MonaCoin Hits Market Capitalization of $42.58 Million (MONA)

MonaCoin (MONA) traded up 1.1% against the US dollar during the 1-day period ending at 13:00 PM Eastern on May 21st. One MonaCoin coin can now be bought for approximately $0.65 or 0.00002200 BTC on major exchanges. MonaCoin has a market cap of $42.58 million and $74,378.00 worth of MonaCoin was traded on exchanges in the last 24 hours. In the last week, MonaCoin has traded down 2.6% against the US dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

  • Zcoin (XZC) traded flat against the dollar and now trades at $4.23 or 0.00022429 BTC.
  • Vertcoin (VTC) traded up 2.9% against the dollar and now trades at $0.16 or 0.00000557 BTC.
  • AICHAIN (AIT) traded up 2.3% against the dollar and now trades at $0.0023 or 0.00000008 BTC.
  • CoinZoom (ZOOM) traded flat against the dollar and now trades at $225,092.29 or 0.00000028 BTC.
  • Coinversation (CTO) traded down 20.4% against the dollar and now trades at $0.10 or 0.00000271 BTC.

MonaCoin Coin Profile

MonaCoin is a proof-of-work (PoW) coin that uses the Lyra2RE hashing algorithm. It launched on January 1st, 2014. MonaCoin’s total supply is 65,729,675 coins. The official website for MonaCoin is monacoin.org. The Reddit community for MonaCoin is /r/monacoin and the currency’s Github account can be viewed here. MonaCoin’s official Twitter account is @_monappy_ and its Facebook page is accessible here.

According to CryptoCompare, “Monacoin, conceived in December of 2013, is the first alternative cryptocurrency developed in Japan. It is based on the popular ASCII art character, Mona.¬†Monacoin¬†is not a payment system controlled by one single entity, but a fully distributed payment system preserved by everyone who uses it via client applications running on their computers. “

Buying and Selling MonaCoin

It is usually not presently possible to purchase alternative cryptocurrencies such as MonaCoin directly using US dollars. Investors seeking to acquire MonaCoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase MonaCoin using one of the exchanges listed above.

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