Two Ethereum-Based Altcoins Surge by Over 40% This Week
This week, two little-known altcoins that are based on Ethereum (ETH) are going up in value while most of the cryptocurrency market stays flat.
At the time of writing, Mask Network (MASK), a project that wants to add Web3 Features to social media sites like Twitter and Facebook, was worth $3.97.
The 119th-ranked crypto asset by market cap has gone up by more than 47.5% in the last week and more than 3% in the last 24 hours.
At the time of writing, Ribbon Finance (RBN), which is a set of DeFi protocols designed to help users access crypto-structured products, was trading at 0.265951. The 178th-ranked crypto asset by market cap has gone up by more than 41% in the last week, but it has gone down by nearly 2% in the last 24 hours.
This week, Ribbon Finance released new products and a new program called Ribbon VIP. Ribbon VIP is a “elevated level of service and community” for the project’s most important stakeholders.
Mask Network chose the first winners of its Web3 Social Ecosystem Grant this week. Each winner will get $10,000 worth of MASK tokens from the program.
Late in November, the US also started accepting deposits for MASK.
Even though they both went up this week, MASK is still more than 90% below its all-time high and RBN is more than 95% below its all-time high.
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