Mask Network (MASK) price is up 10% today: Here’s why

  • MASK price is up by double digits right this moment and 17% this previous two weeks.
  • A lot of the features have come after the workforce introduced it had invested in The Open Network (TON) community.
  • MASK price stays almost 90% down from its all-time excessive of $41.45.

Mask Network (MASK), a decentralized social community searching for to bridge Web2 and Web3 apps, has seen its price enhance by over 10% within the final 24 hours. The present price of MASK is $4.40.

MASK price is up greater than 17% this previous two weeks.

Why is the price of Mask Network (MASK) up right this moment?

There appears to have been no specific set off for MASK price rallying by double-digits right this moment. Nonetheless, it is probably the venture’s current announcement of an funding in The Open Network (TON) continues to spice up investor confidence and aiding shopping for stress.

Another excuse might be the uptick seen right this moment throughout the broader cryptocurrency market.

Bitcoin price traded above $27k once more after it got here near dipping beneath $26k earlier within the week. This comes after information the US had struck a deal on its debt ceiling, and with BTC up, it’s probably the sentiment cascaded into small cap altcoins like MASK.

On the time of writing, Mask’s day by day buying and selling quantity is effectively over $80 million, representing a 148% bounce previously 24 hours. The spike in market exercise has seen Mask Network, which is ranked 110 on CoinGecko, hit a market cap of about $354 million.

MASK price prediction

Regardless of the features, MASK price stays almost 90% down from its all-time excessive of $41.45. The token hit the ATH February 24, 2021.

The present worth is nevertheless 352% greater than the all-time low of $0.976528, hit on Oct 13, 2022 and right this moment’s features may, due to this fact, see merchants search to take earnings. Whereas this might occur, some analysts imagine that the token is primed for a breakout.

Crypto analyst Captain Faibik says MASK may see a breakout as proven within the chart beneath shared on Twitter.

Chart displaying the potential price breakout for Mask Network. Courtesy of Captain Faibik on Twitter.

In line with the analyst, MASK may surge by greater than 60% to greater than $7.20. Trying on the chart, it suggests the state of affairs will probably unfold if price breaks and maintain contemporary momemtum above the higher resistance of channel sample.

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