While the rest of the crypto market is moving sideways, two Ethereum-based ( and ETH_) altcoins are gaining momentum.
Mask Network ( MASK), which is a project that brings Web3 features to 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), which is a set of DeFi protocols designed to allow users to access crypto-structured products and services, trades at 0.265951 as of this writing. The market capitalization of the 178th-ranked crypto asset is up more than 41% over the past week but has fallen by almost 2% over the past 24 hours.
Ribbon Finance, which launched a new product this week, also introduced a new initiative: Ribbon VIP. This is an “elevated degree of service and community” program for the largest stakeholders in the project.
Mask Network has selected the first round of recipients for its Web3 Social Ecosystem Grant. Each winner will receive $10,000 worth of MASK tokens.
In November, Binance US opened MASK deposits.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
