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- MASK worth is up by double digits in the present day and 17% this previous two weeks.
- Many of the beneficial properties have come after the group introduced it had invested in The Open Community (TON) community.
- MASK worth stays practically 90% down from its all-time excessive of $41.45.
Masks Community (MASK), a decentralized social community looking for to bridge Web2 and Web3 apps, has seen its worth improve by over 10% within the final 24 hours. The present worth of MASK is $4.40.
MASK worth is up greater than 17% this previous two weeks.
Why is the value of Masks Community (MASK) up in the present day?
There appears to have been no specific set off for MASK worth rallying by double-digits in the present day. Nonetheless, it’s possible the venture’s current announcement of an funding in The Open Community (TON) continues to spice up investor confidence and aiding shopping for strain.
Another excuse may very well be the uptick seen in the present day throughout the broader cryptocurrency market.
Bitcoin worth traded above $27k once more after it got here near dipping below $26k earlier within the week. This comes after information the US had struck a deal on its debt ceiling, and with BTC up, it’s possible the sentiment cascaded into small cap altcoins like MASK.
On the time of writing, Masks’s day by day buying and selling quantity is nicely over $80 million, representing a 148% soar up to now 24 hours. The spike in market exercise has seen Masks Community, which is ranked 110 on CoinGecko, hit a market cap of about $354 million.
MASK worth prediction
Regardless of the beneficial properties, MASK worth stays practically 90% down from its all-time excessive of $41.45. The token hit the ATH February 24, 2021.
The present worth is nevertheless 352% larger than the all-time low of $0.976528, hit on Oct 13, 2022 and in the present day’s beneficial properties may, subsequently, see merchants search to take income. Whereas this might occur, some analysts imagine that the token is primed for a breakout.
Crypto analyst Captain Faibik says MASK may see a breakout as proven within the chart beneath shared on Twitter.
Chart exhibiting the potential worth breakout for Masks Community. Courtesy of Captain Faibik on Twitter.
In keeping with the analyst, MASK may surge by greater than 60% to greater than $7.20. Trying on the chart, it suggests the situation will possible unfold if worth breaks and maintain contemporary momemtum above the higher resistance of channel sample.