What is MonaCoin (MONA)?
MonaCoin is a Japan-based cryptocurrency with a market cap close to $1 billion. It is particularly successful in the Japanese community so that there are shops in the country where Bitcoin and MonaCoin can be paid for. Currently. The Japanese company is backed by around USD 800 million and daily coins worth USD 9.6 million traded.
MonaCoin (MONA): History
Monacoin’s marketing is led by the Monacoin Foundation, which promotes the currency in Japan and overseas.Monacoin is a Japan-based cryptocurrency project founded in December 2013, with the genesis block occurring in April 2014. In 2014, Coindesk described the project as “the cat meme cryptocurrency” because, similar to Dogecoin, the coin used a cute pet as its logo. That cat logo was based off a Japanese text character named “Mona”, which was an ASII character commonly used on 2channel, the popular online Japanese forum. At the starting of 2017, one Monacoin was worth about $0.02 USD. As of December 2017, one Monacoin is worth $12 USD. Just like other cryptocurrencies, it has skyrocketed in value over 2017. In early December, the coin touched an all-time high above $17 USD. Today, Monacoin has a market cap of $719 million, putting it in the top 40 cryptocurrencies in the world.
How Does MonaCoin (MONA) Work?
Monacoin uses the Lyra2Rev2 algorithm, an algorithm it has used since the 450,000th block. It has also used the Dark Gravity Wave difficulty algorithm since that same block. SegWit was activated on block 977,760. The Monacoin blockchain has a block reward of 50 MONA, with a block time of 1.5 minutes. It re-targets every minute. It has a total supply of 168 million Monacoins. Today, there are about 56 million MONA in circulation.
How to Buy MonaCoin (MONA)?
First of all, you need to create a MonaCoin (MONA) wallet for storing your coins safe. You can use MyEtherwallet to store your MonaCoin (MONA) coins as it is the easiest and most convenient wallet for you. In MyEtherWallet you can store any coin on the Ethereum blockchain, including MonaCoin (MONA). Then you can purchase Ethereum so that you can exchange it for MonaCoin (MONA).
MonaCoin (MONA) Price Prediction 2018
MONA can be a profitable investment option. MonaCoin price equal to 6.266 USD at 2018-01-25. If you buy MonaCoin for 100 dollars today, you will get a total of 15.960 MONA. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-22 is 11.932 US Dollars. With a 5-year investment, the revenue is expected to be around +90.44%. Your current $100 investment may be up to $190.44 in 2022. MonaCoin (MONA) price today is $6.24 and have the current supply of 56,960,300 MONA. The market cap value is $355,293,288 , and the volume is marked as $3,534,380. MonaCoin (MONA) price today, MonaCoin (MONA) where to buy, MonaCoin (MONA) price chart, MonaCoin (MONA) history, MonaCoin (MONA) market cap, MonaCoin (MONA) exchanges, MonaCoin (MONA) mining, MonaCoin (MONA) mining software.