• Written by: Prasanna
  • Sun, 09 Oct 2022
  •   Germany

This article 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.

Top 5 Cryptocurrencies of the Week -Week 40

The crypto market is crowding as Bitcoin stumbles to reach 22K. The Bitcoin forecasts still look stable. Yet, some altcoins are performing well. This article 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: Elrond (EGLD) +13.63%

— Lucian Mincu | xday.twitter.com/widgets.js" charset="utf-8">

Elrond is a blockchain that can gain high scalability with a lot of speed built specifically for the internet scale. It uses sharding to attain high scalability. Elrond coin describes itself as an ecosystem for the new internet. This covers fintech, decentralized finance, and the Internet of Things. 

The Elrond has EGLD as a store-of-value asset. The network operates more than 2000 validator nodes. It halves into four shards. In this, the three execution shards are capable of 5,400 transactions per second each while the remaining one is a coordination shard called the “Metachain.” In the last seven days, the EGLD price has increased by almost +13.63%, just enough for a spot on our top cryptocurrencies list. 

4.Top 5 Cryptocurrencies: Convex Finance Price (CVX) +14.77%

— Convex Finance (@ConvexFinance)

Convex Finance (CVX) is a resourceful DeFi formed on the Curve Finance exchange. The Convex bonuses CRV stakers with additional DeFi yields. In the last 7 days, the CVX price has increased by almost +14.77%, just enough for a spot on our top cryptocurrencies list.

3.Top 5 Cryptocurrencies: Ethereum Name Service (ENS) +15.60%

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Ethereum wallet addresses are difficult and human unreadable. This makes it challenging for users to work with them. For example, if you send funds to an Ethereum wallet, the long random address must be checked multiple times to establish that it’s the right one. It’s easier to make errors there. Ethereum Name Service or ENS cures that issue by utilizing smart contracts, connecting the complicated human unreadable Ethereum addresses to a straightforward .eth (amongst other variants) domain. In the last 7 days, the ENS price has increased by almost +15.60%, just enough for a spot on our top cryptocurrencies list.

2.Top 5 Cryptocurrencies: Casper (CSPR) +17.24%

According to its website, the Casper Network is a decentralized layer one Proof-of-Stake blockchain. Casper is developed to accelerate business and developer adoption of blockchain technology and grow to meet the demands of the future. In the last 7 days, the CSPR price has increased by almost +17.24%, just enough for a spot on our top cryptocurrencies list.

1.Top 5 Cryptocurrencies: Maker (MKR) +17.94%

Maker is the token of the MakerDao protocol, which is a decentralized application on the Ethereum blockchain. Many people got motivated and chose to carry the MKR token in expectation of a successful experience. In the last 7 days, the MKR price has increased by almost +17.94%, just enough for a spot on our top cryptocurrencies list.