- MASK worth is up by double digits right now and 17% this previous two weeks.
- A lot of the features have come after the staff introduced it had invested in The Open Community (TON) community.
- MASK worth stays almost 90% down from its all-time excessive of $41.45.
Masks Community (MASK), a decentralized social community looking for to bridge Web2 and Web3 apps, has seen its worth improve by over 10% within the final 24 hours. The present worth of MASK is $4.40.
MASK worth is up greater than 17% this previous two weeks.
Why is the value of Masks Community (MASK) up right now?
There appears to have been no specific set off for MASK worth rallying by double-digits right now. Nevertheless, it’s possible the undertaking’s current announcement of an funding in The Open Community (TON) continues to spice up investor confidence and aiding shopping for strain.
Another excuse may very well be the uptick seen right now throughout the broader cryptocurrency market.
Bitcoin worth traded above $27k once more after it got here near dipping below $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 possible the sentiment cascaded into small cap altcoins like MASK.
On the time of writing, Masks’s every day buying and selling quantity is nicely over $80 million, representing a 148% leap prior to now 24 hours. The spike in market exercise has seen Masks Community, which is ranked 110 on CoinGecko, hit a market cap of about $354 million.
MASK worth prediction
Regardless of the features, MASK worth 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% larger than the all-time low of $0.976528, hit on Oct 13, 2022 and right now’s features might, due to this fact, see merchants search to take income. Whereas this might occur, some analysts imagine that the token is primed for a breakout.
Crypto analyst Captain Faibik says MASK might see a breakout as proven within the chart under shared on Twitter.
Chart displaying the potential worth breakout for Masks Community. Courtesy of Captain Faibik on Twitter.
In accordance with the analyst, MASK might surge by greater than 60% to greater than $7.20. Trying on the chart, it suggests the state of affairs will possible unfold if worth breaks and maintain contemporary momemtum above the higher resistance of channel sample.
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