What is Mask Network, and why is its token surging?

The mask network, a protocol that claims to be a portal to the new open internet, has been making headlines this week. its native token, mask, has a parabolic motion. In just two days, MASK’s price has more than doubled his. The token started at $2.30 on November 2nd and hit a high of $5.90 on Thursday. MASK has recovered from lows just above $1 and has been on a bullish run for the past week.

Mask Network aims to bring privacy and Web3 features to social media such as Twitter and Facebook. The web3 platform enables privacy by encrypting messages disseminated through social media platforms. The network aims to do this through an open source browser extension. Musk also enables other his Web3 fields such as NFT and DeFi.

MASK, the native token, has surged following Elon Musk’s acquisition of Twitter as it opens up more potential use cases. The token will initially support the governance of Mask Network. Recently, Binance announced the launch of the Bluebird Index.

mask is one Cryptocurrency It is included in the index alongside BNB and DOGE. The move has sparked investor interest in his MASK, which could be the core of Twitter’s payments. This follows a newfound bond between Binance and Musk after they became investors in the Twitter acquisition. However, the technical outlook shows that MASK is overbought and facing resistance.

MASK Meets Resistance After Recent Rise

Source TradingView

Our weekly technical outlook shows that MASK has established resistance at $5.9. After meeting the Resistance, the cryptocurrency has undergone a slight correction. An RSI reading of 70 suggests the token is overbought, but the cryptocurrency has broken above its 20-day and his 50-day moving averages. Breaks above the latter may be invalid if MASK closes below.

Should I buy MASK?

The idea of using MASK as one of Twitter’s payment methods may continue to boost cryptocurrencies. A correction is likely, and investors may consider price cuts. Alternatively, investors should buy when MASK breaks through resistance.

where to buy masks

binance

Binance is one of the largest cryptocurrency exchanges in the world. Suitable for more experienced investors, with over 600 cryptocurrencies to choose from. Binance is also known for its low transaction fees and multiple trading options that users can benefit from. Peer-to-peer trading, margin trading, spot trading.

Buy MASK now on Binance

Kucoin

Kucoin is a cryptocurrency exchange that offers over 200 cryptocurrencies. Kucoin has a wide range of services including: Built-in peer-to-peer exchanges, spot and margin trading, bank-level security, and a variety of payment methods are available. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy MASK now with KuCoin