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
  • While bitcoin and ethereum dominate the headlines, there are more than 16,000 other crypto coins.
  • With less liquidity and more volatility, these alternative cryptocurrencies can deliver investors massive losses or gains in a short period of time.
  • These are the five best performing cryptocurrencies over the past week, according to data from CoinMarketCap.
  • Bitcoin's has sucked the life out of many popular cryptocurrencies, with the total crypto market capitalization But other cryptocurrencies are performing just fine despite the shift to a mostly risk-off environment.

    With 16,515 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US exchange-listed stocks. That massive amount of supply makes it nearly impossible to keep track of all the big movers in the crypto sector outside of well known coins like , , and .

    The surge in new crypto coins has come amid a massive bull market for the sector in 2021, but a 40% decline in bitcoin from its November high is challenging the space, especially in smaller coins that saw extraordinary gains last year like solana, cardano, and polkadot.

    With less liquidity and more volatility, these alternative cryptocurrencies can deliver investors massive losses or gains in a short period of time. Shiba inu is down 65% from its recent high, but is still over the past year. Meanwhile, in a single day after delivering swift gains of 75,000%.

    Keeping an eye on the weekly winners can help investors identify which coins are beginning to see increased traction in the crypto community.

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

    5. Internet Computer

    Symbol: ICPMarket Value: $5.7 billion7-Day Performance: 16.0%

    4. Fantom

    Symbol: FTMMarket Value: $6.9 billion7-Day Performance: 17.6%

    3. Chainlink

    Symbol: LINKMarket Value: $11.6 billion7-Day Performance: 23.3%

    2. Harmony

    Symbol: ONEMarket Value: $3.6 billion7-Day Performance: 30.2%

    1. Cosmos

    Symbol: ATOMMarket Value: $9.7 billion7-Day Performance: 34.9%

    Source

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