Why Japan Fell in Love with Monacoin, the Cat Meme Cryptocurrency

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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