The announcement relating to the potential addition of crypto tokens to Twitter is eagerly awaited by the cryptocurrency world.
After Tesla CEO Elon Musk acquired Twitter and ousted its CEO, Parag Agrawal, Dogecoin’s (DOGE) worth rose by over 130% in a single week.
Based on Coinmarketcap knowledge, the rise enabled the meme foreign money to get better its losses going from $0.2878 on October 31, 2021, to $0.1009 on October 29, 2022. So as to add gas to fireplace, the CEO of Binance “CZ” additionally hinted on the doable acceptance of the BNB token on Twitter.
Binance moreover disclosed the introduction of USDⓈ-M Binance Bluebird Index perpetual contracts (BLUEBIRDUSDT Perpetual Contracts).
The Binance Bluebird Index, a cryptocurrency worth index first launched in November 2022 and retains monitor of BNB, DOGE, and MASK.
The weighted averages of the tokens’ current USDT costs on the Binance Spot market are utilized in a system to calculate the Index.
The BNB, Dogecoin (DOGE), and Masks cash are all included within the cryptocurrency worth index, and market individuals anticipate that these would be the tokens of selection for Twitter.
Furthermore, FTX said that it could record spot and perpetual futures for Masks Community (MASK). Following Binance and FTX, OKX and Bybit have additionally introduced itemizing MASK on their alternate platforms. Different cryptocurrency exchanges, together with MoonXBT, CoinEx, and XT, have jumped in to record MASK too.
Customers can ship bitcoins and add privateness options from Web3 to social media websites like Fb and Twitter through the use of the Masks Community.
A Huge Worth Surge
The Masks Community attracted a number of consideration as a result of its pricing elevated by roughly 450% in a single week. The MASK worth was buying and selling at $0.1 per week in the past; as we speak, it’s buying and selling at over $5.5.
At the moment, the MASK worth is $5.63, up greater than 50% from the day gone by. The commerce quantity additionally elevated by almost 85% in a single day.
These are, nevertheless, solely speculative, and investing with out due diligence could also be harmful. Thorough analysis should be executed earlier than investing.