Mask Network price defied gravity on Thursday at the same time as different cryptocurrencies recoiled. The token was buying and selling at $3, which was about 35% above the bottom degree this week. This rebound has introduced its complete market cap to greater than $86 million.
What is Mask Network?
Data has turn into an essential a part of the web in the present day. It has turn into one of many largest assets on the planet that powers firms like TikTok and Google.
Mask Network is a blockchain platform that seeks to change how folks deal with their knowledge. It is an encryption platform that works by way of its browser functions.
Users simply want to obtain and set up the app after which run it. For instance, with the Mask Network put in, one can simply ship encrypted Twitter messages. Other issues that may one can do are to save information, confirm NFT avatars, and store privately.
MASK crypto price recovered as traders reacted to its publicity to Alameda and FTX disaster. In an announcement, the builders accepted that Alameda Research had invested within the firm. The agency invested $50,000 in its Series A spherical. As such, Alameda holds lower than 500 million value of the MASK token.
In addition, the builders stated that FTX was not a market maker for the coin. It made the announcement in a bid to guarantee traders that it had no vital publicity to the failed firm.
In the previous few days, many cash that Alameda held have all crashed arduous as traders anticipate that the corporate will liquidate them. They embrace cash like Near Protocol, Solana, and FTX Token. Therefore, this clarification is probably going the primary purpose why Mask is doing nicely.
Mask Network price forecast
The four-hour chart exhibits that the MASK price has been in a powerful bearish pattern through the ongoing crash of FTX and its ecosystem. It is now buying and selling at $3, which is above this week’s low of $2.20. The present price is essential since it was its highest level on October thirtieth.
Mask Network has additionally fallen beneath the 25-day and 50-day shifting averages whereas the Stochastic Oscillator has moved shut to the impartial level. Therefore, there’s a chance that the coin will resume the bearish pattern amid the rising contagion danger. If this occurs, the subsequent key help degree to watch will likely be at $2.15.
How to purchase Mask Network
Binance
Binance is among the largest cryptocurrency exchanges on the planet. It is best suited to extra skilled traders and it provides numerous cryptocurrencies to select from, at over 600.
Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, akin to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
KuCoin
Kucoin is a cryptocurrency change which provides over 200 cryptocurrencies.
Kucoin has a variety of companies, akin to; a built-in peer-to-peer change, spot and margin buying and selling, financial institution degree safety and a variety of accepted fee strategies.
Users can profit from a beginner-friendly interface and comparatively low charges.
