The chase for the NBA's MVP award is heating up.Teams like the Western Conference's Golden State Warriors and Phoenix Suns share the NBA's best record at 27-7. In the Eastern Conference, the Chicago Bulls (22-10) and Brooklyn Nets (23-9) are worthy contenders, and the defending champion Milwaukee Bucks (23-13) are close behind.With another week completed, it's time to take a look at the latest MVP power rankings by Sportskeeda.No. 5: Chris PaulPhoenix Suns star guard Chris PaulPrevious week's NBA MVP Power Ranking - #5Last Week: Games played - 3; Games won - 2; Games lost - 1Overall: Games played - 34; Games won - 27; Games lost - 7Last Week: PPG - 16.0, APG - 8.0, RPG - 4.7Overall: PPG - 14.4, APG - 9.8, RPG - 4.1Last Week: FG% - 52.8%, 3P% - 25.0%, SPG - 1.3Overall: FG% - 48.3%, 3P% - 31.3%, SPG - 2.0Veteran guard Chris Paul has powered the Phoenix Suns all season. The floor general for the Suns, Paul is having a sensational season as Phoenix tries to return to the NBA Finals.Phoenix Suns@SunsCP3 with tonight's @FanDuel Stat Line of the Game5:54 AM · Dec 25, 202153145CP3 with tonight's @FanDuel Stat Line of the Game https://t.co/W3DoTRBl1WIn his last week, Paul averaged 16.0 points, 4.7 rebounds, 8.0 assists and 1.3 steals per game while shooting 52.8%. Although CP3 might not put up the production that some of the other candidates on this list will, his impact cannot be understated.No. 4: Giannis AntetokounmpoBoston Celtics v Milwaukee Bucks superstar forward Giannis AntetokounmpoPrevious week's NBA MVP Power Ranking - #4Last Week: Games played - 1; Games won - 1; Games lost - 0Overall: Games played - 26; Games won - 17; Games lost - 9Last Week: PPG - 36.0, APG - 5.0, RPG - 12.0Overall: PPG - 27.4, APG - 5.8, RPG - 11.4Last Week: FG% - 56.5, 3P%- 0.0, BPG - 2.0Overall: FG% - 53.0%, 3P% - 27.4%, BPG - 1.6The Milwaukee Bucks have won seven of their last ten games, including a current four-game winning streak. The consistent play of superstar forward Giannis Antetokounmpo remains Milwaukee's calling card.Milwaukee Bucks@BucksGiannis doing Giannis things. 28 PTS | 6 REB | 6 AST9:07 AM · Dec 28, 202172695Giannis doing Giannis things. 28 PTS | 6 REB | 6 AST https://t.co/irG8IbeUooAfter being in the league's health and safety protocols, Antetokuonmpo returned last week and got back into his groove. In his one game against the Boston Celtics, Giannis had 36 points, 12 rebounds, five assists and two blocks. He has averaging 27.4 ppg and 11.4 rpg this season. If Giannis and the Bucks can keep this up, he's going to have his case for MVP get louder.