The cryptocurrency market has been declining since November 2021. Major coins likeBitcoin and Ethereum fell from their respective record prices of $69,700 and $4,850. Too many altcoins are showing poor performance. Still, some cryptocurrencies have shown good performance. This article is all about Top 5 Cryptocurrencies which has shown strong performance over the past seven days. Let’s take a look in more detail.
5.Top 5 cryptocurrencies: ApeCoin (APE) +1.7%
According to its website, ApeCoin is the governance and local cryptocurrency of the Bored Ape Yacht Club. Its configuration allows it to mature into the decentralized protocol layer for activities within the community and its environment. It is also an ERC-20 token that developers use to endorse and encourage cutting-edge decentralized web3 community design. Token holders manage themselves through the decentralized governance framework governing the ApeCoin DAO. In the past 7 days, the APE price has risen by +1.7%, just enough to make our list of top cryptocurrencies.
4.Top 5 cryptocurrencies: NEM (XEM) +2.6%
NEM is a diffused environment that advocates the transfer of the value of smart assets between businesses and individuals. This platform strives to create a technologically enhanced, community-enhanced blockchain design where people can buy and sell digital illustrations of real-world assets and have supernatural privilege. NEM (XEM) is basically used to easily execute the transfer of digital assets such as tokens, files, and contracts. Over the past 7 days, the price of XEM has increased by +2.6%, just enough to make it onto our list of top cryptocurrencies.
3.Top 5 cryptocurrencies: Tenset (10SET) +10%
According to its website, Tenset is a blockchain project that visualizes itself as the nexus between cryptos and the conventional stock market. It uses the ETF2.0 deflationary token and a staking technique. Its purpose is to accelerate the adoption of cryptocurrencies and blockchain by economic markets. Over the past 7 days, 10SET price has risen by +10%, just enough for a spot on our top cryptocurrencies list.
2.Top 5 cryptocurrencies: Evmos (EVMOS) +12%
According to its website, Evmos is an inter-blockchain communication protocol. It represents layers of blockchain. This is currently the secure and decentralized approach to transferring assets between different blockchains, extending interoperability across many chains. The project aims to align the stakes of all parties and make blockchain easier. Over the past 7 days, the price of the EVMOS native token has increased by almost +12%, just enough to make it to our list of top cryptocurrencies.
1.Top 5 cryptocurrencies: TerraClassicUSD (USTC) +465%
TerraUSD was designed to bring value to the Terra community and provide a scalable answer for DeFi amid the extreme scalability issues faced by other stablecoins like Dai. Thus, TerraUSD promises users a higher level of scalability, interest rate accuracy, and cross-chain usage. Over the past 7 days, the price of the native USTC token has increased by nearly +465%, just enough to make it to our list of top cryptocurrencies.
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