Mask Network’s MASK cost has risen 65% in the previous 24 hrs and is obtaining excellent interest in the neighborhood. Let’s locate out the cause for this pump with Coinlive!
The cryptocurrency marketplace commenced in November with small volatility, as the cost of BTC hovered all over $ twenty,000. Most of the coins fell in the dull side region, with only a number of coins acquiring excellent cost increases. For instance, DOGE rose Dogecoin (DOGE) reached its highest peak given that the LUNA crash thanks to “dad” Elon Musk.
However, the “Elon Musk effect” not only aids to “follow” the cost of DOGE or junk coins, it also influences a different task. This is the Mask Network with the MASK token.
On Binance Exchange, MASK has 65% enhance. in the final 24 hrs. This token cost as soon as peaked at $ four.four when just a day in the past it hovered at $ two.four.
So why pump MASK? And what does it have to do with Elon Musk?
Twitter of the web3
Watch Twitter projectCurrently, Mask Network has no extraordinary updates or developments to announce.
But the task itself issues the web3 social network. Mask Network can be witnessed as a “Twitter for the web3” with extra excellent attributes. The task also published a publish in which it confronted itself with Twitter as follows:
We’ve all heard the information – @Elon Musk took handle of Twitter.
What will the “freed bird” appear like?
Here is a diagram evaluating Twitter’s hard work to create all of the Web3 and some attributes launched by Mask: pic.twitter.com/k01pjEu5kC
– Mask Network (Bridge to Web3 @ Mask.io) (@authenticMaskNetwork) November 2, 2022
It can be witnessed that aspect of the FOMO for MASK comes from the acquisition of Twitter by Elon Musk, when the neighborhood expects to locate “gem” tasks in the course of the social network web3.
Mask = moss
However, this alone is not sufficient for the token to have this kind of a 65% pump. Especially when there are quite a few other tasks that do the very same as Mask.
Here is a extra “fun” cause.
When you search for MASK in the Twitter search box, most of the posts that come out are relevant to Elon Musk. (?!)
Turns out the Twitter search engine imagined you desired to search for “Musk” and misspelled it as “Mask”, so “smart” corrected you!
As you know, the neighborhood is effortless to FOMO. Just on the lookout for Musk like this can be the most effective head “Moss related mask” or a little something like that … This is the coin pump!
“Heaven, Favorable Conditions, Human Harmony” is coming to MASK when Binance just announced its launch BlueBird index together with BNB, DOGE and MASK.
BlueBird implies “blue bird”, the iconic Twitter picture. It can be understood that this indexing act is that Binance would like to get benefit of the reality that the neighborhood is marketing hype with Elon Musk and Twitter to “pull” extra trading volume. So acquiring DOGE in the index is understandable.
How why BNB and MASK?
The addition of MASK along with BNB to an Index relevant to Twitter or extra commonly to social media demonstrates that Binance has higher expectations for the Mask Network task. (Of program, Binance has higher expectations for BNB.)
If you have been on the marketplace for extended sufficient, you need to have to recognize how “Binance is a trend maker”. The reality that men and women understand that this exchange is “apparent favor” with a distinct task, of program, FOMO will rapidly engage.
Furthermore, FTX is not out of the game when it just announced the listing of MASK.
Next listing on FTX: Mask Network $ MASK commercials and perpetual futures!
– FTX (@FTX_official) November 1, 2022
With all the over motives, it is unusual that the cost of MASK does not enhance!
Maybe you are interested: