Mask Network (MASK) is a decentralized social network striving to bridge the gap between Web2 and Web3 apps. The token saw its price increase more than 10% in the past 24 hours, and 17% in the last two weeks. The current MASK price stands at $4.40, which is still nearly 90% down from its all-time high of $41.45.
The recent surge in the MASK price could be attributed to the project’s announcement of an investment in The Open Network (TON), as well as the broad cryptocurrency market that saw Bitcoin trading above $27k again. Mask’s daily trading volume also rose to over $80 million, leading the token to a market cap of $354 million.
Analysts are optimistic that the token could surge even higher. Captain Faibik shared a chart on Twitter that showed the potential for a price breakout of more than 60% to $7.20, should the token break and sustain momentum above the upper resistance of the channel pattern.