Categories: Altcoins

MonaCoin Price Pump Yields a 40% Gain

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As the Saturday afternoon almost draws to a close, there are still plenty of crypto market changes to take advantage of. The Monacoin price is going on an absolute rampage as of right now, although few people will be able to pinpoint the exact reason for this unexpected uptrend.

MonaCoin Price Pumps Pretty Hard

It is always interesting to take note of the different cryptocurrencies and their price trends throughout the weekend. Although MonaCoin has never made too much of an impact in the Western world, it is a very popular currency in Japan. This altcoin has noted some of the biggest gains in all of cryptocurrency throughout the month of April, yet no one really knows why.

Over the past 24 hours, the MonaCoin price has risen by 40.3% to move back to $0.897155. There is also a strong 39% push in MONA/BTC, as this ratio has shifted back to 16.815 Satoshi. Traders looking to increase their BTC holdings will be more than happy with the way this altcoin performed today, although these gains might not remain in place for too long.

On social media, it seems there is some confusion as to what is going on with MonaCoin right now. Oliver 90210 seems to indicate this pump is primarily the result of major purchases in MONA/JPY taking place throughout the day. Assuming Japan will kick off the next major bull run, this may be a sign of what is yet to come for other markets as well.

$mona pumping hard today thanks to strong purchase vs $JPY in Japan

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