{"id":21244,"date":"2023-05-28T14:49:33","date_gmt":"2023-05-28T14:49:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mask-price-spiked10-today-heres-why\/"},"modified":"2023-05-28T14:49:33","modified_gmt":"2023-05-28T14:49:33","slug":"mask-price-spiked10-today-heres-why","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mask-price-spiked10-today-heres-why\/","title":{"rendered":"MASK price spiked10% today: Here&#8217;s why"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685283552025-ea3b187c-fb83-4593-970f-3c067a0b10c7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685283552025-ea3b187c-fb83-4593-970f-3c067a0b10c7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685283552025-ea3b187c-fb83-4593-970f-3c067a0b10c7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685283552025-ea3b187c-fb83-4593-970f-3c067a0b10c7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">MASK price is up by double digits today and 17% this past two weeks.<\/li>\n<li dir=\"ltr\">Most of the gains have come after the team announced it had invested in The Open Network (TON) network.<\/li>\n<li dir=\"ltr\">MASK price remains nearly 90% down from its all-time high of $41.45.<\/li>\n<\/ul>\n<p dir=\"ltr\">Mask Network (MASK), a decentralized social network seeking to bridge Web2 and Web3 apps, has seen its price increase by over 10% in the last 24 hours. The current price of MASK is $4.40.<\/p>\n<p dir=\"ltr\">MASK price is up more than 17% this past two weeks.<\/p>\n<h2 dir=\"ltr\">Why is the price of Mask Network (MASK) up today?<\/h2>\n<p dir=\"ltr\">There seems to have been no particular trigger for MASK price rallying by double-digits today. However, it is likely the project\u2019s recent <a href=\"https:\/\/masknetwork.medium.com\/mask-network-announces-investment-in-the-open-network-ton-to-further-building-in-decentralized-53732383ed\" rel=\"noopener noreferrer\" target=\"_blank\">announcement<\/a> of an investment in The Open Network (TON) continues to boost investor confidence and aiding buying pressure.<\/p>\n<p dir=\"ltr\">Another reason could be the uptick seen today across the broader cryptocurrency market.<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> traded above $27k again after it came close to dipping under $26k earlier in the week. This comes after news the US had struck a deal on its debt ceiling, and with BTC up, it\u2019s likely the sentiment cascaded into small cap <a href=\"https:\/\/coinjournal.net\/news\/tag\/altcoins\/\">altcoins<\/a> like MASK.<\/p>\n<p dir=\"ltr\">At the time of writing, Mask\u2019s daily trading volume is well over $80 million, representing a 148% jump in the past 24 hours. The spike in market activity has seen Mask Network, which is ranked 110 on CoinGecko, hit a market cap of about $354 million.<\/p>\n<h2 dir=\"ltr\">MASK price prediction<\/h2>\n<p dir=\"ltr\">Despite the gains, MASK price remains nearly 90% down from its all-time high of $41.45. The token hit the ATH February 24, 2021.<\/p>\n<p dir=\"ltr\">The current value is however 352% higher than the all-time low of $0.976528, hit on Oct 13, 2022 and today\u2019s gains could, therefore, see traders seek to take profits. While this could happen, some analysts believe that the token is primed for a breakout.<\/p>\n<p dir=\"ltr\">Crypto analyst Captain Faibik says MASK could see a breakout as shown in the chart below <a href=\"https:\/\/twitter.com\/CryptoFaibik\/status\/1662704655753953283\" rel=\"noopener noreferrer\" target=\"_blank\">shared<\/a> on Twitter.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/04\/28\/1685282656556-82a1b836-8f3a-4035-be7b-0d289ca8a3eb.jpg\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"299\"\/><span class=\"fr-inner\">Chart showing the potential price breakout for Mask Network. Courtesy of Captain Faibik on Twitter.<\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">According to the analyst, MASK could surge by more than 60% to more than $7.20. Looking at the chart, it suggests the scenario will likely unfold if price breaks and sustain fresh momemtum above the upper resistance of channel pattern.<\/p>\n<\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/mask-network-mask-price-is-up-10-today-heres-why\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) MASK price is up by double digits today and 17% this past two weeks. Most of the gains have come after the team announced it had invested in The Open Network (TON) network. MASK price remains nearly 90% down from its all-time high [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21244"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21244"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21245"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}