Mask Network price defies gravity. Is it safe to buy?

Mask Network prices defy gravity on Thursday Cryptocurrency recoiled. The token is trading at $3, about 35% above the week’s lows. This recovery has pushed his market capitalization to over $86 million.

What is Mask Network?

Today, data has become an important part of the Internet. He has become one of the world’s largest resources that power companies like TikTok and Google.

Mask Network is a blockchain platform that seeks to change the way people process data. This is a crypto platform that works via a browser application.

Users simply download the app, install it, and run it. For example, you can easily send encrypted Twitter messages by installing Mask Network. Other things you can do are save files, check NFT avatars, and do private shopping.

MASK Crypto Price Recovered As Investors Reacted To Its Exposure Alameda and FTX crisis. In a statement, the developer confirmed that Alameda Research has invested in the company. The company has a series A round in which he invested $50,000. As such, Alameda holds less than 500 million of his MASK tokens.

Additionally, the developer said FTX is not a market maker for the coin. We are making this announcement to assure investors that we have not materially impacted the failed company.

Over the past few days, a number of coins held by Alameda have all tumbled violently as investors expect the company to liquidate. Includes coins such as Near Protocol, Solana and FTX Token. So this clarification may be the main reason why masks are doing so well.

Mask network price prediction

The 4-hour chart shows that MASK price is in a strong bearish trend while the collapse of FTX and its ecosystem continues. It is currently trading at $3, surpassing the week’s low of $2.20. The current price is important because it was the highest price on October 30th.

The mask network has also broken below the 25- and 50-day moving averages and the Stochastic is nearing its neutral point. Therefore, the coin may return to a bearish trend amid rising contagion risk. If this happens, the next important support level to watch will be $2.15.

How to buy Mask Network

binance

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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.

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