There is a representation of the digital cryptocurrencies.
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There are more than 16,000 other coins.
These alternative cryptocurrencies can deliver huge losses to investors in a short period of time.
The five best performing cryptocurrencies over the past week are listed.
The total market cap of cryptocurrencies fell from $3 trillion to $2 trillion as of Friday. Despite the shift to a mostly risk-off environment, other cryptocurrencies are performing well.
There are more cryptocurrencies in existence than there are US exchange-listed stocks. It's nearly impossible to keep track of all the big players in the sector outside of the well known coins.
The surge in new 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.
These alternative cryptocurrencies can deliver huge losses to investors in a short period of time. Over the past year, Shiba inu is up a lot, but it is down a lot from its recent high. The squid game token fell 99% in a single day.
Keeping an eye on the weekly winners can help investors identify which coins are gaining traction.
The five best performing cryptocurrencies have a market value of more than $1 billion.
5. The internet computer.
The symbol is the ICP.
The market value is $5.7 billion.
The 7-Day Performance was 16.0%.
The coin market cap.
4. Fantom.
The market value is $ 6.9 billion.
The 7-Day Performance was 17.6%.
The coin market cap.
3. Chainlink.
The LINK market value is $11.6 billion.
The 7-Day Performance was 23.3%.
The coin market cap.
2. There is harmony.
One market value is $3.6 billion.
The 7-Day Performance was 30.2%.
The coin market cap.
1. There is a person named Cosmos.
The ATOM market value is $9.7 billion.
The 7-Day Performance was 34.9%.
The coin market cap.
Business Insider has an original article.
