Trends Exchanges ICOs Countries Tips How does it work?
Sign Up Login

MonaCoin (MONA)

Market Cap

$95,994,857 USD

Volume (24h)

$691,390 USD

3.9
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    MonaCoin Markets Rank: 7/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    MonaCoin Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    MonaCoin Market Cap Rank: 97/100

  • 24h Change

    Is the price moving up or down?

    MonaCoin 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    MonaCoin Social Following Rank: 85/100

  • Google Trends

    How many users are searching for the coin?

    MonaCoin Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    MonaCoin Twitter Citation Rank: 51/100

  • User Voting

    How popular is this coin among Cointobuy community?

    MonaCoin User Voting Rank: 95/100

MonaCoin investment analysis

MONA was the first Japanese cryptocurrency. This coin was first created in 2013, and as such it's a pretty old asset that still has a few loyal followers remaining. Most of them are left checking the project's bitcointalk thread hopelessly for updates. Unfortunately, it doesn't really do much else besides be a coin.

It has no other features that set it apart, it has no roadmap, it has no real use cases, and the development team has long since abandoned it. It uses the Lyra2RE algorithm, and it can still be mined should you want to try doing so though. While it has no social media there is a website, barely. Buyer beware on a MonaCoin investment.

current price
$1.56
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+326.8%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$6.65
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

116/877
by Safety
510/877
by Profit
historical data

How to buy MonaCoin?

You can buy MonaCoin on a surprising number of exchanges considering what it is, and it has a good bit of volume as well. The most popular trading pairs for this coin are the Japanese Yen and Bitcoin. I was surprised to see this one listed on Bittrex as well as newer exchanges even. No doubt community funded applications.

To store your investment you can use the official desktop wallets or you can also store this asset in the multi-crypto mobile wallet from Coinomi on your Android phone if you wish. Or by using Bluestacks Android emulator on a Windows desktop. I would honestly opt for the mobile wallet out of fear of a bug in the official wallets that may never be fixed due to the lack of a dev team.

Is it safe to invest in MONA now?

MonaCoin never really had much of anything going for it to start with. It has steadily achieved a surprising price through natural growth, but if you invest in MONA you should be aware of what it really is.

The development team have long since abandoned this project. As such there will be no further updates or support unless the community decides to take it over. While this is always a possibility I don't currently see any indication of it happening. I would imagine that most of the trades for this coin are due to certain parties trying to manipulate the price to make small gains.

As such I would avoid this one as it's likely that due to the relatively small supply the price is being manipulated. If you do want to play this game take care not to get burnt by whales looking to make a fast buck on you.

This asset has no social media, no marketing, and it barely has a website. The only information is a small blurb about the coin's creation, but there's not much else there. Should you have an issue with a wallet you could turn to the community thread on bitcointalk for help, but other than that there are no resources.

If you are a miner it's possible you could mine MONA to make a little money should you have the appropriate hardware, but I don't see much value in it long term seeing as there's no real reason to use it. While I have seen an article or two touting it as the "Japanese bitcoin" I'm just not seeing it.

Unlike Bitcoin and even Litecoin nobody accepts MonaCoin for purchases. I just can't see the fact that it's a "meme" adding enough value to make this a worthwhile long or even short term play. Even Doge, everyone's favorite meme coin has a real use case. There are real businesses and services that accept it.

This is not the case with MONA, so I'm afraid I'll have to avoid this one. It looks a lot less like an investment, and a lot more like a potential pump and dump trap where newbie investors will lose their hard earned savings.

Leave your comment

Comments (0)

In order to leave a comment
please enter the website
Sign Up Login