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Top 5 Cryptocurrencies of the Week

admin by admin
July 13, 2022
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Top 5 Cryptocurrencies of the Week
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The consolidation of the crypto market seems to have come to an end for the time being, after Bitcoin is back on track heading north.  After the recent positive development, many investors seem to be pushing into the market again. Some cryptocurrencies have performed particularly well. It is precisely these that we would like to address in this article.

5. Uniswap (UNI)

UNI/USD Weekly Chart – GoCharting

Uniswap is a decentralized platform for trading cryptocurrencies. It has its own native token called UNI. The exchange gives users the opportunity to execute trades and transactions without third parties being involved in processing them. Uniswap allows trading ERC-20 currencies against ETH or other ERC-20 tokens. Over the past 7 days, the UNIVERSITY course has increased by +27%, just enough for a place on our list of top cryptocurrencies.

4. THORChain (RUNE) +29.2%

Thorchain is a decentralized exchange that allows cross-chain trades. After the DeFi market has been experiencing a big upswing for quite some time, it has been able to record enormous growth in recent years. Over the past 7 days, the RUNE price has recorded a solid growth of 29.2%.

3. Aave (AAVE) +34.6%

AAVE/USD Weekly Chart – GoCharting

Aave is a decentralized lending and credit intermediation platform. Lenders make money by depositing cryptocurrencies, while borrowers have the opportunity to receive flash/microloans, using their own cryptocurrencies as collateral. Aave owners benefit from reduced fees on the platform, which gives them a say in the future development of the project. In addition to their unique lending platform, they offer a selection of around 20 cryptocurrencies to borrow and borrow. “Flash loans” is Aave’s primary selling point. Over the past 7 days, the price of AAVE has increased by almost 34.6

2. Quant(QNT) +49 %

QNT/USD Weekly Chart – GoCharting

QNT a token that is used to support the overledger of the Quant Network. The project aims to connect public blockchains and private systems. Quant Network enables the construction of mDapps that enable decentralized applications to function on multiple blockchains simultaneously. Over the past 7 days, the price of QNT has increased by almost +49%.

1.Convex Finance (CVX) +57.5%

CVX/USD Weekly Chart – GoCharting

Convex Finance (CVX) is an innovative DeFi application launched on the Curve Finance Exchange. Convex rewards CRV stakers with additional DeFi returns. Over the past 7 days, the CVX price has risen by almost +57.5%, just enough for a place on our top cryptocurrencies list.

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