Altcoins struggled to keep pace with Bitcoin’s stellar gains in March, but XRP, XLM, $CFX, $XDC and MASK stood out as profitable outliers.
) as commodities in the filing. Some believe that this classification will extend to XRP as well. Thus, effectively refuting the SEC's claim of XRP being a security. The market's expectation of Ripple winning the case against the SEC pushed XRP's price to new yearly highs.
Notably, the Relative Strength Indicator , which measures the momentum of price moves relative to volume, shows that XRP has reached overbought levels. It raises the possibility of a correction toward the $0.45 level.token benefited primarily due to its strong positive correlation with XRP. The correlation coefficient between XLM and XRP price movement usually stays above 0.7.
The top public blockchains in the XDC ecosystem include Ecoin, Stasis Euro, and Gobiance Exchange. These are relatively lesser-known projects trading on second-tier exchanges like HitBit and BitMart. It paints a dull picture of the project’s ecosystem development with permissionless blockchains. XinFin recently decided to decentralize the governance of the blockchain by forming a DAO. After deployment in May 2023, the community will get to decide on the distribution of ecosystem funds to promote development. A Web3 meetup in Dubai hosted by XDC Network with over 60 developers worldwide also promoted the blockchain's ecosystem growth.
The Mask Network bridges Web2 and Web3, enabling cryptocurrency transactions directly through Web2 websites. On March 9, the token obtained a listing on the BTSE exchange, improving the liquidity and volume of the token. The project was one of the recipients of the ARB airdrop, receiving 257,540 ARB tokens.
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