MASQ price prediction: What is MASQ?
It has shot up to outperform the market recently, but what is MASQ? Let’s see what we can find out about this crypto – which is based on the Ethereum (ETH) blockchain –and examine some of the MASQ price predictions that were being made on 8 November 2022, too.
ETH/USD price chart
MASQ explained
One of the key selling points of blockchain technology is that of privacy. A concern about today’s web and social media giants is that the organisations and companies behind them have rather too much access to their users’ and customers’ data.
The blockchain, on the other hand, promises to give people control back over their information. This is one of the key points behind the phase of the internet known as Web 3.0.
Something that cryptocurrencies have often been keen to stress, at least in the early days of the rise of crypto, was that there was no way of telling what it was that you were doing, and there were no central points of authority to take your details from you without your express permission.
Unfortunately, this concept was never quite going to last in such a strong sense. If nothing else, there have been times when both cryptocurrency and the blockchain have been used for both illegal and immoral purposes.
This led to a split in the crypto community. On one side, you had people who understood that certain kinds of compromises had to be made in order to grow blockchain technology and allow more people to benefit from it.
On the other side, there were those who felt that it was crucial to maintain a user’s privacy and security from the clutches of big companies, institutions and authority figures.
MASQ is one of the many blockchain-based networks that aims to allow people to keep their blockchain activity private. As the system’s whitepaper (called a greypaper) explains:
It has done this by serving as a virtual private network (VPN), web browser, decentralised application (DApp) store and crypto earning ecosystem.
Every blockchain-based platform needs to have its own native cryptocurrency, and MASQ has the conveniently named MASQ token. This crypto is used to help secure the network and to reward people for taking part in transactions on the platform.
Something that needs mentioning at this stage is that there are no named founders of MASQ, with the people behind it going under pseudonyms, like co-founder KauriHero.
On one hand, this is quite logical because it fits into the concept of MASQ being a protocol designed to promote privacy. Therefore, identifying the people behind this would rather contradict its stated aims.
However, while having a pseudonymous founder has not done bitcoin (BTC) any harm, this issue might might well be something that could put off some potential MASQ investors, who might want to have people they can hold accountable when it comes to where they put their money.
Another two things we should mention is that MASQ should not be confused with MASK, the native token of the Mask Network. Additionally, MASQ is based on the Ethereum (ETH) blockchain, which means that it is a token, rather than a coin. You might see references to such things as a MASQ coin price prediction, but these are wrong.
MASQ price history
MASQ price history from launch to present – Credit: CoinMarketCapWith that out of the way, let’s cast our eyes over the MASQ price history. While past performance should never be taken as an indicator of future results, knowing what the token has done in the past can give us some very useful context when it comes to either interpreting a MASQ price prediction or else making one of our own.
When MASQ first came onto the open market in early 2021, it opened at $0.2649 on 2 February that year. There were some peaks and troughs and, on 14 April 2021, it reached a high of $0.4114.
After this, there was a downturn over the summer, with the token dropping just below $0.10 in July. There was a recovery over the following months, and MASQ reached a periodic high of $0.6671 on 16 November. After that, though, things fell apart and it closed the year at $0.1883.
So far, 2022 has been a weak year for crypto, and MASQ mostly dropped throughout the course of the year. Initially the token struggled, starting the year at $0.1883 from where it downtrended until a series of market crashes over the course of the late spring and early summer saw it fall to an all-time low of $0.0325 on 22 September.
The price did not really recover for some time and, on 6 November, news about a new MASQ browser helped boost the price from a daily low of $0.07807 to a daily high of $0.2067. The following day, 7 November, it hit a high of $0.2822 after the platform announced its new crypto wallet.
By 8 November 2022, things had settled down somewhat and it was trading at about $0.1855. This meant it had dropped by more than 2% from 1 January but, compared with crypto’s overall loss of more than 50%, it had significantly outperformed the market in 2022.
At the time of writing, there were 25,560,578.79 MASQ in circulation out of a total supply of 37.5 million. This gave the token a market cap of $4.7m, making it the 938th largest crypto by that metric.
MASQ price prediction round-up
With that all over and done with, let’s now take a look at some of the MASQ price predictions that were being made as of 8 November 2022. It is important to recognise at this stage that price forecasts, especially when it comes to a commodity as potentially volatile as cryptocurrency, very often wind up being wrong. Also, it is worth remembering that many long-term crypto price predictions are often made using an algorithm, which means that they can change at any time.
First, CoinCodex made a rather mixed MASQ token price prediction, saying that the crypto could have risen to $0.227380 by 13 November before it potentially went down to $0.200045 on 9 December. Despite the forecast downturn, the site’s technical analysis was bullish, with 23 indicators sending out positive signals compared with just four negative ones.
Next, PricePrediction had a MASQ price prediction that argued that the token could have traded at $0.22 this year, $0.31 next year and $0.45 the year after that. By 2025, the site said, MASQ could have been worth $0.67, before it could have exceeded a dollar to stand at $1.07 in 2026 and $1.55 in 2027. By 2028, the crypto’s forecast was it could have reached $2.30, before it could have closed the decade at $3.09. The site’s MASQ price prediction for 2030 set out it could have traded at $4.49 before could have reached $6.78 in 2031.
Meanwhile, CoinArbitrageBot offered a MASQ crypto price prediction that suggested things could have got worse before they got better. It predicting the token could have dropped to $0.19852 in 2023 before it could have recovered to $0.38544 in 2024. The site’s MASQ price prediction for 2025 outlined the token could have traded at $0.62364, before it could have broken through the dollar barrier in 2026 to stand at a fraction of a cent under $1.01.
Finally, WalletInvestor had a relatively upbeat MASQ price prediction for 2023, suggesting that the token could have reached $1.10 in November next year. After that, though, there could well be a prolonged drop for the token, with it predicted that it could have traded at $0.383 in five years’ time.
When considering a MASQ token price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.
FAQs
Is MASQ a good investment?
It is difficult to tell. Although the token has rallied significantly at the time of writing, there is no way of telling if it can build on its recent growth, or whether it is just a spike. A lot will depend on how the market performs as a whole.
Remember, you should always carry out your own thorough research before making an investment in any coin or token, including whether it is right for your portfolio. Even high market cap cryptocurrencies can be affected by bear markets. Investors need to be prepared to make losses and should never purchase more than they can afford to lose.
Will MASQ go up or down?
It is hard to say. While PricePrediction was upbeat in its assessment of a future MASQ price at the time of writing, CoinCodex was rather more bearish and WalletInvestor steered a more undecided course. You should, however, keep in mind that price predictions very often end up being wrong, and that prices can, and do, go down as well as up.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether MASQ is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Should I invest in MASQ?
Before you decide whether or not to invest in MASQ, you will need to do your own research, both on MASQ and other privacy-related cryptos.
Ultimately, though, this is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.
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