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The crypto market is crowding as Bitcoin stumbles to reach 22K. The Bitcoin forecasts still look stable. Yet, some altcoins are performing well. 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: Elrond (EGLD) +13.63%
The practical viability and utility of blockchain networks are important topics to think about.
The benefits and effects of leveraging a fully sharded architecture go far beyond performance enhancements.
Weekly #elrondtech 🛠️ pic.twitter.com/kJX23hzmaZ
— Lucian Mincu | xday.com/paris | Paris. 3-5 Nov (@lucianmincu) October 2, 2022
Elrond is a blockchain that can gain high scalability with a lot of speed built specifically for the internet scale. It uses sharding to attain high scalability. Elrond coin describes itself as an ecosystem for the new internet. This covers fintech, decentralized finance, and the Internet of Things.
The Elrond has EGLD as a store-of-value asset. The network operates more than 2000 validator nodes. It halves into four shards. In this, the three execution shards are capable of 5,400 transactions per second each while the remaining one is a coordination shard called the “Metachain.” In the last seven days, the EGLD price has increased by almost +13.63%, just enough for a spot on our top cryptocurrencies list.
4.Top 5 Cryptocurrencies: Convex Finance Price (CVX) +14.77%
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Metapools:$susd$lusd$apeusd$gusd$busd$alusd$usdd$tusd pic.twitter.com/0jChsmQUak
— Convex Finance (@ConvexFinance) August 30, 2022
Convex Finance (CVX) is a resourceful DeFi formed on the Curve Finance exchange. The Convex bonuses CRV stakers with additional DeFi yields. In the last 7 days, the CVX price has increased by almost +14.77%, just enough for a spot on our top cryptocurrencies list.
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3.Top 5 Cryptocurrencies: Ethereum Name Service (ENS) +15.60%
September 2022 stats for ENS
– 437k new .eth registrations (total 2.6m names)
– $5.5m in protocol revenue (all goes to the @ENS_DAO)
– 35k new eth accounts w/ at least 1 ENS name (total 572k)
– 1,431 DWeb content records set (total 14,393)
– 97% of OpenSea domain volume pic.twitter.com/QVDXsr4VQN— ens.eth (@ensdomains) October 1, 2022
Ethereum wallet addresses are difficult and human unreadable. This makes it challenging for users to work with them. For example, if you send funds to an Ethereum wallet, the long random address must be checked multiple times to establish that it’s the right one. It’s easier to make errors there. Ethereum Name Service or ENS cures that issue by utilizing smart contracts, connecting the complicated human unreadable Ethereum addresses to a straightforward .eth (amongst other variants) domain. In the last 7 days, the ENS price has increased by almost +15.60%, just enough for a spot on our top cryptocurrencies list.
2.Top 5 Cryptocurrencies: Casper (CSPR) +17.24%
At Casper, we believe in empowering people to build a sustainable #Web3 future.
That’s why we’re optimistic about Casper’s future and continue to build the best products and relationships in the heart of #CryptoValley Switzerland 🇨🇭
Peek #InsideCasper 👇https://t.co/kQaKO5LnTn pic.twitter.com/0Dte5hpxeA
— Casper (@Casper_Network) October 1, 2022
According to its website, the Casper Network is a decentralized layer one Proof-of-Stake blockchain. Casper is developed to accelerate business and developer adoption of blockchain technology and grow to meet the demands of the future. In the last 7 days, the CSPR price has increased by almost +17.24%, just enough for a spot on our top cryptocurrencies list.
1.Top 5 Cryptocurrencies: Maker (MKR) +17.94%
Maker Governance executed the first DAO balance sheet investment in high-quality bonds.
MIP65: Monetalis Clydesdale will activate a Maker Vault for the purpose of investing PSM’s USDC in liquid bond strategies with a debt ceiling of 500 million DAI. pic.twitter.com/LlpBUkYXxE
— Maker (@MakerDAO) October 6, 2022
Maker is the token of the MakerDao protocol, which is a decentralized application on the Ethereum blockchain. Many people got motivated and chose to carry the MKR token in expectation of a successful experience. In the last 7 days, the MKR price has increased by almost +17.94%, just enough for a spot on our top cryptocurrencies list.
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