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MASK Comes Back In Force
After a major bear market in 2022, MASK is back in force. Let's see what comes next!
What is MASK?
Mask Network (MASK) is a protocol that enables users to send encrypted messages over social media platforms.
The project was launched in July 2019 and received $2 million in funding in November 2020 and $3 million in February 2021. The platform offers Gitcoin grant campaign funding through Twitter and plans to introduce peer-to-peer payments and decentralized storage features.
It allows users to access DApps like crypto payments, Decentralized Finance (DeFi), e-commerce, and decentralized organizations over existing social networks, creating a DApplet ecosystem.
MASK's Performance in 2022
MASK was among the cryptocurrencies that were hit hardest in 2022, losing almost 95% of its value in the bear market. The token saw minimal volume and nearly no movements from May to October 2022, which led many to believe that the token was dead.
However, MASK's fortunes changed dramatically in November 2022, when the token's price appreciated an astonishing 440% in only five days. The volume also returned in force, and MASK has been in a volatile uptrend ever since, continuing to make higher lows and higher highs.
Looking Ahead: After reaching a new high a few days ago, MASK is more likely to drop in the short term. The most probable place where that drop will end is the 150 SMA, which currently acts as a mobile support and is priced around $3.30.
