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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 grow to be an necessary a part of the web right now. It has grow to be one of many greatest sources on this planet that powers firms like TikTok and Google.
Mask Network is a blockchain platform that seeks to change how folks deal with their information. It is an encryption platform that works by 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 buyers 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 mentioned that FTX was not a market maker for the coin. It made the announcement in a bid to guarantee buyers that it had no important publicity to the failed firm.
In the previous few days, many cash that Alameda held have all crashed laborious as buyers anticipate that the corporate will liquidate them. They embody cash like Near Protocol, Solana, and FTX Token. Therefore, this clarification is probably going the principle purpose why Mask is doing nicely.
Mask Network price forecast
The four-hour chart exhibits that the MASK price has been in a robust bearish development 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 necessary since it was its highest level on October thirtieth.
Mask Network has additionally fallen under the 25-day and 50-day shifting averages whereas the Stochastic Oscillator has moved shut to the impartial level. Therefore, there’s a probability that the coin will resume the bearish development amid the rising contagion threat. If this occurs, the following key help degree to watch will likely be at $2.15.
How to purchase Mask Network
Binance
Binance is likely one of the largest cryptocurrency exchanges on this planet. It is healthier suited to extra skilled buyers and it gives a lot of 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, reminiscent of; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
KuCoin
Kucoin is a cryptocurrency change which gives over 200 cryptocurrencies.
Kucoin has a variety of providers, reminiscent of; a built-in peer-to-peer change, spot and margin buying and selling, financial institution degree safety and a variety of accepted cost strategies.
Users can profit from a beginner-friendly interface and comparatively low charges.
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