Why Japan Fell in Love with Monacoin, the Cat Meme Cryptocurrency
Never mind the cute Shiba Inu of dogecoin, people in Japan are falling for a new Internet meme-based cryptocurrency - the locally invented and cat-logoed 'monacoin'. While it has only about a third the market cap of dogecoin, the scrypt-based monacoin held a 12th place ranking for the past week on Coinmarketcap and was in the top 10 on Cryptocoinrank with a market cap of $6.13m - despite estimates that 90% of its user base is located in Japan. Few other, if any, non-bitcoin cryptocurrencies have achieved this level of interest with such a geographic concentration of users. At least five....
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The Monacoin price had a terrible week. The "Japanese Dogecoin" saw its price fall by more than 20%, including more than 10% in the past day alone. However, the Monacoin price has historically been very volatile, and the recent price decline is not an unusual occurrence. CCN examines this altcoin price movement. Also Read: Dogecoin Price Rocket-ship Runs Out of Fuel. Monacoin Price Falls. The Monacoin price as 17,725 satoshis on October 9. The next day, it rose slightly to 18,930 satoshis. That mark would prove to be Monacoin's weekly peak. On October 11, the Monacoin price declined to....
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. Also read: Monacoin Price Has Terrible Week. 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....
Ethereum whales have always been big on meme coins. Coins like Shiba Inu and Dogecoin have gotten massive love from these whales who hold a good chunk of the ETH supply. Even through the downtrends, these whales have continued to show love for these meme coins and they have not deviated from it. In the […]
Japanese startup Tech Bureau Inc. launches a new cryptocurrency exchange, dubbed Zaif exchange, supporting Bitcoin as well as the "Japanese Dogecoin," Monacoin, in a bid to become "the hub that connects Japan to the global cryptocurrency market." Backed by US$835,000 in funding from Nippon Technology Venture Partners, a Japanese venture capital firm that focuses on early-stage investing for startups, Tech Bureau Inc. acquired local digital currency exchange Etwings, and relaunched the service yesterday, after making significant improvements in its platform, including the addition of....
Veteran Japanese VC Kazutaka Muraguchi says cryptocurrencies are the key to a "worldwide financial revolution", following his firm's ¥100m ($828,000) investment in Japan's latest crypto exchange. Speaking to CoinDesk, the Nippon Technology Venture Partners (NTVP) general partner said he jumped at the opportunity to invest in Osaka-based platform Zaif as he had been interested in currency innovation for 15 years. The exchange, run by Tech Bureau, lets users trade in Japanese yen, bitcoin and monacoin, a cat-themed cryptocurrency. It could become the hub that "connects Japan to the global....