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MonaCoin (MONA) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of MonaCoin is $0.428532, which is 0.060% higher than yesterday. Prices have ranged between $0.440078 and $0.425715 over the past 24 hours. All prices are listed in US dollars and accurate as of January 27, 2023 04:01 UTC.
Though the boom of cryptocurrency was largely seen in the latter part of the 2010s, a number of older networks are still being developed and present viable solutions to the financial issues of society. MonaCoin is the first cryptocurrency developed and used in Japan, having been developed in 2013.
Named after a meme, MonaCoin is a fork of the LiteCoin protocol and operates on a Proof-of-Work (PoW) consensus. It is frequently available for spending in Japan retail and e-commerce websites. The prime use case of MonaCoin is for microtransactions in online games and third party mobile applications. There is also a native infrastructure known as Monappy, where users can store their MonaCoins, purchase goods (such as Manga) and stream video games. In spite of its focus in Japan, MonaCoin is available globally. MONA is the native token of the MonaCoin network. It is used similarly to most other currencies – exchanged for goods and services, and can be mined.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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