The $5 race between Aion, Monacoin and Ethos is on! Which one will hit $5 first? To predict this, we need to first look at the key fundamentals of each of them.
Let’s start with Monacoin (MONA). This coin has been in the market since 2013, and is a fork of Litecoin. It aims to make transactions faster and cheaper when compared to both Bitcoin and Litecoin. While this coin may strike you as a joke considering that it features a cat meme, it is actually a serious coin, with a market cap of over $200 million at current prices. Its key value driving force is the Japanese market, where it has been adopted by a size able segment of crypto enthusiasts in that country. The best thing about Monacoin is its historical disassociation with the price of bitcoin. In essence, even when bitcoin drops, Monacoin tends to hold its value as the rest of the altcoins drop.
The second coin is Ethos. This coin is designed to put the power of finance in the hands of the masses. It does this by allowing investors to participate in the crypto market through social trust, which means even those who don’t understand blockchain can make informed investment decisions. On top of that, it has a universal wallet, which means that you don’t have to store different coins on different platforms. Basically, it makes blockchain easy to the layman, with the key being mass adoption of cryptocurrencies.
Lastly, we have Aion. Aion is a crypto platform that aims to make blockchains communicate more seamlessly. It also aims to increase scalability in a highly secure network. AION more like a third generation blockchain that eliminates the challenges that face second generation blockchains, such as Ethereum.
With this background, we believe that all three projects are awesome, but Monacoin (MONA) will take the crown in the race to the $5 mark. Here’s why. Firstly, MONA Coin has a significant following in one of the most important crypto markets on the planet. Japan, China and South Korea are arguable the largest markets, which explains why crypto investors closely follow developments in these three countries.
Therefore, acceptance in this market is a clear headstart for Monacoin. On top of that, its lack of correlation to the price of bitcoin as compared to the other altcoins makes it a safe bet for many investors, especially in highly volatile market environments, such as the one we are undergoing right now.
There is also the fact the other two, that is, ETHOS and AION face stiff competition in their respective markets, without the backing of market acceptance that Mona coin enjoys. Take AION for example, its key selling points of connecting blockchains in a scalable and secure environment is already being done by other more dominant projects. This makes it difficult for this coin to get to the $5 mark as easily as Monacoin (MONA).
Even from a price perspective, Monacoin is ahead in this race. It is currently trading at around $3.98, way ahead of Aion which is currently at $3.28 and Ethos which is still below $3. That’s our prediction though, what’s yours?