Why is the cryptocurrency MASK Network (MASK) rising?
📈 The token $MASK has increased by 60% over the week, outperforming the market. What are the reasons for the surge?
Mask Network integrates Web3 into social networks:
→ Anonymous payments and post encryption.
→ Access to dApps without switching to other platforms.
The idea of "decentralized social networks" has become a trend, and Mask Network is among the main beneficiaries.
3 reasons for growth:
1️⃣ Partnership with Bluesky — a decentralized platform by Jack Dorsey (former CEO of Twitter). This has strengthened investor confidence.
2️⃣ Listings on Binance and Coinbase — increased the token's accessibility.
3️⃣ Launch of Mask 2.0 — an update with support for NFTs and cross-chain transactions.
⚠️ Cons:
– Volatility: sharp fluctuations even on positive news.
– Dependence on social networks: integration bans pose a threat to the project.
✅ Pros:
– Uniqueness: Mask Network is a pioneer in the Web3 integration niche.
– Trend towards decentralization: forecasts suggest that by 2025, 30% of social networks will implement blockchain.
Is it worth buying MASK?
The token is suitable for high-risk investments. The growth is partly speculative, but the trend towards Web3 is strengthening. Experts advise:
→ Study the project's adoption and the team's plans.
→ Do not invest more than you are willing to lose.
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