Two Ethereum (ETH)-based altcoins are bucking the trend and making gains this week despite the widespread crypto meltdown.

The native token for blockchain technology company Chain (XCN) is surging by more than 30% this week from a low of $0.071 to a high of $0.091.

The 51st-ranked crypto asset by market cap has corrected since and is trading at $0.084 at time of writing.

Deepak Thapliyal, chief executive of Chain, encourages developers who’ve lost their jobs due to current market conditions to apply for jobs at his company.

This week, XCN also became available on Binance Smart Chain, according to Thapliyal.

“XCN is now available on Binance Smart Chain with liquidity incentives on PancakeSwap. Users can bridge their ERC-20 XCN using Huobi or Gateio as well as utilizing the PortalBridge through Wormhole.”

Not to be outdone, FLEX Coin (FLEX), the native token of CoinFLEX, a Hong Kong-based futures exchange platform, jumped over 33% this week from a low of $3.72 to a high of $4.95. The 124th-ranked crypto asset by market cap is trading at $4.82 at time of writing.

On Thursday, CoinFLEX’s stablecoin, flexUSD, surged to a high of $1.09 and then dropped to a low of around $0.93, but the asset has since stabilized to $1.00.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Guguart/Sensvector

American Crypto Association Exclusives!

Bookmark the site and sign up for relevant alerts, trading tips, masternode updates and important news hosted within our exclusive newsletter. Valued at $3,588, we are offering this service free for one year!

Get onboard now!

Exclusive Newsletter!

Sign up for exclusive trading tips, masternode updates and important news hosted within our newsletter!
Terms and Conditions checkbox is required.
Something went wrong. Please check your entries and try again.
Translate »
Scroll to Top