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Cryptocurrency News Articles

Next Cryptocurrency To Explode: MASK, WEMIX, PEPU, GRASS, and SHIB

Nov 05, 2024 at 08:44 pm

The overall market sentiment is surprisingly negative, and cryptocurrency prices have fluctuated over the past few days, including Bitcoin (BTC).

Next Cryptocurrency To Explode: MASK, WEMIX, PEPU, GRASS, and SHIB

The cryptocurrency market has experienced significant fluctuations over the past few days, with some coins showing impressive gains and others facing price drops. Among the top gainers, Mask Network (MASK), WEMIX (WEMIX), and Grass (GRASS) have caught the attention of investors. Here's a closer look at their performance and other noteworthy updates from the crypto world.

1. Mask Network (MASK)

Mask Network, a Web 3.0 platform that integrates encrypted messaging into social media, has seen a surge in price, rising by 16.41% to reach $2.81 within 24 hours. This surge is likely attributed to the recent price increases and the platform’s popularity among investors.

Currently, Mask Network supports Initial Twitter Offerings (ITOs) on the Ethereum, Polygon, BSC, and Arbitrum networks. This feature enables blockchain projects to raise funds directly on Twitter.

Projections indicate steady growth for MASK. By the end of this month, it could reach a high of $3.955 and a low of $2.579. December forecasts suggest a peak price of $3.671 and a minimum of $2.643.

2. WEMIX (WEMIX)

While the broader market has shown a slight 0.03% decrease in the past 24 hours, WEMIX has managed to secure a 3.03% increase during the same period. This positive performance is also reflected in the rising market cap and daily trading volume of the token.

Currently, WEMIX trades 46.38% below its 200-day SMA, while its 14-day RSI stands at 68.17, indicating a neutral stance that may lead to sideways trading.

WEMIX powers a decentralized blockchain protocol designed to support a broad Web 3.0 ecosystem. Its WEMIX3.0 mainnet, compatible with Ethereum Virtual Machine (EVM), leverages a Stake-based Proof of Authority (SPoA) consensus for high transaction speeds and security. The network is governed by 40 Node Council Partners (NCP), making the WEMIX token vital for transactions and gas fees across the platform.

3. Grass (GRASS)

Among the top gainers on November 4, Grass, a Layer 2 data rollup on the Solana blockchain, has seen a 2.03% price increase, bringing it to $1.65 within 24 hours. This positive performance is accompanied by a weekly gain of 58.87%.

Eight days ago, $GRASS token distribution began, offering incentives to those contributing to data scraping and processing. Grass introduced an Airdrop Points Program to encourage community growth, which rewards users with Grass Points for referrals and active engagement. These points can be redeemed for $GRASS tokens, creating a dynamic ecosystem focused on AI training and data accuracy.

News source:insidebitcoins.com

Disclaimer:info@kdj.com

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Other articles published on Nov 06, 2024