MASKUSDT trade ideas
Trend reversal potentialMASK is attempting to stabilize above the downward trend line, indicating the market's desire to shift towards an upward trend. There are two strong support levels at $3.5 and $3.4, which are suitable for step-by-step entry. Short-term targets can be considered at $3.7 and $4. This is merely an analysis and should not be regarded as a buy or sell signal.
SocialFi Research Social
In recent years, social projects aimed at utilizing blockchain technology and cryptocurrencies to create positive social impact have been gaining momentum in the crypto space.
One notable trend is the emergence of social tokens, which encourage individuals to work on collaborative projects within a decentralized autonomous organization (DAO). These digital currencies can be exchanged for other cryptocurrencies or used to access exclusive content, voting rights, or other privileges within the community associated with the token. Another aspect of cryptocurrency social projects is the development of decentralized social media platforms. These platforms utilize blockchain technology to provide increased privacy, protection from censorship, and the ability for users to receive and send cryptocurrency directly through the platform. Examples include DeSo, a Tier 1 blockchain designed to decentralize social media, and Farcaster, which combines Web 2.0 strategies with blockchain capabilities to create a decentralized ecosystem controlled by users.
History and evolution of SocialFi
SocialFi - the merging of social media and decentralized finance (DeFi) within the blockchain and cryptocurrency ecosystem - has evolved since its inception in the early 2010s. The term SocialFi represents a transformational shift in the social media landscape, merging the principles of decentralized finance with social media, allowing users to interact with each other on a social media platform where the interaction is monetized. The concept gained significant traction with the advent of Ethereum in 2015, which introduced smart contracts and decentralized applications (dApps) that laid the foundation for SocialFi platforms. However, it wasn't until the advent of non-fungible tokens (NFTs) in 2020 that SocialFi began to truly gain momentum. NFTs provided a new way to represent unique digital assets, including content and social interactions, which further fueled the growth of SocialFi platforms. One of the most notable SocialFi platforms, FriendTech, emerged in 2023, pioneering SocialFi narratives and allowing users to trade keys such as social status and social proof. This platform inspired over 20 others, each of which was a development of originality, demonstrating rapid evolution and experimentation in the SocialFi space.
In 2024, SocialFi platforms continue to evolve, combining social activity with financial incentives and decentralized management. These platforms aim to disrupt the social media industry by adhering to the Web3 ethos, the essence of which is that they are decentralized social applications. They empower users to control their content and directly monetize it, solving key design problems present in traditional social media platforms.
SocialFi's journey from its early days in the early 2010s to its current state as a mature SocialFi platform has been driven by Ethereum and NFT. It turned online social interactions into economic transactions, providing content creators and active users with a new way to earn tokens for their contributions. Despite challenges such as scalability, compliance, privacy and security, SocialFi represents an exciting evolution in how we perceive and participate in online social interactions.
SocialFi Market Today:
The SocialFi market today is going through a transformational phase characterized by significant growth and innovation in the field. Comparison of the total number of unique active wallets interacting with smart contracts across sectors ($12.52 million):
According to recent reports, the SocialFi market size is around $4.5 billion. One of the most prominent platforms in this space is FriendTech, which played a key role in popularizing the concept of funding a user's social activity by attaching a tradable token ("key") to the user.
The number of unique FriendTech users to date:
The launch of FriendTech V2 and other platforms such as FantasyTop has pushed the sector into a new era focused on decentralized social apps that seek to disrupt the social networking industry. However, the market is also becoming more competitive, with lower rewards and a more challenging user experience. This has led to a greater emphasis on research and due diligence before participating in SocialFi projects.
The year 2024 has already solidified itself as the year of SocialFi. Lens and Farcaster have surpassed 350,000 registered users and the growth in daily active users continues.
SocialFi's innovations can be divided into two main categories:
- Social Primitive Substrate - Farcaster provides a basic toolkit for identity, posting, wallet relationships, and common app integration patterns using frames and actions. This breaks the prevailing technology stack associated with social apps and allows anyone to build interconnected apps based on the same basic toolkit and social network, leading to greater efficiency and experimentation.
- Funding - Friend.Tech and FantasyTop attach a tradable component, such as an NFT or token, to familiar social actions and existing profiles. In this way, other users can speculate on the creator's future activity or attention. In turn, creators receive a portion of the speculative trading activity, allowing them to generate a new form of revenue not available on traditional social platforms.
Promising projects
Attention! Make your own DYOR! If you want to see my portfolio see the description below the chart.
Mask Network
Mask Network is a pioneering project in the SocialFi space that aims to bring the benefits of Web3 to existing Web2 social media platforms. Founded in 2018, Mask Network is at the forefront of creating a decentralized social conglomerate that moves users from Web2 to Web3, bridging the gap between traditional social media networks and decentralized financial (DeFi) applications. One of the key features of Mask Network is its ability to enable encrypted messaging and cryptocurrency transactions directly on popular social media platforms such as Twitter and Facebook. This is accomplished through browser extensions and third-party applications, allowing users to interact with each other on a social media platform where the interaction itself is monetized.
The Mask Network also supports the creation and trading of non-functional tokens (NFTs) on social media platforms, giving content creators and active users a new way to earn tokens for their contributions. This is made possible through the use of smart contracts that automatically execute transactions and enforce agreements when predefined conditions are met. Note the presence of large funds as well as the activity of market makers such as DWF Labs, GSR and Wintermute! Be prepared for the asset to be pumped up soon.
Overall, Mask Network is a key player in the SocialFi space, leveraging its technical expertise and strategic partnerships to drive adoption of DeFi's decentralized social networks and applications. The project's vision of a decentralized social conglomerate that empowers users and content creators is set to disrupt the social media industry by providing a fairer, more transparent and user-centric digital social media landscape.
Cyber Connect
Cyber Connect is a pioneering SocialFi project designed to revolutionize social media by giving users and content creators direct ownership and control over digital identity, content and interaction.
The project is built on a decentralized social networking protocol that allows developers to create decentralized social applications (dApps) that empower users with sovereignty and interaction. At the core of Cyber Connect is the CYBER token, a utility and management token that supports various aspects of the platform. These include the purchase of CyberProfiles with premium usernames that allow users to create their digital identities in a unique and personalized way. In addition, the upcoming CyberWallet smart contract wallet provides a seamless entry into the Web3 world, and CYBER tokens serve as a means to pay for gas on various EVM-enabled networks.
Cyber Connect is positioning itself as a leader in decentralized social (DeSoc), challenging the status quo and putting the reins directly in the hands of creators and their communities. The platform introduces innovative features such as CyberAccount, CyberGraph and Cyber L2, enabling seamless collaboration and empowering developers to create a variety of applications across the ecosystem. With a growing user base of 327,000 monthly active users and over 7.3 million transactions conducted, Cyber Connect has demonstrated its appeal and potential to change the social media landscape. The project has a total stock of 100,000,000 CYBER tokens thoughtfully distributed across different segments and has secured the Cyber L2 network. From a blockchain perspective, the picture is as follows:
Overall, Cyber Connect represents a significant step forward in the evolution of social media, offering a dynamic, inclusive and open alternative to traditional social media platforms. Its innovative features and inherent CYBER token empower creators, developers, and users, fostering a self-confident, interoperable, and scalable ecosystem.
Galxe
The GAL project is a cryptocurrency that is part of the Web3 ecosystem. It was launched in April 2022 on the Binance Launchpool platform and offers users the opportunity to participate in building the best products and communities in Web3. GAL is used as a token to manage and reward participants who contribute to the ecosystem.
GAL also offers various features for users, including the ability to create NFT-badge campaigns, integrate their online and offline achievements, and use GAL as a means to pay for using tools in the ecosystem. The GAL project aims to become the leading Web3 infrastructure and digital reputation data network that will help Web3 users and developers use NFT and digital reputation data to build better products and communities. One of the main goals of the GAL project is to empower users to control and manage their digital reputations.
ZTX
The ZTX project is a revolutionary crypto project that aims to eliminate transaction fees in the cryptocurrency space. By eliminating these fees, ZTX offers a solution to one of the biggest problems for users and businesses in the cryptocurrency space. ZTX is built on a decentralized blockchain and is committed to maintaining the highest level of security and privacy for its users. Apart from its main goal of eliminating transaction fees, ZTX is also expanding its ecosystem through various initiatives. One such initiative is the creation of Web3 Stickerly, a global UGC platform for memes and stickers with over 400 million regular users. ZTX plans to bring Stickerly into the Web3 space, allowing for content synergies between ZTX and Web3 Stickerly. This expansion is expected to bring even more value to ZTX owners and the community.
The ZTX team is developing a Web3 version of Stickerly for the near future, and select GETTEX:ZTX token holders and ZTX Genesis Homeowners may be eligible to participate in the airdrop of Web3 Stickerly tokens if their wallets meet the airdrop criteria. The move underscores ZTX's commitment to adding value to existing GETTEX:ZTX holders and ZTX Genesis Home owners.
The ZTX project is backed by significant investment and has attracted the attention of both enthusiasts and investors in the cryptocurrency space. With a focus on fast and hassle-free transactions, robust security, and partnerships that enhance the utility of the project, ZTX is gaining momentum as a promising project for both regular users and businesses.
Conclusion
The SocialFi sector is experiencing significant growth and development, with a combined market capitalization of over $4.5 billion as of early May 2024 and a 24-hour trading volume of over $300 million. This growth is driven by developments in blockchain infrastructure, such as improved scaling solutions and decentralized governance models that make these platforms more accessible and efficient.
SocialFi platforms are changing the social media landscape by allowing users to take back control of their data and directly monetize their content. This approach is seen as a fairer and more transparent way of managing social media, where users can influence the direction of the platform. The emergence of new segments and niches in the SocialFi market indicates a marked increase in interest from various stakeholders.
The future of the SocialFi sector looks promising, with significant growth and development expected in the coming years. The sector will continue to change the landscape of social media and finance, offering new opportunities for creators, users, and investors alike.
The SocialFi trend will come sooner rather than later. Today there are many projects with good prices that are worth paying attention to and adding to your portfolio, because during the SocialFi hype the entry point will already be missed. If you want to see my portfolio online - follow the link in the description!
Best regards EXCAVO
MASK/USDT | 1D 👀It may be considered for speculative buying.
After the pump, the coin entered a phase of broad accumulation on very large volumes (relative to the previous period).
Over the next 3 - 4 months, I expect to see a parabolic upward impulse.
- Not financial advice, trade with caution.
#Crypto #MASK #Investment #MaskNetwork
✅ Stay updated on market news and developments that may influence the price of Mask Network. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #MASK #Investment #MaskNetwork
$maskdeviate at previous range low and bounce at trend line
or sweep the wick
going to wait for monthly close so can risk more once we know where we close
long way down if shit does hit the ceiling , gave back a bit in that nuke so being a tad cautious
shall check back closer to close tonite should be when the fun happens
Trade LongThis is just a suggestion for further analysis and I recommend that you add your personal analysis to it and try its targets in the Demo Start Trade after practicing several times and making sure that the targets are correct with very small amounts and Start your rational leverage. I hope you are profitable
MASK UPDATE (1D)In the previous analysis, we predicted the MASK pump and also declared that we are inside a big triangle.
The same previous waves are being followed. We expect such a move from MASK.
Note that the time frame is daily and time consuming.
The green range is where we look for buy/long.
The targets are inserted on the image.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MASK ALTERNAATE COUNT - HOW WE CAN POSSIBLY SEE $15
This count is alternate to the previous analysis that suggest we might be in some form of Triangle while the Triangle scenario is still in play I want to bring to your attention that last leg down for wave E on the other scenario but instead, depending on how strong the bulls are on BINANCE:MASKUSDT and it fundamentals, we might just the invalidation the Triangle scenario by outrightly going straight to take the buy side liquidities at the top and head for $12-16 as this scenario suggest we are in some sort of Double Combo WXY.
However, it is worthy to note that both scenario are bullish on the long run the difference is that one will retrace and the other just won't.
OTHER ANALYSIS
#MASK/USDT - Long - Potential 26.28%•Strategy: Long
•Exchange: BINANCE
•Account: Spot
•Entry mode: Market order in range
•Invest: Risk 1%
Exit:
• ⎿ Target 2 : 7.486 25.54%
• ⎿ Target 1 : 6.583 10.4%
Entry: 5.963 ⌁ 5.963
• ⎿ Current market price: 5.96
Stop: 5.291 (-11.27%)
Technical indicators:
Again cup and handle pattern into break of 5.573 resistance.
• ⎿ 24h Volume: 77030986.0984
• ⎿ Satoshis: 5.963
• ⎿ Analysis: TradingView
Alikze »» MASK | Wave 3 or rising C scenarioAccording to the analysis of the previous post , the Musk currency achieved its targets. At the moment, it has formed a floor in the 0.966 range after a complex correction in 1W time, which is currently forming an upward composite correction. But this upward corrective movement is moving in a channel that, after stabilizing at the bottom of the channel, is again met with demand that this growth will have the ability to reach the next supply zone. If the specified supply area is broken, the path of the currency will be smooth to continue and the next targets will be activated.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
»»»«««»»»«««»»»«««
previous post
»»»«««»»»«««»»»«««
MASK - Resistance about to be broken - Good Opportunity for LONGBINANCE:MASKUSDT (4H CHART) Technical Analysis Update
MASK is currently trading at $3.541 and showing overall bullish sentiment
MASK is about to break resistance after months of consolidation, this consolidation can be a good trigger for the bullish tend. Resistance is around 3.9 and this price breakout is gonna be our entry point.
Entry level: $ 3.9 - 4.0
Stop loss level: $ 3.150
Target 1: $ 4.2
Target 2: $4.7
Target 3: $5.3
Target 4: $6.2
Target 4: $7.1
Max Leverage: 3x
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
MASK/USDT The perfect bounce suggests potential back to upward!💎 MASK has recently shown notable market dynamics, particularly as it rebounds from a support area.
💎 The strong green candle suggests potential upward momentum, but a decisive breakout above the resistance at $5.35 is needed to confirm this continuation towards the target strong resistance area.
💎 However, if MASK fails to break above the resistance, there's a possibility of a retracement back to the support area to gather momentum for another attempt at breaking out.
💎 If MASK fails to find support at the current level and breaks below the support area, the next potential stop is at the demand area of around $3.08. This demand area holds significance as it needs to act as a strong support zone for MASK to maintain its upward trajectory.
💎 However, if MASK breaks down below the demand area, it will confirm bearish sentiment, potentially leading to further downward movement in price.
Golden opportunity to buyThis currency has taken a very attractive position in the weekly time frame and I marked the first attractive target with a green line. And the next target is marked with an orange line. Although this currency has the ability to grow more, but you must consider profit saving and capital management.Place the stop below the channel.💚
Maskusdt Strong Buy opportunityMaskusdt is currently displaying a cup and handle formation, a bullish continuation pattern. The price action is nearing completion of the handle formation, with the price approaching the neckline level. A breakout above this neckline area would confirm the validity of the pattern, potentially signaling further upward momentum.
It's crucial for us to pay attention to the accumulation zone provided, as this area often serves as a key support level during price retracements within the pattern. Additionally, the setup targets have been identified, offering guidance for potential price objectives should the pattern be confirmed.
However, it's important to acknowledge the inherent volatility of the market and exercise caution while trading. Avoiding unnecessary leverage usage can help mitigate risks associated with sudden price fluctuations.
We welcome and appreciate your comments and likes on our analysis. Remember to trade responsibly and enjoy the potential opportunities presented by this pattern.
Thanks
Amazing price for buying MASK!MASK (MASK) is one of theprojects I like. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3 and 4 very soon, that could be year(s). I will sell most of my capital on targets 2 and 3. Small portion will be sold on Target 1 and 4.
Entry Zone: 1.075 – 1.486
Buy Zone 1: 0.47 – 0.22
Target 1: 4.51 – 5.04 (209%)
Target 2: 12.15 – 13.06 (735%)
Target 3: 18.38 – 19.14 (1164%)
Target 4: 22.14 – 23.14 (1430%)
MASKUSDT → Pre-breakdown consolidation before growthBINANCE:MASKUSDT after the sell-off wave, which was triggered by the BTC correction from ATH, calms down and forms a pre-breakdown consolidation against the range resistance.
The coin forms a symmetrical triangle, a pattern that is a consolidation, but the price exit beyond the boundaries is accompanied by a surge in volume, liquidity and is essentially a distribution of previously accumulated potential.
Most likely, the market is aimed at the breakout of resistance with subsequent growth to the specified targets, for us it is 7.270.
Resistance levels: 5.132, triangle resistance
Support levels: 4.079, 3.090
I expect the continuation of accumulation with a gradual compression to resistance, which may soon lead to a breakout of the upper boundary of consolidation and further growth
BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2
Regards R. Linda!