Is Mask Network the next big Crypto?

Highlights 

  • Mask Network is a protocol that allows the users to send encrypted messages over social media platforms, thereby protecting their privacy.
  • Mask Network was trading at $16.23 with a 24-hour trading volume of $ 95,36,72,718 according to CoinMarketCap.

Mask Network (MASK) is primary a blockchain project that gives to its users while interacting online. It’s a protocol that allows the users to send encrypted messages over social media platforms, thereby protecting their privacy. Launched in 2019, it’s a first of a kind coin that acts a bridge between the online world and the decentralised network.

Launched by a Shanghai-based start-up founded by Suji Yan, the users through the MASK software can interact with dApps (decentralised applications) and trade the Non-Fungible Tokens (NFT) over social networks.

Is Mask Network the next big Crypto?

Mask token has been in demand for a month or so now largely due to the DeFi & NFT boom. In fact, the cryptocurrency registered gains of about 154.34% in the last seven days. The token not only gives the investors exposure to the popular trends and gain profit from it.

Mask Network’s market performance

Mask Network is governed by its token MASK and has been doing well on the market on Thursday. Ranked 248 on CoinMarketCap, the Mask Network is trading at US $16.23 with a 24-hour trading volume of US $95,36,72,718. At the time of writing (BST 2:00 pm), MASK was up by 16.01% in the last 24 hours. MASK has a live market cap of US $27,67,43,468. It has a circulating supply of 1,70,49,391 MASK coins with a maximum supply of 10,00,00,000 MASK coins. 

What are the benefits of Mask Network?

The MASK holders are also member of MaskDAO and they possess the ownership of the Mask ecosystem. It gives the user the right to vote on the development of the ecosystem. Mask Network actively engages on various DeFi projects and through the Web3.

With the security as the primary objective, Mask Network gives the freedom to the users to interact with others and as well as send or receive cryptocurrencies using the DApps.

Besides, the Mask Network is also able to offer the peer-to-peer payments and decentralized storage functionality. Because of the DApps feature, it seamlessly allows the users to switch from one application to other without creating a decentralized Applet (DApplet) ecosystem.

Is Mask crypto a good long-term investment?

With the crypto world abuzz with the DeFi and NFT boom, time couldn’t get more perfect for investment in Mask Network. With the Mask Network also offering storage facilities, its expanding ecosystem will definitely boost the demand for the token. One can purchase the trade the token on Coinbase platform

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