• Sun. Aug 14th, 2022

Top 5 Cryptocurrencies of the Week – Week 30

ByHazel R. Lang

Jul 31, 2022

Crypto consolidation may be over as Bitcoin prices have started to rise again. Now that the crypto market is progressing, investors want to redeem their routine in their favorite crypto. Some altcoins have performed well. This post is all about the Top 5 Cryptocurrencies which depicts good performance over the past seven days. As of this writing, the price of BTC is $23,813.27.

5. Top 5 cryptocurrencies: Internet Computer (ICP) +34.1%

Top 5 Cryptocurrencies

ICP/USDT Weekly Chart – GoCharting

The internet computer is a blockchain that runs at web speed with unlimited power. It also exemplifies the third major blockchain innovation just like Bitcoin and Ethereum. It is a blockchain that scales research and smart contract data, uses it at web speed, processes it and saves data efficiently. Over the past 7 days, the ICP price has risen almost +34.1%, just enough for a spot on our top cryptocurrencies list.

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4. Top 5 cryptocurrencies: Bitcoin Gold (BTG) +40.5%

Top 5 Cryptocurrencies

BTG/USDT Weekly Chart – GoCharting

Bitcoin Gold is a hard fork of the Bitcoin network. It is an open-source and decentralized digital coin without any middleman via peer-to-peer on its network. It is an endless variation of the Bitcoin blockchain and sticks to the new rules that control it. Bitcoin Gold also seeks to connect the elements, security and stability of Bitcoin with an option for investigation and growth. Over the past 7 days, the price of BTG has risen almost +40.5%, just enough for a spot on our top cryptocurrencies list.

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3.Top 5 cryptocurrencies: Lido DAO (LDO) +45.5%

Top 5 Cryptocurrencies

LDO/USDT Weekly Chart – GoCharting

Lido is a protocol that strives to provide users with opportunities to bet on different blockchains. Staking is still a new idea in the world of digital assets, with many people having no idea about the benefits of staking their assets. The blockchain space allows investors to make money in different ways, and one of them contains the staking of the asset over a certain time. According to the protocol’s official website, Lido hopes to build a staking economy. Over the past 7 days, the LDO price has risen by nearly +45.5%, just enough to make our list of top cryptocurrencies.

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2.Top 5 cryptocurrencies: Ethereum Classic (ETC) +56.3%

Top 5 Cryptocurrencies

ETC/USD Weekly Chart – GoCharting

Ethereum Classic is a decentralized network that uses smart contracts to implement decentralized applications. The network started operating in 2016 due to a hack by The DAO. DAO is a smart contract running on the Ethereum network. Like Ethereum, it is an open-source, blockchain-based distributed cryptocurrency that runs on smart contracts. It is equivalent to Ethereum as they share exact source and common origin. Over the past 7 days, the price of the native ETC token has increased by almost +56.3%, just enough to make it to our list of top cryptocurrencies.

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1.Top 5 crypto-currencies: Filecoin (FIL) +64.2%

Top 5 Cryptocurrencies

FIL/USD Weekly Chart – GoCharting

Filecoin is a decentralized warehouse provider that allows users to rent spare storage areas on their computers. It is also a cryptocurrency that attracts computer operators who provide file sharing and storage services. It is a peer-to-peer digital marketplace created on Interplanetary File System (IPFS) and powered by blockchain technology. The protocol is accessible to everyone, as anyone can join together and earn rewards for providing data storage space. Due to its decentralized strategy, it does not depend on centralized storage servers to hold data.

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