MonaCoin

MONA Price

What is MonaCoin about?

MonaCoin is an open source digital currency and a peer-to-peer (p2p) payment network. Dubbed by its creators as “the first Japanese cryptocurrency,” the coin has become somewhat of Japan’s national alternative to Bitcoin or Litecoin. Like its predecessors, the coin was created purely to serve as P2P electronic cash, a decentralized digital currency aimed at Japanese citizens.

What makes MonaCoin unique?

It uses Lyra2REv2 and Dark Gravity Wave v3 algorithm to ensure fairer mining opportunities, success rate, and difficult levels of mining process respectively. Monacoin is the first cryptocurrency from Japan. It has received wide support and success in the country and is now crossing the national boundary to try and become a global phenomenon.

What's the history of MonaCoin?

Conceived in December of 2013, Monacoin was officially born on January 1st, 2014 with no premine. A Bitcoin Talk Forum on the same date details the coin’s launch and its specifications. A soft fork was executed at block 937440 to implement Segwit, a move made to keep it in line with Bitcoin, Litecoin, Vertcoin, and other payment-focused cryptocurrencies. In addition, the Monacoin team has reportedly implemented the Lightning Network for their coin. Monacoin was originally founded by the pseudonymous Mr. Wantanabe, no doubt in homage to Bitcoin’s Satoshi Nakamoto.

What's next for MonaCoin?

The team does seem to stay on top of updates and upgrades, however, as the Segwit and Lyra2REv2 updates and Lightning Network implementation suggest. While that is not going to happen in the next year or two, it does have the making of a good crypto token. It is steadily improving its service and has constantly strived to give its users the best possible experience.

What can MonaCoin be used for?

The instance of a Japanese national using Monacoin to buy land made news in the country and beyond, spreading the popularity of the coin. When Scrypt compliant ASIC miners appeared they switched to Lyra2REv2 to ensure the mining of MONA remains a fair battle between miners from around the world.

Where can you buy MonaCoin?

MONA tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade MonaCoin is Bitbank, where the most active trading pair MONA/JPY has a trading volume of $1,560.68 in the last 24 hours. Other popular options include Zaif and Coincheck.

What is the daily trading volume of MonaCoin (MONA)?

The trading volume of MonaCoin (MONA) is $4,146.93 in the last 24 hours, representing a 13.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for MonaCoin (MONA)?

MonaCoin (MONA) reached an all-time high of $16.45 and an all-time low of $0.02094. It’s now trading -99.60% below that peak and 226.00% above its lowest price.

What is the market cap of MonaCoin (MONA)?

Market capitalization of MonaCoin (MONA) is $7,176,713 and is ranked #1476 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MONA tokens (110 Million tokens are tradable on the market today).

What is the fully diluted valuation of MonaCoin (MONA)?

The fully diluted valuation (FDV) of MonaCoin (MONA) is $7,176,713. This is a statistical representation of the maximum market cap, assuming the maximum number of 110 Million MONA tokens are in circulation today. Depending on how the emission schedule of MONA tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of MonaCoin compare against its peers?

With a price decline of -5.00% in the last 7 days, MonaCoin (MONA) is underperforming the global cryptocurrency market which is up 0.00%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down 0.00%.