Investing.com – The cryptocurrency market has been at half mast for about a week, with the settling below $22,000, losing 5% over the week, and the holding near $1,500, down 7% on 7 days.
However, there are some notable exceptions, with several Top 50 cryptocurrencies managing to post gains against the market trend, thanks to contexts of their own.
Hedera (HBAR): +19% over one week
The cryptocurrency, although down 5% since yesterday, still holds a nearly 20% week-on-week gain as investors got excited about a key partnership with IT giant Dell.
Hedera’s board of directors announced last Tuesday that Dell Technologies has joined its board to help organizations explore distributed ledger technology (DLT).
“As an active member of the Hedera Council and Network, Dell will gain first-hand experience of the possibilities offered by this rising technology by operating its own Hedera node, developing applications on the Hedera Network for highly decentralized mission-critical environments such as edge computing, and openly sharing its results for collective industry learning,” reads the statement announcing the partnership.
Lido DAO (LDO): +17% over one week
The case of is different, as the reasons for the rise are more speculative. Indeed, Lido DAO, the native token of a decentralized crypto staking protocol, is enjoying the prospect of the SEC restricting access to crypto staking in the United States.
However, if it is easy for the SEC to prohibit centralized crypto players such as or Kraken from prohibiting the provision of cryptocurrency staking services, it will be more complicated to prevent American crypto investors from using decentralized services.
Therefore, Lido DAO is anticipating a rush into decentralized crypto staking, should the SEC confirm that it is engaged in a fight against this activity.
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