- The value of MASK is up by double digits immediately and 17% over the previous two weeks.
- Many of the positive aspects got here after the staff introduced that they had invested in The Open Community (TON).
- MASK stays nearly 90% off its all-time excessive of $41.45.
Masks Community (MASK), a decentralized social community that goals to attach Web2 and Web3 purposes, has gained greater than 10% in worth over the previous 24 hours. The present worth of MASK is $4.40.
The value of MASK has risen by greater than 17% within the final two weeks.
Why is the value of Moscow Community (MASK) rising immediately?
It appears that evidently there was no particular double-digit worth improve in MASK immediately. Nevertheless, the mission’s current announcement of funding in The Open Community (TON) is prone to proceed to spice up investor confidence and improve shopping for stress.
One more reason might be the uptick within the broader crypto market immediately.
Bitcoin is again above $27,000 after practically falling under $26,000 earlier within the week. This follows the information that the US has reached an settlement on its debt ceiling, and with the rise in BTC, sentiment is prone to have shifted to small-cap altcoins resembling MASK.
On the time of writing, Moscow’s day buying and selling quantity is nicely over $80 million, a 148% leap over the previous 24 hours. As a result of surge in market exercise, Masks Community, which is ranked a hundred and tenth on CoinGecko, has a market cap of round 354 million.
MASK worth prediction
Regardless of the positive aspects, MASK stays practically 90% off its all-time excessive of $41.45. The token reached ATH in 2021. February 24
Nevertheless, the present worth is 352% larger than the all-time low of $0.976528 reached in 2022. on October 13, so immediately’s positive aspects might be merchants trying to take income. Whereas this will occur, some analysts consider the token is poised for a breakout.
Crypto analyst Captain Faibik says that MASK might even see a breakout as proven within the chart under shared on Twitter.
A chart displaying the potential worth distinction for Masks Community. Courtesy of Captain Faibik’s Twitter.
In accordance with the analyst, MASK may rise greater than 60% to greater than $7.20. Wanting on the chart, it may be assumed that the state of affairs is more than likely to play out if the value breaks and stays up to date above the resistance of the higher channel sample.
