Best Cryptocurrency Exchange Fees

These are the 5 best performing cryptocurrencies over the past week amid bitcoin bear market

These are the 5 best performing cryptocurrencies over the past week amid bitcoin bear market
Written by publisher team

Visual representation of digital currencies

  • While Bitcoin and Ethereum dominate the headlines, there are over 16,000 other cryptocurrencies.
  • With less liquidity and more volatility, these alternative cryptocurrencies can offer investors massive losses or gains in a short period of time.
  • These are the top five performing cryptocurrencies over the past week, according to data from CoinMarketCap.

The Bitcoin bear market has sucked the life out of many popular cryptocurrencies, with the total cryptocurrency market cap dropping from $3 trillion to less than $2 trillion on Friday. But other cryptocurrencies are doing well despite switching to a mostly risk-free environment.

With 16,515 cryptocurrencies out there and counting, there are more than three times as many cryptocurrencies as there are listed US stocks. This sheer amount of supply makes it almost impossible to track all the big drivers in the crypto sector outside of well-known coins such as Bitcoin, Ether and Dogecoin.

The surge in new cryptocurrencies came amid a massive bull market for the sector in 2021, but bitcoin’s 40% drop from its November highs presents a challenge to the space, especially in smaller coins that saw extraordinary gains last year such as solana, cardano, and cryptocurrency. and polkadot.

With less liquidity and more volatility, these alternative cryptocurrencies can offer investors massive losses or gains in a short period of time. Shiba inu price is down 65% from its recent high, but it’s still significant over the past year. Meanwhile, the squid game token is down 99% in one day after making a quick 75,000% gain.

Monitoring weekly winners can help investors identify which currencies are beginning to see an increase in attraction in the crypto community.

These are the top five performing cryptocurrencies with a market capitalization of more than $1 billion over the past week, according to data from CoinMarketCap.

5. Computer Internet

Code: ICP
Market value: $5.7 billion
7-day performance: 16.0%

4. Phantom

Code: FTM
Market value: $6.9 billion
7-day performance: 17.6%

phantom diagram

3. Chainlink

Code: LINK
Market value: $11.6 billion
7-day performance: 23.3%

Chainlink price

2. Harmony

Code: ONE
Market value: $3.6 billion
7-day performance: 30.2%

Harmony price

1. Universe

Code: ATOM
Market value: $9.7 billion
7-day performance: 34.9%

Cosmos price

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