What is Bluebird Index? Binance launches crypto price index, prompts constituent MASK to pump
Crypto exchange Binance is adding to the attention surrounding Twitter with its new cryptocurrency index that tracks the price of BNB, DOGE and MASK.
The Bluebird index does not explicitly cite the social media network but its name could be in reference to Twitter’s logo. Its announcement said:
MASK to USD
MASK, DOGE and Twitter
Bluebird’s arrival comes as Twitter was purchased last month by Elon Musk, who is no stranger to the crypto community and industry. The billionaire has often spurred the price of dogecoin through his tweets.
The meme token has been trending once again after Musk’s takeover. DOGE saw a significant rally that has continued throughout the week.
DOGE to USD
This was fuelled when Musk’s statement from earlier this year resurfaced that users could pay for Twitter Blue with dogecoin.
While MASK has a lower profile than the dog-themed cryptocurrency, it has also been responding to the takeover.
What is MASK?
Mask Network is a protocol enabling users to send encrypted messages on Twitter and Facebook, operating like a bridge between decentralisation and the internet.
The network’s native governance token, MASK, has also surged after the Twitter takeover. After closing 26 October at $1.13, it reached a high of $1.77 two days later, once Musk’s deal had completed.
MASK has continued this rally into this week as Binance added it to the Bluebird Index today (2 November 2022). At the time of writing, MASK was trading at $3.90, up 61% in the past 24 hours and 240% on the previous week.
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