The Bitcoin Crash has upset many people. Yet, it seems that the market is trying to recover now. This post is all about the top 5 cryptocurrencies that performed greatly in the last seven days. Let’s take a look at it in more detail. At the time of writing this, the Bitcoin price is sitting at $21,615.03.
5) Top 5 Cryptocurrencies: Helium (HNT) +31.57%
🧠 ICYMI: Can you stake your $HNT after @Helium HIP-70?
YES! Any HNT holder will be able to stake their HNT in the form of veHNT.
PS: HNT holders can stake any amounts of HNT and receive voting power and token yield based on how long they lock their HNT for.✌️
— Helium🎈 (@helium) September 8, 2022
Helium Network is a decentralized wireless network that allows devices to tie wirelessly to the Internet anywhere in the world. It is a safe and open-source network. Developers have the opportunity to develop low-power, Internet-connected devices at a more inferior and instantaneous speed. In the last 7 days, the HNT price has increased by almost +31.57%, just enough for a spot on our top cryptocurrencies list.
4)Top 5 Cryptocurrencies: Ravencoin (RVN) 78.89%
Hash power matters.
Ravencoin has structure forked from #Bitcoin in terms of issuance & the POW UTXO model. The hash rate and POW model is well tested because of Bitcoin.
An increase in hash power improves security further.
— Project Raven 🦅/ RVN / Ravencoin (@Ravencoin) September 6, 2022
Ravencoin is a token that is mined on uncomplicated GPU and ASIC miners. It was forked from the Bitcoin chain in 2018. The coin equips traders with a route to produce their tokens and transmit them to other traders. The developer’s task was to build a token that could be mined by utilizing just the GPU of PCs. In the last 7 days, the RVN price has increased by almost +78.89%, just enough for a spot on our top cryptocurrencies list.
3)Top 5 Cryptocurrencies: Terra Classic (LUNC) +81.75%
2/ Read the full details of what @Entropic_Labs plans to bring to Terra 👇https://t.co/2sMMdv0J1f
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) August 31, 2022
The LUNA Coin is the cryptocurrency of the Terra Network. Terra has designated itself the task of utilizing algorithms to keep the stablecoins price stable. With this, Terra wants to create fully decentralized, algorithmic stablecoins that are separate from the support of a physical currency. In the last 7 days, the LUNC price has increased by almost +81.75%, just enough for a spot on our top cryptocurrencies list.
2)Top 5 Cryptocurrencies: TerraClassicUSD Price (USTC) +100.45%
Graphic shows all projects building on @terra_money that have received Community Pool $LUNA funding 🙌 pic.twitter.com/m8fdehSvVE
— TFM 📊 (@tfm_com) September 8, 2022
It is the decentralized and algorithmic stablecoin of the Terra blockchain. The important thing to note here is that it is value-pegged to the US Dollar. TerraUSD was designed to provide value to the Terra community and deliver a scalable solution for DeFi amid extreme scalability issues encountered by other stablecoins. In the last 7 days, the USTC price has increased by almost +100.45%, just enough for a spot on our top cryptocurrencies list.
1)Top 5 Cryptocurrencies: Terra (LUNA) +258%
1/ Read up on the latest happenings on Terra from project updates to governance proposal outcomes in our August Community Update 🌎👇https://t.co/X8nSEEDdW3
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) September 7, 2022
Terra is a blockchain that employed stablecoins to raise price stability in global payment networks. In fact, they claim to integrate price stability and fiat currencies by letting Bitcoin (BTC), thus delivering reasonable settlements. Volatility was a highly argued topic in the cryptocurrency domain. It is one of the main grounds that made investors stress about holding cryptos. Terra strives to change that, by employing fiat-pegged stablecoins. They would carry a “one stablecoin to one fiat” peg via a proprietary algorithm that automatically adapts the stablecoin pool based on its request. This is attainable thanks to their token LUNA, which delivers liquidity, and price solidity, and is readily swappable to other stablecoins at advantageous exchange rates. In the last 7 days, the LUNA price has increased by almost +258%, just enough for a spot on our top cryptocurrencies list.