MONACOIN PRICE STABILIZING AFTER MID-YEAR PUMP

Monacoin – the so-called ‘Japanese Dogecoin’ – took the altcoin markets by storm during July. As the Monacoin price increased, the coin shot up the market cap charts. Unfortunately, Monacoin fell prey to a pump and dump – a fate few altcoins have avoided. Now, five months later, it appears the Monacoin price is finally reaching a point of relative stability.
Monacoin Price Stabilizing
Monacoin launched on January 1, 2014, but it flew under the radar for the first half of the year. However, people began to take notice of Monacoin during mid-July, and the Monacoin price surged throughout the remainder of the month. From July 8 to August 1, the Monacoin price rose from 7,490 satoshis t0 119,726 – an incredible 1,500% rise. But then the dump struck.

This post was published at Crypto Coins News on November 3, 2014.