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What is MonaCoin?
Monacoin is considered the first Japanese cryptocurrency. Launched in 2013, MonaCoin gets its name from a famous Japanese cat created from ASCII symbols. It was designed to be a payment token rather than a speculative investment and was created from a hard fork from Litecoin.
The creators of Monacoin are anonymous, and as a group refer to themselves as "Mr. Wantanabe." The users of Monacoin are what keep its popularity growing. The currency is widely accepted in Japan, both in stores and online. Its popularity and acceptance are in part because Monacoin has been approved by Japan’s Financial Service Agency, and smart ATMs that are designed to handle cryptocurrency trading are available to encourage users. Every one and a half minutes, new blocks of Monacoin are processed, almost ten times as fast as Bitcoin. These lightning-fast transactions result in low transaction costs and the low costs make converting Monacoin into actual fiat currency extremely efficient.
The most popular place for users to exchange their Monacoin is Bitbank where it can be traded with yen. It is most frequently used as a payment mechanism on mobile applications to provide tips. While not an official government issued currency, Monacoin has carved out a niche for itself in Japan. Because of the regulatory acceptance from the Japanese government, adoption has been a much smaller hurdle than in other countries that face negative pressure from governing bodies.
MonaCoin Market Price Ticker Chart
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MonaCoin Frequenty Asked Questions
Where does MonaCoin (MONA) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, MonaCoin currently ranks in position 199 out of the top 1000 cryptocurrencies. Another important factor in popularity is MonaCoin‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. MonaCoin has a market cap of $ 125,206,970, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 830,530,031,224, Litecoin at $ 10,853,933,229, Ethereum at $ 160,939,373,553, Tether at $ 35,198,057,071, and XRP at $ 18,909,007,446.
What is the price of MonaCoin (MONA) today (updated in realtime)?
The current price of MonaCoin is $ 1.72 in USD. (The price in Euros is 1,42 €; and the price in Bitcoin is Ƀ 0.00003900 BTC.)
How has MonaCoin (MONA) performed recently?
MonaCoin‘s price has decreased in the last 24 hours by -8.92%. The change in price over the last seven days was -33.17%. The trading volume over the last 24 hours was $ 7,880,309. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is MonaCoin‘s (MONA) market supply?
The total circulating (available) supply of MonaCoin is 72,755,000 MONA. The total supply of MonaCoin is 105,120,000 MONA.
What is the 24 hour volume for MonaCoin (MONA)?
The 24 hour volume of MonaCoin is $ 7,880,309.
What is MonaCoin (MONA) official website?
MonaCoin‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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