- MASK value is up double digits right this moment and 17% up to now two weeks.
- Many of the positive aspects got here after the group introduced it had invested in The Open Community (TON).
- MASK value 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 functions, has seen its value enhance by greater than 10% up to now 24 hours. MASK’s present value is $4.40.
The value of MASK is up over 17% up to now two weeks.
Why is the value of Masks Community (MASK) up right this moment?
There doesn’t seem to have been any explicit set off for MASK’s double-digit value rally right this moment. Nonetheless, the undertaking’s current announcement of an funding in The Open Community (TON) is prone to proceed to spice up investor confidence and gasoline shopping for strain.
Another excuse could possibly be the rise seen right this moment within the broader cryptocurrency market.
Bitcoin value as soon as once more traded above $27,000 after almost dropping under $26,000 earlier within the week. This comes after the US reached an settlement on its debt ceiling, and with BTC rising, it’s probably that the sentiment has trickled right down to small-cap altcoins like MASK.
On the time of writing, Masks’s each day buying and selling quantity is nicely over $80 million, which is a 148% leap within the final 24 hours. The spike in market exercise noticed Masks Community, which is ranked 110 on CoinGecko, attain a market capitalization of round $354 million.
MASK Worth Prediction
Regardless of the positive aspects, MASK value stays almost 90% down from its all-time excessive of $41.45. The token hit the ATH on February 24, 2021.
The present worth, nevertheless, is 352% above the all-time low of $0.976528, hit on October 13, 2022 and so right this moment’s positive aspects may see merchants trying to take earnings. Though it may occur, some analysts consider the token is primed for a breakout.
Crypto analyst Captain Faibik says MASK may see a breakout as proven within the chart under share on Twitter.
Graph exhibiting the potential value breakdown for Masks Community. Courtesy of Captain Faibik on Twitter.
Based on the analyst, MASK may leap greater than 60% to above $7.20. Trying on the chart, this implies that the situation will probably unfold if costs break and keep additional momentum above the higher resistance of the channel sample.
