The post MASK Price Surges By Nearly 450% in a Week Amidst Twitter Integration Rumors appeared first on Coinpedia Fintech News
The announcement regarding the potential addition of crypto tokens to Twitter is eagerly awaited by the cryptocurrency world.
After Tesla CEO Elon Musk acquired Twitter and ousted its CEO, Parag Agrawal, Dogecoin’s (DOGE) price rose by over 130% in a single week.
According to Coinmarketcap data, the rise enabled the meme currency to recover its losses going from $0.2878 on October 31, 2021, to $0.1009 on October 29, 2022. To add fuel to fire, the CEO of Binance “CZ” also hinted at the possible acceptance of the BNB token on Twitter.
Binance additionally disclosed the introduction of USDⓈ-M Binance Bluebird Index perpetual contracts (BLUEBIRDUSDT Perpetual Contracts).
The Binance Bluebird Index, a cryptocurrency price index first released in November 2022 and keeps track of BNB, DOGE, and MASK.
The weighted averages of the tokens’ present USDT prices on the Binance Spot market are used in a formula to calculate the Index.
The BNB, Dogecoin (DOGE), and Mask coins are all included in the cryptocurrency price index, and market participants anticipate that these will be the tokens of choice for Twitter.
Moreover, FTX stated that it would list spot and perpetual futures for Mask Network (MASK). Following Binance and FTX, OKX and Bybit have also announced listing MASK on their exchange platforms. Other cryptocurrency exchanges, including MoonXBT, CoinEx, and XT, have jumped in to list MASK too.
Users can send bitcoins and add privacy features from Web3 to social media sites like Facebook and Twitter by using the Mask Network.
A Massive Price Surge
The Mask Network attracted a lot of attention because its pricing increased by approximately 450% in a single week. The MASK price was trading at $0.1 a week ago; today, it is trading at over $5.5.
Currently, the MASK price is $5.63, up more than 50% from the previous day. The trade volume also increased by nearly 85% in a single day.
These are, however, only speculative, and investing without due diligence may be dangerous. Thorough research must be done before investing.