Since November 2021, most cryptocurrencies have dropped by almost 60%. Nevertheless, most cryptos have already gained a very substantial support area. Yet, some coins showed good performance. 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: The Sandbox (SAND) +57.1%
Sandbox is a virtual world that operates on the blockchain. In this, users can buy, trade, or even create their digital assets. This can be accomplished only because of Decentralized autonomous organizations (DAO) and Non-Fungible Tokens (NFTs). Sandbox built a wide online experience, linking decentralization and gaming. Sandbox aims to give blockchain technology to the masses. In the last 7 days, the SAND price has increased by almost +57.1%, just enough for a spot on our top cryptocurrencies list.
4.Top 5 Cryptocurrencies: Polygon (MATIC) +70.9%
Polygon is an Ethereum network scalability solution. The Ethereum blockchain was the first to enforce smart contracts, causing Ethereum the unanimous leader in decentralized applications. Yet, as the number of smart contracts has increased, Ethereum has toiled to make transactions speedy and efficient.
The Polygon network was born out of this. Polygon is a layer 2 solution that empties the Ethereum blockchain utilizing a second level and many sidechains. Polygon’s “plasma chains” are especially important. These Ethereum sidechains bring the smart contracts off the Ethereum network. If required, developers of decentralized applications and smart contracts might outsource their work to the Polygon network. This handles Ethereum’s scalability issues. In the last 7 days, the native token MATIC price has increased by almost +70.9%, just enough for a spot on our top cryptocurrencies list.
3.Top 5 Cryptocurrencies: STEPN (GMT) +78.1%
STEPN is a Solana-based move-to-earn gaming platform. In this, users can earn tokens by walking, sprinting, or running. Users must first purchase footwear that is appropriate for their selected physical exercise before they can begin making tokens. This game functions as a web3 platform desired at encouraging healthy lifestyle manners. It accomplishes this by rewarding people who exercise. STEPN blends Game-Fi and Social-Fi elements, according to the official website. Because games include gaming and banking, Game-Fi is a traditional ingredient in blockchain gaming. This combo enables users to make money in the real world. In the last 7 days, the GMT price has increased by almost +78.1%, just enough for a spot on our top cryptocurrencies list.
2.Top 5 Cryptocurrencies: Celsius Network (CEL) +83.5%
Celsius is a DeFi platform for decentralized lending on Ethereum. Users can both deliver and take loans. In this, borrowers pay a stake to lenders and deliver security to wrap the loan. The public DeFi hype is assumably accountable for the good performance. In the last 7 days, the CEL price has increased by almost +83.5%, just enough for a spot on our top cryptocurrencies list.
1.Top 5 Cryptocurrencies: Synthetix Network (SNX) +86%
Synthetix allows users to distribute and sell synthetic assets, which are models of real assets such as cryptocurrencies, fiat currencies, stocks, products, and virtually anything that has a price. In this, traders swap on collateral and not any special opposite party in a contract or business transaction. Traders can also buy and sell synthetic assets, predicted to run by off-chain oracles and they have direct access to derivatives and investable baskets. In the last 7 days, the SNX price has increased by almost +86%, just enough for a spot on our top cryptocurrencies list.