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.
Ribbon Finance launched New products this week, also rolled out a new initiative: Ribbon VIP, an “elevated level of service and community” for the project’s largest stakeholders.
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.
Get started: https://t.co/6twNXmdGBj pic.twitter.com/y6LALMfgGa
— Binance.US ?? (@BinanceUS) November 22, 2022
Despite their gains, MASK and RBN are still below 90% from their all-time highs.
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Featured Image: Shutterstock/VAlex/Mingirov Yuriy