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What is MonaCoin (MONA)?

MonaCoin basic info

Name:MonaCoin

Ticker:

MONABuy now

Introduction:

What is MonaCoin (MONA)?

MonaCoin (MONA) is a decentralized cryptocurrency and payment network that operates on a peer-to-peer (p2p) model. It was launched in January 2014 with no pre-mine process and is built on the Lyra2RE (v2) algorithm, which is based on a hard fork of Litecoin.

Unlike centralized platforms, the MonaCoin payment network is completely decentralized and is collectively owned by its users. The peer-to-peer technology behind MONA makes the platform independent and self-governing. New coins are generated by the users of the system as payment for mining.

For every 90 blocks processed, miners earn 25 coins. The block generation time is 1.5 minutes and the mining difficulty varies for each block.

The MonaCoin community is highly active and engaged, and it is one of the most popular cryptocurrencies in Japan. The project gained significant attention when it was featured on the WBS TV Network Tokyo, which highlighted the story of a man who used MonaCoin to purchase a piece of land in Nagano.

Who are the Founders of MonaCoin (MONA)?

Did you know that MonaCoin, the first alternative cryptocurrency developed in Japan, was based on a popular cat-like internet meme called Mona? The project was launched on January 1, 2014 by a user named 'Mr. Wantanabe' who remains completely anonymous to this day. As of October 2021, there is no information about the founder or the number of participants in the development team. It's interesting to note that the MonaCoin team doesn't have any available names, photos or social media pages.

How does MonaCoin (MONA) Work?

Users who run programs to perform computational work are issued coins through a process called "mining". Monacoinproject has not engaged in "premining" since the launch of Monacoin, which means that the developer and all users have had equal opportunities to obtain coins from the start. This can be verified by inspecting the blockchain.

What makes MonaCoin (MONA) Unique?

MonaCoin, a Japanese cryptocurrency, has gained a following among its users and has developed several MONA-based web applications and services. The project's popularity has led to increased utility for its users.

Current price:

$0.2788More price details

All-time high:$20.23

All-time low:$0.01960

MONA supply and tokenomics

Circulating supply:65,729,676 MONA

Total supply:65,729,674.87 MONA

Max supply:105,120,000 MONA

Market cap:$18.33M

Fully diluted market cap:$29.31M

Links

Website:http://monacoin.org

Whitepaper:https://monacoin.org/#about

GitHub:https://github.com/monacoinproject/monacoin

Buy MonaCoin for $1Buy MONA now

What is the development prospect and future value of MONA?

The market value of MONA currently stands at $18.33M, and its market ranking is #795. The value of MONA is not widely recognized by the market. When the bull market comes, the market value of MONA may have great growth potential.

As a new type of currency with innovative technology and unique use cases, MONA has broad market potential and significant room for development. The distinctiveness and appeal of MONA may attract the interest of specific groups, thereby driving up its market value.

What will the price of MONA be in 2025?

Based on MONA's historical price performance prediction model, the price of MONA is projected to reach $0.3162 in 2025.

What will the price of MONA be in 2030?

In 2030, the MONA price is expected to change by -3.00%. By the end of 2030, the MONA price is projected to reach $0.4982, with a cumulative ROI of +78.70%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of MONA and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

MONA price MONA news

Is MONA worth investing or holding? How to buy MONA from a crypto exchange?

If you want to buy MONA, the following information may be helpful for your investment decisions:

In the last 7 days, the price of MONA has fallen by -0.49%, leading to negative returns for most MONA investors. The market is currently pessimistic about the price trend of MONA.

It is important to note that the current price of MONA has retreated by -98.62% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether MONA is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in MONA or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of MONA, if you want to buy or sell MONA, you can consider Bitget for your trading needs. The best place to buy MONA is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in MonaCoin has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy MonaCoin. Here's a step-by-step guide on how to buy MonaCoin on Bitget.

Buy MONA now Coin buying guide

How to get MonaCoin through other methods？

Using cash to buy MonaCoin is not the only way to obtain MonaCoin. If you have the time to spare, you can get MonaCoin for free.

Learn how to earn MonaCoin for free through the Learn2Earn promotion.

Earn free MonaCoin by inviting friends to join Bitget's Assist2Earn promotion.

Receive free MonaCoin airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to MonaCoin through Bitget Convert, Bitget Swap, or spot trading.

What is MonaCoin used for and how to use MonaCoin?

The use case of MonaCoin may expand as the crypto market and the project itself develop. Currently, you can use MONA to achieve the following goals:

Arbitrage by trading MONA: Since MONA is a frequently traded cryptocurrency, the price of MONA is always fluctuating. Earn more MONA by buying low and selling high on the exchange. Bitget spot market provides a variety of MONA trading pairs to fully meet your needs.

Earn by staking MONA: You can also generate income through financial management methods such as staking MONA or lending MONA. Bitget Earn offers a variety of financial products designed to help you earn more income from your MONA.

Send or pay MONA: If you want to give MONA to your friends, a charity, or a fundraiser, or you want to pay someone with MONA, you can quickly and easily send MONA to the recipient through their payment address.

You can also go to the official website of the MonaCoin project to learn more about the use cases of MONA. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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