In Japan, the MonaCoin electronic payment system is actively popularized. The coin acts as a settlement tool when buying offline/online products on virtual trading floors, the number of which is growing steadily. Transactions are conducted through the Zaif terminal, which carries out financial transactions in Japan with the participation of cryptocurrencies.
Recently, the price of MONA cryptocurrency reached more than $2. What are the prospects of Monacoin crypto? You can find out all about MonaCoin future in this price prediction for the next five years.
MonaCoin (MONA) Fundamental Value
The release of MONA took place on January 1, 2014 at ni-channeleru – the local network mega-forum (more than 600 platforms announced), which was the first to offer the settlement with this coin. After advertising on WBS TV Network Tokyo, a lively interest in the first national cryptocurrency swept the whole country and attracted the attention of investors from other countries.
The first Japanese cryptocurrency is a fork of LTC and is an open-source decentralized 2P2 ecosystem. The idea of creation belongs to Mr. Watanabe (not a rare nickname in Japan). It has not yet been possible to establish the real identity of the author. There is a certain parallel with the founder of Bitcoin, Satoshi Nakamoto, who also keeps incognito.
The mentality of Japanese citizens seeking to use exclusively domestic products explains the emergence and implementation of the idea. The Japanese have long needed their own cryptocurrency, with which they can pay for goods and services.
The incognito of the author of the cryptocurrency MonaCoin is not the only dubious merit of the project. It is also impossible to establish the identities of the development team. The roadmap is for internal use only, the plans of the developers remain a secret to the public.
As a fork of LTC, the MonaCoin cryptocurrency is based on the Litecoin electronic blockchain chain. Technical parameters of Blockchain MonaCoin are presented in the table:
|Block generation time||1,5 minutes|
|Miners’ Reward||25 coins for each generated block. The halving occurs doubly every 3 years or after the generation of each 1,051 million blocks|
|Block Difficulty||It is regulated by the Dark Gravity Wave (DGW) algorithm, which complicates the generation of each subsequent block in the EPS blockchain chain|
|Hashing Algorithm||Initially Scrypt. After generating 450,000 blocks, Lyra2RE (v2) is integrated into the electronic architecture, which is not available for ASIC chips.|
|Consensus Protocol||Proof of Work|
MonaCoin (MONA) Price History
Monacoin price history had several peaks. The all-time highest price occurred on 6th December 2017. The MONA coin reached $20.23. The price has never gone so high again. Since that moment, it was gradually going down. Now the price of one MONA is $1.32.
MonaCoin Technical Analysis
We do not have any precise technical analysis. However, we’ve got an aggregated opinion of technical analytics from Trading View source.
MonaCoin (MONA) Price Prediction for 2020-2025
Here we’ve got a wide range of opinions from various sources. Find out all the price predictions below.
#1. Digital Coin Price MONA Price Prediction for 2020-2025
MonaCoin (MONA) price will increase. According to the source, MONA cryptocurrency is a profitable investment. In 2021, the price of MonaCoin can go up to $3. By the end of 2022, the price will go up to $3.5. In 2023-2025, the price will gradually go up and reach $7.
#2. Wallet Investor Price Prediction for MonaCoin (MONA)
According to Wallet Investor, MONA is a bad long-term (1-year) investment. The price of MonaCoin may drop from 1.329 USD to 0.1041 USD. The change will be -92.170%. By the end of 2025, the price will go down to $0.022.
#3. Crypto Ground Price Prediction for 2020-2025
Based on the data, it can be predicted that it is Profitable to invest in MonaCoin (MONA) for the long term. The price of MonaCoin (MONA) in 5 years will be around $11.7559.
As you can see, MonaCoin cryptocurrency can be a good investment. Please, remember that the crypto market is volatile, so make sure you’ve found out all the details about the coin. You always can buy another cryptocurrency via Changelly platform.
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