Masternode Coins Surge Tuesday Led by ZCoin (XZC)


Masternode coins have taken an absolute beating in the latest crypto bear market. What was once a heralded form of passive income quickly drove down prices as node holders dumped rewards onto the market.

This can be best be seen in the performance of the AltDex Masternode Index (ALTMSN),  a benchmark index for the altcoin category, which is down over 63% since launching last August.

However, things appear to be turning around for masternode coins, as the index is now up over 10% on the day and 40% in the past month.

AltDex Masternode Index (AltDex)

Today’s rally has been led by Dash (DASH), now up 10.5%, VeChain (VET), up 17.5%, and ZCoin (XZC), up 25.7%.

ALTMSN top-5 constituents (AltDex)
More: AltDex Masternode Index

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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