Cryptocurrencies To Watch: Week of March 6

investopedia.com:

The cryptocurrency market is holding tight at its current ranges. News of crypto bank Silvergate Capital (SI) potentially being investigated by the U.S. Department of Justice and delaying its annual report sent ripples through the market late last week, but may not have a significant impact. On the whole, it was a middling week for crypto.

This week, we examine Maker (MKR), Synthetix (SNX), XDC Network (XDC), ImmutableX (IMX), and EOS (EOS). In selecting these assets, we have considered several factors, including positive technical developments, major news events, and noticeable changes in price.

Maker (MKR) was one of the week’s biggest gainers, thanks to a potentially major development. Maker is a decentralized finance (DeFi) project that provides an ecosystem with various financial products, including its stablecoin, DAI.

There are reports that the MKR governance token—which is used for voting—may soon be allowed to be used to borrow DAI by holders that have delegated their governance power.This news likely pushed the MKR token up by more than 20%. MKR was priced at $768 seven days ago and is now hovering at around $929 (see chart below).

TradingView

Synthetix (SNX) nearly 20%, possibly in response to the news that 22 new crypto tokens had been added to its perpetual futures market.The market allows trading of perpetual crypto futures contracts, which leverage the benefits of decentralized technology.

Synthetix also released Version 3 of its platform in late February, adding more utility and better performance to the platform.The Synthetix protocol allows the issuance of synthetic assets—or tokenized derivatives—on open-source blockchain Ethereum and offers many other derivatives. SNX was priced at $2.62 last week and