Finally, something good is happening in the cryptocurrency market from the past few days. The long sideways movement seems to be over. Almost all the cryptocurrencies are performing well and are in the green zone. Here are the top 5 performing cryptocurrencies of the week (week-2).
Kava defines itself as a decentralized business assistance platform. Kava’s main product is a Defi lending platform for cryptocurrencies. The week was excellent for KAVA price. The price has almost increased by 75.4%, just enough for a spot on our top 5 cryptocurrencies list. The Binance backed project is performing really well from the past 90 days.
4. Balancer (+90.3%)
Balancer calls itself a non-custodial portfolio manager, liquidity provider, and price sensor. The BAL coin is in the green zone. The price has almost increased by 90.3% in seven days. The exact reason for this price increase is unknown. The traders can swap assets by paying a fee to do so which then gets allotted to liquidity providers.
3. Ocean Protocol (+109.8%)
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 109.8% in seven days. The crypto exchange Coinbase is considering adding $OCEAN to its exchange could be one of the reasons behind its price rise.
2. Decentraland (143.7%)
Decentraland is creating a decentralized, blockchain-based virtual world that will enable users to design, practice, and monetize content. The MANA token has gained almost 143.7% in seven days and it is currently trending in the green zone. The exact reason behind its price rise is unknown.
1. Band Protocol (237.3%)
The Band Protocol describes itself as a secure and scalable decentralized oracle for Web3.0. The market capitalization has almost doubled and there are only a few million US dollars left to double the market capitalization of Band Protocol. The price has increased by 237.3% and it is growing like crazy.