Monacoin (MONA) Surges over 200% After CoinCheck Listing

June 3, 2019 | 0 minutes read

Monacoin (MONA) jumped to $2.54 last Friday and reached $3.00 the next day. It peaked at $3.59 on June 2 before settling within the $2.50-to-$3.00 range.

Monacoin (MONA), the first native Japanese cryptocurrency, continues to trade within the $2.50 to $3.00 range after jumping by more than 100 percent on May 31.

The recent price surge followed the CoinCheck announcement that the cryptocurrency exchange would list the meme-based crypto this month.

「Monacoin(MONA)」の取り扱い開始についてhttps://t.co/cbaIhkHDNj
— Coincheck(コインチェック) (@coincheckjp) May 31, 2019

News of MONA getting listed on an exchange other than Bittrex spurred excitement among Japanese traders, causing the price to reach further heights amid a bullish crypto market.

MONA peaked at $2.54 last Friday, but the altcoin kept pushing on and broke the $3.00 mark on June 1. MONA set a new high for the past year at close to $3.60.

Sometimes regarded as the Japanese version of Litecoin, MONA trades against USD at $2.90 at the time of writing, down by almost 12 percent from the past 24 hours.

Monacoin, a Litecoin fork established in January 2019 in Japan and released by the pseudonymous developer Mr. Watanabe, was once in the top 20 cryptocurrencies in the world. In December 2017, the MONA/USD pair traded close to $15.

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