- A popular crypto analyst has called Mask Network a viable token approaching a new ATH.
- The call underscores the resilience of the broader crypto ecosystem.
The digital currency ecosystem has been receiving a lot of volatile upheavals since the start of the year. Riding on their robust liquidity and stability, traders and investors in the space are consistently betting on the biggest assets including Bitcoin (BTC), Ethereum (ETH) Solana (SOL), and XRP amongst others.
The Mask Network (MASK) Proposal
However, a popular analyst on Twitter dubbed @SmartContracter has presented a relatively unpopular altcoin, Mask Network (MASK) as a token to watch out for. According to a Twitter thread from Smart Contracter, MASK has presented the signs of an impending upshoot since January.
Got an even stronger push higher on $mask overnight. Fairly confident this daily close is going to be an insane breakout candle, im expecting this to take out the november highs imo,” the analyst said in a January update, adding recently that the token’s “clean 3 wave move down on $mask, overall structure still bullish, new high imminent.
Mask Network is a protocol that allows its users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top. At the time of writing, the token is trading at a price of $3.63, up 4.13% over the past 24 hours.
The relevance of the token has emerged in the growing hype surrounding Twitter as a social media platform. While Mask Network has been around since 2019, its relevance became known around the time when Elon Musk’s purported acquisition deal with Twitter was announced last year.
However, the embrace of the token was masked with the advent of the crypto winter, a trend that has pushed its price down by over 96.30% from its All-Time High (ATH) of $97.92 attained over 2 years ago. While the Mask Network has been growing in popularity over the past few years, Smart Contractor posited that the inclusion of the token in the Binance Twitter index by Changpeng “CZ” Zhao has been a major boost. He said back in January:
Been stalking $mask for months since it had its initial run up in oct when cz added it to binance twitter index, whatever the hell that is. For the first time in 3 months its showing signs of a new uptrend after a 68% decline.
No spam, no lies, only insights. You can unsubscribe at any time.
Broader Industry Expectations
The digital currency ecosystem has been tagged as a very resilient market that has continued to impress investors and policymakers around the world. Despite the Fear, Uncertainty, and Doubt (FUD) that is linked to the ecosystem, crypto assets are always picking up their growth trends without Central Banking support.
Considering this resilience, more altcoins are expected to hit the limelight in the near future. The proposition of Mask Network is one of the inherent trust by one of the most followed analysts on the positive potential of innovative growth tokens in the ecosystem.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Credit: Source link
