Two under-the-radar, Ethereum-based (ETH) altcoins are surging this week while much of the crypto market tracks sideways.
Mask Network (MASK), a project that aims to bring Web3 features to social media platforms like Twitter and Facebook, is trading at $3.97 at time of writing.
The 119th-ranked crypto asset by market cap is up by more than 47.5% in the past seven days and more than 3% in the past 24 hours.
Ribbon Finance (RBN), a suite of DeFi protocols that aims to help users access crypto-structured products, is trading at 0.265951 at time of writing. The 178th-ranked crypto asset by market cap is up by more than 41% in the past week, but down by nearly 2% in the past 24 hours.
This week, Mask Network selected the first round of winners for its Web3 Social Ecosystem Grant. The program will provide $10,000 worth of MASK tokens to each of the winners.
Binance.US also opened deposits for MASK in late November.
Deposits are now open for @realMaskNetwork's $MASK on #BinanceUS!#MaskNetwork aims to connect Web2 with Web3, allowing users to interact with Twitter, Facebook and other social media platforms without sacrificing decentralization.
— Binance.US ?? (@BinanceUS) November 22, 2022
Despite their gains this week, MASK remains more than 90% down from its all-time high while RBN is more than 95% down from its all-time high.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Featured Image: Shutterstock/VAlex/Mingirov Yuriy