Mask Network crypto has a bright future. I think that we are looking at a potentially $50 target price. Let’s see the reasons why together.
Mask Network Crypto Analysis
Mask Network is a fascinating project. This is effectively the layer on top of the internet that connects to the decentralized Network that was built on top of it.
Their premise is a really interesting one and could relate to all social media users, so I believe there is money to be made here.
Current MASK price
Mask network is currently priced $3.46. When it launched, it went to an all-time high straight away which was $97.92.
I don’t think it’s necessarily going to reach $97, but I do think there’s a lot of profit to be made.
What is Mask Network Crypto
Mask Network’s a protocol that allows users to send encrypted messages over Twitter and Facebook. It’s basically the bridge between the internet and it’s a decentralized Network running on top.
They initially launched in July of 2019 with its first use case of allowing Facebook and Twitter users to encrypt posts on the social media platforms.
They then raised 2 million in a funding in November of 2020, co-led by HashKey and
Hash Global. Then a further three million funding round ensued with participation from
Digital Currency Group (which is obviously massive).
Mask Network is basically a decentralized portal that allows users to um use Dapps like crypto payments, decentralized Finance, decentralized storage, e-commerce, and decentralized organizations over the top of existing social networks without having to migrate.
They’re creating what they refer to as a decentralized Applet ecosystem.
At this moment, 80% of the supply is already out, and there is only another 18 million left to be produced, which I believe is great.
Another piece of news working for Mask Network crypto is the acquiring of RARA. Rara is a social curation protocol, as part of a mass ecosystem of Web3.
The goal of RARA’s protocol is to give a voice to a world of curators.
They are the portal to the new open internet. You can install Mask and it will bring you privacy and all the benefits that you want on Facebook and Twitter.
It’s just an open source browser extension. It’s all very simple; you install the Mask extension, you log in with the Mask ID, and connect your wallet. After that you can use your favorite websites as normal, but you’ve got the enhancements of Web3 integration, and encrypting messages for “Friends Eyes Only”, which I think is a brilliant feature.
We have lost privacy over the years. Just take a look at the Snowden Revelations, Wikileaks… We know we’re being spied by governments, and we know that hackers are now far more proficient than they’ve ever been.
Mask is just an opportunity to protect yourself in a way that hasn’t been affordable to us before.
They also have NFT avatars as well. I just think it’s a very cool premise and one that I think is going to gain a lot of attention in the next bull cycle.
Mask Network Crypto Prediction
The network itself has grown really well, they start acquiring other companies, they start developing.
They received an Arbitrum DAO airdrop, they got a strategic investment of $5 million from DWF Labs,…
This is going to be a really strong project in the next bull cycle, and, while I don’t think it’s gonna going to run up to $100, I do think this is going to be at the price of about $50 per coin, which puts it a market cap of $4 billion.
The idea of social media privacy is very clever. Privacy is an issue that a lot of people care about, and I think there’s going to be a lot of people that use mask ID in the future. Far more than there already is.
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