MASK Token Rising Massively, and Reason Might Surprise You

Arman Shirinyan

A token that has nothing to do with Elon Musk rises because of Twitter

The MASK token has been one of the most mysterious projects in the market and has garnered a lot of attention following the Twitter takeover which was partly possible thanks to the support Changpeng Zhao provided to Elon Musk.

In early November, Binance released the “Bluebird Index” which included massive names in the cryptocurrency industry: BNB, DOGE, and MASK. The index finger is an obvious reference to Twitter’s blue bird logo. But adding MASK wasn’t as obvious as DOGE and BNB.

However, if we take a look at the official description of Mask, it is a browser extension that allows the integration of encryption services on websites that do not or partially support it. The extension enables functions such as tipping, NFT interactions, exchanges between addresses, and much more.

Mask could potentially have become the basis for the future native integration of digital assets on the platform. Considering the amount of technical issues and inconveniences when using the extension, the solution developed by the Mask team could have pushed the integration of Web3 functionality on the platform but not become a unavoidable solution.

Some experts speculated that Mask might surprise investors in the future, especially with Twitter’s potential blockchainization. According to the price performance of the token, it seems like more investors are seeing the potential for the project to grow into an official part of one of the biggest social media platforms in the world.

Yesterday, over $600,000 worth of MASK tokens were liquidated; 98% of these tokens were short orders. Such a high short-term liquidation volume only suggests one thing: there are big buyers in the market ready to exert any form of selling pressure to gain exposure to the token.