While the rest of the crypto market is moving sideways, two Ethereum-based (ETH-based) altcoins are gaining momentum.
Mask Network (MASK), which aims to bring Web3 features onto social media platforms such as Twitter and Facebook, trades at $3.97 at the time of writing.
The market capitalization of the 119th-ranked crypto asset is up more than 47.5% over the past seven days, and more than 3.3% in the last 24 hours.
Ribbon Finance (RBN), an array of DeFi protocols which aims to make it easier for users to access crypto-structured products is currently trading at 0.265951. The market capitalization of the 178th-ranked crypto asset is up more than 41% over the past week but has fallen by almost 2% in 24 hours.
This week, Mask Network selected This is the first round for the Web3 Social Ecosystem Grant. Each winner will receive 10,000 MASK tokens.
In November, Binance.US opened MASK deposits.
Deposits now open @realMaskNetwork‘s $MASK On #BinanceUS!#MaskNetwork This project aims at connecting Web2 with Web3, allowing users interact with Twitter and Facebook without compromising decentralization.
— Binance.US ?? (@BinanceUS) November 22, 2022
Despite their gains, MASK and RBN are still below 90% from their all-time highs.
Disclaimer: The Daily Hodl opinions are not intended to be used as investment advice. Before making high-risk investments, such as in Bitcoin, cryptocurrency, or other digital assets that could be potentially dangerous, investors should do their research. You are responsible for any losses you might incur and all transfers and trades that you make. The Daily Hodl is not an investment advisor and does not recommend buying or selling any digital assets or cryptocurrencies. The Daily Hodl is an affiliate marketer.
Featured Image: Shutterstock/VAlex/Mingirov Yuriy