While MASK Token Shoots Up 5,000% Crypto Experts are Stacking This New Meme Coin as the Next Crypto to Explode
MASK has risen by 600% in the past 24 hours, with the new meme token's move to $0.0008357 also representing a hefty 5,000% rise since it listed on Uniswap.
While this rise puts most major cryptocurrencies to shame today, MASK looks like yet another junk meme token, with very little in the way of an organic community or team.
It could therefore be another cynical pump-and-dump, one which may possibly be benefitting from being confused with the hotly anticipated native token of the MetaMask wallet.
But while MASK is likely to collapse in price sooner or later, other new meme tokens do boast the followings and support needed to have a more sustainable existence, with Wall Street Memes (WSM) being one of the best examples right now.
It needs to be observed from the outset that MASK's chart exhibits the patterns typical of very shortlived junk meme tokens, with its price currently flatlining as a result of its volume declining to nothing.
Given that its market is so thin (or, rather, non-existent), retail investors should be very wary of a rug pull, which generally always happens with meme tokens with no real community.
Based on the popular Mask character (as seen in mildly entertaining films starring Jim Carrey), MASK is almost certainly one of these coins.
It has no discernible presence online, although it's possible that it's piggybacking on the growing excitement surrounding a MetaMask token.
Regardless, investors should steer well clear of it, and if they still want to invest in new meme tokens, they should look for examples with genuine followings.
Probably the most promising instance of such a token is Wall Street Memes (WSM), an ERC-20 cryptocurrency that has already raised more than $14.2 million in its presale.
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