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TürkçeMask Network Information
Mask Network is an innovative player in the crypto space, offering users a bridge between the traditional internet and decentralized networks. It allows social media users to securely and privately send encrypted messages, cryptocurrency, and even interact with decentralized applications directly from their usual platforms. By enhancing privacy and promoting decentralization, Mask Network is at the forefront of merging Web 2.0 and Web 3.0 technologies.
Introduction to Mask Network
Mask Network is an innovative cryptocurrency project that seeks to bridge the gap between web 2.0 and web 3.0, enabling users to interact with various blockchain functionalities while still using traditional web-based applications. Launched to cater to privacy-centric applications, Mask Network is making strides toward redefining the way users engage with social media and decentralized finance.
A Brief History of Mask Network
Founded with the vision of allowing users to exchange encrypted messages over mainstream social media platforms, Mask Network was introduced to the market with an ambitious roadmap. Over the years, the project has expanded its offerings to include decentralized trading and peer-to-peer transactions directly integrated with social networks.
The coin received significant attention in 2021 when it hit its all-time high (ATH) of $41.45 on February 24. However, like many other cryptocurrencies, Mask Network experienced volatility and fluctuations, showing its lowest point at $0.976528 on October 13, 2022. Despite these ups and downs, the project continues to retain its relevance in the crypto space.
Advantages of Mask Network
An essential strength of Mask Network lies in its ability to integrate decentralized applications with traditional social media platforms seamlessly. This integration facilitates a broader reach for crypto applications, making them accessible to a larger audience without inducing platform fatigue. By enabling encrypted communication, Mask Network empowers users to own their data, ensuring privacy in the increasingly surveilled digital world.
Additionally, Mask Network’s collaborations with platforms like Twitter and Facebook provide a user-friendly entry point into the realm of decentralized finance (DeFi) and applications, overcoming one of the key barriers to mass adoption of blockchain technology.
Drawbacks to Consider
Despite its innovations, Mask Network faces several challenges. The competitive nature of the crypto market means that user adoption is not guaranteed, especially with potential rivals offering similar solutions. The volatility in its price history also poses a challenge for investors and developers considering long-term commitments to the platform. These aspects put the project at risk of being overshadowed by other more established entities in the space.
Analyzing the Past Performance
The performance history of Mask Network is a testament to the volatility inherent in the cryptocurrency market. After reaching impressive highs in early 2021, the price fell dramatically. As of October 2023, the coin trades significantly below its ATH, indicating a potential buy opportunity for investors willing to endure market fluctuations for possible rewards.
The market cap of Mask Network stands at $288,199,904, demonstrating its considerable presence in the sector despite price decreases. The total volume, circling above $482 million in the last 24 hours, shows active trading interest.
Future Prospects of Mask Network
Looking ahead, Mask Network is poised at a critical juncture. As more users become aware of privacy issues and the benefits of decentralization, interest in services such as those provided by Mask is likely to grow. The project's ability to innovate and respond to market demands will be crucial in determining its future trajectory.
If Mask Network can expand its partnerships and improve its user interface, it holds the potential to capture a significant market share in the social finance segment. The continual pursuit of partnerships and technology upgrades will likely play a vital role in enhancing its market position.
Conclusion
Mask Network presents a unique proposition in the convergence of social media and blockchain technology, combining the strengths of both to address user needs in privacy and accessibility. While it stands at a challenging crossroads like many in the crypto world, its continued development and focus on broadening its market appeal may help the project secure a lasting foothold in the industry.
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from price
$3
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General Information |
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Title
Mask Network
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Symbol
mask
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Whitepaper
-
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
2.51
$
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High 24h
2.56
$
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Low 24h
2.37
$
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Price Change 24h
0.0118281
$
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Price Change % 24h
0.47437
%
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Market Data |
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Market Cap
250644427
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Total Volume
59419601
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Market Cap Change 24h
-1028499.1905237
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Market Cap Change % 24h
-0.40867
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
100000000
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Total Supply
100000000
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Max Supply
100000000
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Historical Data |
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All Time High (ATH)
41.45
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ATH Change %
-93.94849
%
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ATH Date
2021-02-24 17:42
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All Time Low (ATL)
0.976528
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ATL Change %
156.83637
%
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ATL Date
2022-10-13 10:36
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