A low-value altcoin surged right after an announcement from crypto giant Binance.
The leading crypto exchange has announced that it has launched a new futures index called Bluebird Index. Index, Binance Coin (BNB), Dogecoin (DOGE) and Mask Network (MASK) It provides leverage up to 25 times by tracking prices.
The announcement pushed the price of MASK up 91% from $2.24 to $4.30 in about three hours.
The Bluebird Index seems to refer to Twitter and Elon Musk’s interest in Dogecoin. Because the index consists of cryptocurrencies that have increased in price after Elon Musk’s acquisition of Twitter. Moreover, the index has also triggered speculation about what role BNB and MASK could play in the future of Twitter.
There we go… basically confirmation from Binance (an equity holder in Twitter) that $DOGE, $BNB and $MASK will have a role in @elonmusk‘s Twitter master plan https://t.co/9ClRCOPuBu
— 🎃thomas (@crypto_TomTom) November 2, 2022
Koinfinans.com As we reported, Mask Network advertises itself as a network designed to bring Web3 features to social media platforms such as Twitter and Facebook. Altcoin MASK runs on the Ethereum network and is also live on Polygon and BNB Chain.
The token is designed to reward active users of the protocol and give users a say in governance. The project was launched in February of 2021 and the altcoin price is at the time of the press at $3.59. This is roughly 88% lower than the coin’s all-time high of $30.44.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.