Cryptocurrencies To Watch: Week of June 5

investopedia.com:

The cryptocurrency market has oscillated between support and resistance levels in the past few months. While it appears that Bitcoin now can consistently remain above $20,000, the market’s biggest asset has had trouble breaking past the $30,000 mark.However, other crypto assets are showing consistent growth over the past few weeks.

This week, we examine XRP (XRP), The Sandbox (SAND), XDC Network (XDC), and Lido (LDO). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price. Terra Classic (LUNC) was the largest gainer by percentage last week but was removed because it is worth much less than 1 cent.

XRP is a major crypto coin that has been beleaguered by a late 2020 suit against the Ripple project by the U.S. Securities and Exchange Commission (SEC) that alleges that the sale of its XRP token represents an unregistered securities offering. However, in the last few months, the crypto community has become increasingly optimistic that Ripple will win the legal battle, and the token has risen. Last week, that rise was more than 11%.

The advance comes ahead of the expected June 13 unsealing of pertinent internal SEC messages, called the Hinman documents, that are related to a 2018 speech given by former SEC Corporation Finance Division Director William Hinman in which he reportedly stated that Ether, the native token of the Ethereum blockchain, isn't a security.Release of the documents may swing the case in Ripple’s favor and support the idea that cryptocurrencies can transition from securities to commodities once they become sufficiently decentralized.

Meanwhile, Ripple has managed to raise more than $2 billion in