Hello HODLers!

Here comes our update on the top-5 performing crypto of the last week. The goal of this post is to compare the returns of the top-100 crypto projects by market capitalization on Coinmarketcap and introduce you the 5 coins that have recorded the largest price increase during the past 24 hours.

1. IOST (IOST) $0.04162  (+37.70%)

IOST describes itself as an “ultra-fast,” fully fledged and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the “next-generation” consensus protocol dubbed “proof-of-believability.”

Source: https://coinmarketcap.com/currencies/iostoken/

Official Website: https://iost.io/

2. PancakeSwap (CAKE): $9.41  (+35.82%)

PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees. The LP tokens are called FLIP tokens. PancakeSwap also allows users to farm additional tokens – CAKE and SYRUP. On the farm, users can deposit LP tokens, locking them up in a process that rewards users with CAKE. Users can stake CAKE tokens to receive SYRUP, which will have further functionality as governance tokens (and as tickets in a lotteries).

Source: https://coinmarketcap.com/it/currencies/pancakeswap/

Official Website: https://pancakeswap.finance/

3. Venus (XVS) $58.01 (+25.25%)

Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC). The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance (DeFi) ecosystem, enabling users to directly borrow against collateral at high speed while losing less to transaction fees. In addition, Venus allows users to mint VAI stablecoins on-demand within seconds by posting at least 200% collateral to the Venus smart contract. VAI tokens are synthetic BEP-20 token assets that are pegged to the value of one U.S. dollar (USD), whereas XVS tokens are also BEP-20-based, but are instead used for governance of the Venus protocol, and can be used to vote on adjustments—including adding new collateral types, changing parameters and organizing product improvements. The governance of the protocol is entirely controlled by XVS community members, since the Venus founders, team members and other advisors do have any XVS token allocations.

Source: https://coinmarketcap.com/currencies/venus/

Official Website: https://venus.io/

4. Horizen (ZEN) $69.92  (+19.09%)

Horizen is an interoperable blockchain system, supported by a decentralized node infrastructure. Its sidechain platform focuses on scalable data privacy, and as such enables businesses as well as developers to build private or public blockchains using the unique sidechain technology known as Zendoo. Horizen launched in May of 2017 and strives to ensure data integrity and privacy through enabling real-world use cases. Horizen claims to be completely decentralized, fully customizable with privacy features and supports low costs associated with building blockchains with configurable revenue models and unlimited number of tokens and digital assets.

Source: https://coinmarketcap.com/currencies/horizen/

Official Website: https://www.horizen.io/

5. Celo (CELO) $4.86 (+17.54%)

Celo is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users. By using phone numbers as public keys, Celo hopes to introduce the world’s billions of smartphone owners, including those without banking access, to transacting in cryptocurrency. The network also allows for the creation of smart contracts and decentralized applications (DApps) as part of decentralized finance (DeFi). Its mainnet was launched in April 2020. The platform has two native tokens. CELO is a proof-of-stake (PoS) token used for transaction fees, governance participation and related activities. In future, the platform aims to host various stablecoins, with one, the Celo Dollar (CUSD), already in use.

Source: https://coinmarketcap.com/currencies/celo/

Official Website: https://celo.org/

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