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bitcoin
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binancecoin
BNB (BINANCECOIN)
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pepe
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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
$104,747 2.36%
ethereum
Ethereum (ETHEREUM)
$2,490 2.03%
binancecoin
BNB (BINANCECOIN)
$647.07 1.26%
solana
Solana (SOLANA)
$148.67 1.62%
ripple
XRP (RIPPLE)
$2.17 2.76%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 3.89%
pepe
Pepe (PEPE)
$0.000011 4.72%
bonk
Bonk (BONK)
$0.000015 3.82%
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Mask Network Price Surges 24% as It Strengthens Its Position in Web3 with the Acquisition of Orb

Highlights:

  • The price of Mask Network has surged 24% to $3.27, with a 69% increase in the past week and a 231% rise in the past month.
  • Its trading volume has skyrocketed by 194%, reaching $1.24 billion, indicating strong investor confidence.
  • Mask Network acquired Orb, the biggest social app on Lens Chain, expanding its authority in decentralized social platforms.

The Mask Network price has spiked over 24% to $3.27, as strong bullish momentum builds around the crypto market. Its daily trading volume has soared 194%, indicating intense market activity and heightened confidence from investors. MASK now boasts about a 69% rise in the past week and a splendid 231% rise in the past month. 

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Mask Network Acquires Orb and Expands Its Ecosystem

The purchase of Orb, the Lens Chain’s biggest social app, by Mask Network has shaped the company’s path to growth in a significant way. By doing this, Mask increases its authority in the world of decentralized social platforms and helps its users get more benefits. Orb will encourage many users to take advantage of Mask Network’s creative products.

The move to buy is often in line with Mask Network’s plans to make use of Web3 social media by making user-controlled and decentralized applications. With Orb, UserNube adds distinctive features that help fill the gap between mainstream and decentralized social networking. By doing this, Mask Network is showing its control over the industry and commitment to devoting more efforts to improving decentralized systems, which might lead to more implementations ahead.

Impressive Market Performance and Transaction Growth

There has been a remarkable improvement in the value of Mask Network (MASK) tokens, as the price went up by over 24% in the past 24 hours. The Mask Network price has flipped above the 50-day and 200-day MA, tilting the odds towards the bulls. Moreover, the MASK derivatives data indicate a positive outlook according to CoinGlass data.

MASK Derivatives Data. Source: CoinGlass

The Mask Network trades have gone up by more than 222%, reaching a total of $1.24 billion, showing people are interested in this token. More people are joining Web3 and DeFi projects because there is higher trading activity. Moreover, the open interest is up by 73%, showing most investors are still positive about Mask Network’s prospects.

Technical Indicators and Future Outlook for Mask Network

At the moment, Mask Network appears to be showing strong bullish signals based on its daily charts. Currently, MASK is considered overbought because the RSI stands at 79.85, but there may still be some upside left. However, raiders need to be cautious to evade the bull trap. The fact that MACD is indicating upward momentum means there may be more increases in the market ahead.

Mask Network price
MASK/USD 1-day chart: TradingView

If current investor support continues for Mask Network, it has a chance to move beyond $3.28 and reach levels of $4.00 or $4.79. On the other hand, in case of a pullback, Mask Network price could retrace to $3.04 and $2.80 support zones. If more people use decentralized applications (DApps) and Mask Network’s ecosystem grows, the bullish outlook could develop further.

With Orb’s acquisition and encouraging trading figures, Mask Network is positioned to become a leader in the Web3 field. Based on solid technical signs and a bigger user base, MASK is preparing for more achievements in the decentralized finance sector.

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