The Mask Network (MASK) attracted numerous investors who wanted to purchase the finest cryptocurrency. The token price of Mask has risen significantly in recent days. However, it currently trades significantly below its $98 all-time high at around $14.52.
Mask Network is a blockchain project focusing on privacy. It provides software to enhance the privacy of their online interactions. The program, for example, allows you to send and receive encrypted Facebook and Twitter messages. In addition, you may connect with DeFi applications and trade NFTs via social networks using the Mask program.
In the last week, crypto has risen more than 120 percent. The increase in the token price of Mask may be linked to DeFi’s and NFT’s increasing popularity. This token exposes investors to these growing developments. The anonymity provided by Mask Network provides additional attraction to the token.
Currently, there are about 19 million Mask crypto tokens in circulation. The maximum quantity of 100 million tokens is limited. Cryptocurrencies like Mask Token, with a set maximum supply, become popular among risky investors since they are automatically protected from inflation risks.
Impact of DeFi and NFT Growth
You may want to know the price of Mask because you’re attempting to evaluate if the coin is a good investment. With the DeFi and NFT growth, the future of Mask crypto seems bright. Mask is also offering other services like storage. The growing ecosystem should increase demand for the official token of the network.
Mask crypto may attract investors who want to purchase the drop. At the current price, the token is 90% below its all-time high.
As the price recovers of Mask token, investors want to know what comes next. Cryptocurrency prices are often erratic. If the mask crypto gets just a compounded 5 percent each month, it may reach $20 in 12 months and exceed $100 by 2025.