Mask Network is a protocol that connects the traditional internet (Web 2.0) and the decentralized network (Web 3.0). It enables users to send encrypted messages, interact with decentralized applications (DApps), and share files in a decentralized way.
Initially, Mask Network was launched in July 2019 to allow users to encrypt posts on various platforms.
However, its functionality has expanded to include support for Gitcoin grant campaigns directly from multiple platforms, peer-to-peer payments, and decentralized storage functionality. The objective of Mask Network is to create a decentralized Applet (DApplet) ecosystem over existing platforms without requiring migration.
Current Price of Mask Network
The current price of Mask Network is US$4.58, and the trading volume in the last 24 hours is $234.81 million. The price has decreased by -2.64% during the previous 24 hours. It is -12.37% lower than its 7-day all-time high of $5.23 and 11.31% higher than its 7-day all-time low of $4.11.
The total circulating supply of MASK is 96.03 million, with a maximum supply of 100 million.
Mask Network (MASK) has had the highest price of $41.45, recorded on February 24, 2021, about three years ago.
On the other hand, Mask Network (MASK) had the lowest price of $0.9765, recorded on October 13, 2022, over a year ago. Currently, the price is 381.60% higher than the all-time low price.
Technical analysis of MASK
In technical analysis, the symmetrical triangle typically signifies a period of consolidation before the price breaks out. The direction of the breakout is generally considered uncertain and can be either upwards or downwards. However, an upward breakout is anticipated in this chart, as indicated by the arrow at the rightmost part.
The chart also shows the current price of MASK as $4.839 and indicates the remaining time until the end of the current weekly period as five days and 11 hours.
The dotted line horizontally across the chart could represent a level of support or resistance that has been significant in the past. The breakout arrow suggests that the creator of this chart predicts that the price will rise sharply after breaking through the symmetrical triangle pattern.
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Price prediction
Based on technical analysis, the price of Mask Network in 2024 is predicted to have a minimum value of $1.47 and a maximum value of $5.68. The average trading price is estimated to be around $9.89. This means that there is a potential 18.8% return on investment.
In March 2024, experts project that the average value of MASK will be $9.92 based on the price fluctuations at the start of 2023. The minimum and maximum predicted prices are $9.46 and $10.38, respectively.
Event
Conclusion
The predicted prices for Mask Network in 2024 suggest that there may be a good opportunity to buy, with estimated values ranging from $1.47 to $5.68. The current price is $4.58 and the market is showing signs of an upward trend, which could mean that prices will increase.
Regarding the upcoming events, it is worth mentioning that Mask Network is constantly evolving, as evidenced by their recent update on Twitter. In general, Mask Network provides a distinctive solution for combining Web 3.0 features into current platforms, which could promote a more secure and decentralised online environment.