Bitcoin finally broke a strong resistance of $23,500 and just surpassed the $24,000 price level. In a previous article, we predicted that bitcoin prices would correct in the short term before bouncing back up. This article is about the top 5 cryptocurrencies that have performed well over the past 7 days. Let’s take a closer look.
5. Top 5 cryptocurrencies of the week: Lido DAO (LDO) +30.83%
Lido DAO is an Ethereum-based Decentralized Autonomous Organization (DAO). It provides an Ethereum 2.0 (ETH2) staking solution that allows consumers to stake their ETH and earn network security rewards without having to manage their own infrastructure or meet high minimum staking requirements.
Users’ ETH is converted into a token called stETH, which represents their staking ETH plus any rewards earned, as part of Lido’s staking solution. While still earning rewards, stETH can be traded or used in other DeFi protocols. Users can stake any amount of ETH, even as little as 0.00001 ETH, and the conversion process is designed to be seamless. The LDO token has seen significant growth lately, with its price rising +30.83% in the last 7 days, making it one of the top-performing cryptocurrencies.
>>Click here to buy LDO<
4. Top 5 cryptocurrencies of the week: Klaytn (KLAY) +40.23%
Klaytn (KLAY) is a blockchain platform developed by Ground X, a South Korean tech company that is a subsidiary of South Korean internet giant Kakao. Klaytn aims to be a simple and scalable platform for developing and deploying decentralized applications (dApps).
Klaytn’s architecture is based on a hybrid model of permissioned and permissionless blockchains, enabling faster and more efficient transaction processing while maintaining decentralization. The allowed portion of the network is known as the Byzantine Fault Tolerance (BFT) consensus layer and is designed to achieve high throughput and low latency. The permissionless layer of the network is known as the “Service Chain” and is based on a Proof-of-Stake (PoS) consensus mechanism that provides the security and decentralization required for public blockchains. The KLAY token has seen significant growth lately, with its price rising +40.23% in the last 7 days, making it one of the top-performing cryptocurrencies.
>>Click here to buy KLAY<
3. Top 5 cryptocurrencies of the week: Internet Computer (ICP) +51.88%
The DFINITY Foundation created the Internet Computer (ICP), a decentralized blockchain network. Its goal is to provide a secure and scalable platform for developing and deploying decentralized applications (dApps) that can run directly on the internet without using traditional web servers or cloud computing services.
ICP aims to be a fully decentralized blockchain network with no central authority or control body. The network uses a novel consensus mechanism known as “Threshold Relay” that enables high-speed transaction processing and the safe and efficient handling of large computations. This mechanism also allows the network to scale horizontally by adding nodes, rather than vertically by increasing the capacity of individual nodes. The ICP token has seen significant growth lately, with its price rising +51.88% in the last 7 days, making it one of the best performing cryptocurrencies.
>>Click here to buy ICP<
2. Top 5 cryptocurrencies of the week: Stacks (STX) +53%
Stacks (STX) is a cryptocurrency powering the Stacks blockchain, a decentralized computing network that aims to bring smart contracts and decentralized applications (dApps) to the Bitcoin ecosystem. Stacks’ goal is to provide a more secure and scalable platform for developing decentralized apps that can leverage the security and network effects of Bitcoin, while allowing users to earn Bitcoin by participating in the network.
To validate transactions on the Stacks network, Stacks uses a novel consensus mechanism called Proof of Transfer (PoX) that leverages Bitcoin’s security and mining infrastructure. Stacks network participants can use PoX to lock their STX and earn bitcoin rewards for helping validate transactions and securing the network. The STX token has seen significant growth lately, with its price rising +53% in the last 7 days, making it one of the best performing cryptocurrencies.
>>Click here to buy STX<
1. Top 5 cryptocurrencies of the week: Filecoin (FIL) +75.05%
Filecoin (FIL) is a decentralized storage network that allows users to securely store, access, and share data. The InterPlanetary File System (IPFS), a peer-to-peer file-sharing protocol that enables the creation of a decentralized web, powers the Filecoin network.
The Filecoin network rewards users with FIL tokens for allocating storage space on their computers and servers. This creates a decentralized network of storage providers, allowing users to store and access data securely and efficiently without having to rely on centralized cloud storage providers. The FIL token has seen significant growth lately, with its price rising +75.05% in the last 7 days, making it one of the best performing cryptocurrencies.
>> Click here to buy FIL<
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