingview
Quant is a project that concentrates on interblockchain communication. Blockchains can exchange messages in a decentralized manner via the developed infrastructure. In the last 7 days, the QNT price has increased by almost +29%, just enough for a spot on our top 5 cryptocurrencies list. The announcement of a collaboration with Amazon and Oracle could be responsible for the increase in the price.
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3. YAMV2 +35%
YAM v2 is the revival of YAM, an Ethereum project that failed due to a code bug. Like YAM, the project is trying to create a stablecoin on the US dollar. In the last 7 days, the YAMV2 price has increased by almost +35%, just enough for a spot on our top 5 cryptocurrencies list. The general hype surrounding DeFi could be responsible for the strong performance of the token price.
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2. Celsius Network + 38%
Top 5 Cryptocurrencies: CEL/USD Weekly Chart: Tradingview
Celsius Network was already in our top 5 last week. This week, the project again displayed strong growth. It is a DeFi platform on Ethereum for decentralized lending. In the last 7 days, the CEL price has increased by almost +38%, just enough for a spot on our top 5 cryptocurrencies list. In addition to the DeFi hype, the integration of PAX-Gold on the platform could be responsible for the increase in the token price.
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1. Kusama + 41.5%
Top 5 Cryptocurrencies: KSM/USD Weekly Chart: Tradingview
Kusama is a decentralized network based on Polkadot Code. Despite the fact that it is intended as an experimental network, the coin price has increased surprisingly over the past few weeks. In the last 7 days, the KSM price has increased by almost +41.5%, just enough for a spot on our top 5 cryptocurrencies list. The general hype about Polkadot could be responsible for the good performance of the price of the coin.
>> Click here to buy KSM! <<
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