The cryptocurrency market is going through a tough period. After enormous losses in the first half of 2022, cryptocurrency prices have stabilized narrowly since June. Some altcoins are displaying good performance. This post 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: Cosmos (ATOM) +19.2%
Cosmos is a blockchain with stress on an inter-blockchain tie. Cosmos is an ecosystem of blockchains that can scale and interoperate with each other. Blockchain has been called the internet of Blockchains because it enables a configuration that allows Blockchain to thrive in uniform. Cosmos SDK is an open-source framework for developing multi-asset public Proof-of-Stake (PoS) blockchains. In other words, COSMOS is a decentralized network of autonomous parallel Blockchain supported by Byzantine Fault Tolerance (BFT) consensus. In the last 7 days, the ATOM price has increased by almost +19.2%, just enough for a spot on our top cryptocurrencies list.
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4) Top 5 Cryptocurrencies: Lido DAO (LDO) +22.8%
Lido is a protocol that aims to furnish users with options to stake across various blockchains. Staking is still a new concept in the digital asset world, with many people unaware of the advantages of staking their assets. The blockchain space permits investors to make money in distinct ways, and one of these includes staking the asset over some time. According to the protocol’s official website, Lido expects to create a staking economy. In the last 7 days, the LDO price has grown by almost +22.8%, just enough for a spot on our top cryptocurrencies list.
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3) Top 5 Cryptocurrencies: Celsius Network (CEL) +25%
Celsius is a DeFi platform for decentralized lending on Ethereum. Users can both propose and take loans. In this, borrowers pay interest to lenders and deliver security to protect the loan. The all-around DeFi hype is likely answerable for the good performance. There have also been several updates newly from Celsius. In the last 7 days, the CEL price has increased by almost +25%, just enough for a spot on our top 5 cryptocurrencies list.
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2) Top 5 Cryptocurrencies: DeFiChain (DFI) +34.7%
— DeFiChain Facts (@DefiChain_Facts) September 3, 2022
DeFiChain (DFI) wants to maximize the complete prospect of DeFi within the Bitcoin (BTC) environment. The software platform is backed by a dispersed network of machines and is developed to enable fast and evident transactions. It is an inventive blockchain project and delivers solutions to issues like scalability, security, and decentralization. In the last 7 days, the CEL price has increased by almost +34.7%, just enough for a spot on our top 5 cryptocurrencies list.
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1) Top 5 Cryptocurrencies: GMX (GMX) 40.4%
1/ Despite bearish conditions, there are always some outliooors, one of which is $GMX, which has been a recent strong performer.
— Nansen🧭 (@nansen_ai) September 1, 2022
GMX is a spot and perpetual exchange that helps lower swap fees and zero price effect trades. Trading is backed by a special multi-asset pool. In the last 7 days, the GMX price has increased by almost +40.4%, just enough for a spot on our top 5 cryptocurrencies list.
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