MASK Coin Price is on Strong Support; Will The Bulls Prevail?

There is a lesser-known cryptocurrency that has caught the attention of Crypto enthusiasts, which rhymes with a well-known tech billionaire’s name.

Users of Mask Network have many reasons to use this social media add-on. The protocol provides its users with access to a wide range of features and benefits. It allows users of popular social media platforms to send cryptocurrency directly between accounts, which is a significant achievement for the crypto community.

Send Cryptos Through Social Media- MASK

For years, leading social media companies and blockchain startups have been trying to create a way to send cryptocurrency through social media. Thus, making cryptos more accessible and straightforward. 

However, there has been a lot of regulatory pushback. In the past, regulators have expressed their dislike for social media-powered cryptocurrency projects, such as Facebook’s Libra Coin. Mask has found a unique way to integrate its protocol into the larger network without raising regulatory concerns.

Mask Network has simplified the entire process by eliminating all technical barriers. Anyone can send value across the world in seconds directly through their social media channels using MASK.

What is the Initial Twitter Offering 

The concept of the Initial Twitter Offering is novel, but it has vast potential. Musk intends to enable startups to conduct token launches on Twitter. Imagine scrolling through the Twitter feed and discovering a project that piques a user’s interest. Users can now participate in the token launch event by simply clicking a few buttons. Mask Network also offers a user-friendly interface for utilizing various Web3 apps. It allows users to exchange assets using Uniswap and SushiSwap without leaving Twitter.

For startups, the prospect of gaining social media exposure and accepting funds from all interested parties is a significant improvement over ICOs. 

Furthermore, hosting an ITO is much less expensive than hosting an ICO since there is no centralized exchange to pay for listings. Additionally, this method provides projects with immediate access to liquidity.

Technical Analysis and MASK Coin Price Prediction

At the press time, the MASK coin price is trying to take support from its 50-day EMA, which is at $3.54. The immediate support level is $3.42 and the EMAs are on the same level and it shows the support is strong. 

On the other hand, the RSI has just spiked from an oversold level of 70, following the surge in MASK price two days ago. After the present scenario, the price prediction will be bullish as long as the current support is intact.

Conclusion

Mask Network has integrated its protocol into the larger network without regulatory concerns and offers a user-friendly interface for utilizing various Web3 apps. The MASK coin price currently seeks support from its 50-day EMA at $3.54. MASK coin price prediction will be bullish as long as the current support holds.

Technical Levels

• Support Levels: $3.42 and $2.44
• Resistance Levels: $4.77 and $5.97

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.