The mask price has increased by 10 % today: here is the reason
The mask price has increased by 10 % today: here is the reason
- The Mask Prize has been double-digit today and has increased by 17 % in the past two weeks.
- Most profits were achieved after the team announced that it had invested in the network The Open Network (sound).
- The mask price remains almost 90 % below its all-time high of $ 41.45
Mask Network (Mask), a decentralized social network that is supposed to connect Web2 and Web3 apps, have had a price increase of over 10 %over the past 24 hours. The current price for mask is $ 4.40
The mask price has increased by more than 17 % in the past two weeks.
Why did the price of mask network (mask) increase today?
There seems to have not been a special trigger for the fact that the MASK price has increased in the double-digit range today. However, it is probably a new project An investment in the open network (sound) further strengthens the trust of the investor and increases the purchase pressure.
Another reason could be the upswing that can be observed today on the wider cryptocurrency market.
The Bitcoin price was again traded over $ 27,000 after it had fallen almost under $ 26,000 in the beginning of the week. This happened after it became known that the United States had reached an agreement on its debt ceiling, and given the increase in BTC, it is likely that the mood on small cap-alcohols such as mask has expanded.
At the time of writing, the daily trade volume of mask is well over $ 80 million, which corresponds to an increase of 148 % in the last 24 hours. The increase in market activity has led to Mask Network, which is in number 110 on Coingecko, a market capitalization of around $ 354 million.
Mask price forecast
Despite the growth, the mask price remains almost 90 % below its all-time high of $ 41.45. The token reached the ATH.
on February 24, 2021The current value is 352 % above the all -time low of $ 0.976528, which was achieved on October 13, 2022, and today's profits could therefore lead to dealers try to take profits with them. Although this could happen, some analysts believe that the token is prepared for an outbreak.
The crypto analyst Captain Faibik says that mask could experience an outbreak, as shown in the following graphic divided
Diagram, which shows the possible outbreak for Mask Network. With the kind permission of Captain Faibik on Twitter.
according to the analyst mask could increase by more than 60 % to over $ 7.20. A look at the graphic indicates that the scenario will probably develop when the price breaks through and maintains a new dynamic above the upper resistance of the channel pattern.
Source: Coinlist.me
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