Top 5 Performing Cryptocurrencies of the Week -(Week 12)

The cryptocurrency market is showing some signs of improvements. The market is moving steadily and it seems that almost all the altcoins are on the path of progress. Some cryptocurrencies are exhibiting growth. Here are the top 5 performing cryptocurrencies of the week (week-12). Let’s take a look at it in more detail.

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5. REN +12%

REN/USD Weekly Chart: Tradingview

REN has been performing well in the past few months. According to its website, Ren (REN) is an open protocol developed to implement interoperability and liquidity between various blockchain platforms. The REN token works as a link for those operating nodes that control RenVM, identified as Darknodes. The REN price has increased by almost +12% in the last 7 days, just enough for a spot in our top 5 cryptocurrencies list. REN is now available on Coinbase and this could be one of the reasons behind its price rise.

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4. Ocean Protocol (OCEAN) +12.7%

OCEAN/USD Weekly Chart: Tradingview

Ocean Protocol is an ecosystem for distributing data and services. It gives a tokenized assistance cover that presents data, storage, measure, and algorithms. There is staking on services to indicate position, reliability, and ward against Sybil Attacks. The Ocean has gained almost +12.7% in the last seven days, just enough for a spot in our top 5 cryptocurrencies list.

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3. Reserve rights token (RSR) +27.3%

RSR/USDT Weekly Chart: Tradingview

The Reserve Protocol describes itself as it can be executed on top of any smart contract platform. Initially, they are developing on the Ethereum Network but eventually, they expect two-way links to allow whole interoperability of the Reserve token over all major smart contract platforms. The RSR price has increased by almost +27.3% in the last seven days, just enough for a spot on our top 5 cryptocurrencies list. The announcement of working to bring the RSR token to additional crypto exchanges could be one of the reasons behind the price rise.

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2. Waves (WAVES) +33.2%

WAVES/USD Weekly Chart: Tradingview

The waves describes itself as an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions. The coin is consistently displaying a good performance from the past few days. The waves price has increased by almost 33.2% in the last seven days, just enough for a spot on our top 5 cryptocurrencies list.

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1.Ampleforth (AMPL) +67.2%

AMPL/USD Weekly Chart: Tradingview

According to its website, Ampleforth describes itself as smart commodity money. It is chain-agnostic and the AMPL digital currency balances the daily supply based on market conditions. In the last 7 days, the Ampleforth (AMPL) price has increased by almost +67.2%, just enough for a spot on our top 5 cryptocurrencies list.

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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.

Posted By

Prasanna

Prasanna is the editor-in-chief of CryptoTicker English. He has a huge knowledge of the cryptocurrency market. He is an extremely accomplished technical analyst having vast experience in the crypto domain.