Cryptocurrencies suffered tremendously following the bearish market that stroke Bitcoin. The total market value of cryptocurrencies plunged from $3 trillion to around $2trillion, but some cryptocurrencies are going against the wave.
As of this moment, there are about 18,000 cryptocurrencies with more created every day. Cryptocurrencies surged in popularity amid the Covid-19 outbreak, but the crypto market has witnessed dramatic price swings regularly. Since its November high, Bitcoin plunged 40% and altcoins followed the same trend including Solana, Cardano, and Polkadot to name a few.
Keeping an eye on the weekly winners and losers can help investors identify which coins are beginning to gain and lose traction in the crypto community. These were the five best performing cryptocurrencies with a market value of more than $1 billion over the past week, according to data from CoinMarketCap.
5. Theta Network
Symbol: THETA
Market Value: $4.1 billion
7-Day Performance: 25.0%
CoinMarketCap
4. Solana
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