MON (Monad) increased by 10.67% in the past 24 hours

MON-4,12%
BTC-2,59%

Gate News Bot Message, February 5th, according to CoinMarketCap data, as of press time, MON (Monad) is trading at $0.02, up 10.67% in the past 24 hours, reaching a high of $0.02 and a low of $0.02. The current market cap is approximately $212 million, an increase of $20.5 million compared to yesterday.

Monad is a next-generation EVM-compatible public chain built for scalability. The network offers 10,000 TPS transaction throughput, sub-one-second finality, and low fees, while maintaining decentralized scalability. MON is fully compatible with EVM bytecode, allowing users to directly use Solidity contracts, EVM wallets, infrastructure, and development tools without learning a new tech stack.

Monad uses a custom database and low system requirements design, enabling validators to run nodes on consumer-grade hardware. The network has over 200 validator nodes, achieving true decentralization from day one, and continues to expand as demand grows.

Important recent news about MON:

1️⃣ Liquidity environment for risk assets remains under pressure The current crypto asset market risk appetite is generally low. The US dollar interest rate differential has supported the dollar since the beginning of the year, making it difficult for crypto assets like Bitcoin to serve as a hedge against the dollar. Instead, they are positioned as liquidity-sensitive risk assets. This shift in positioning directly impacts capital flows within the crypto ecosystem, so even if the dollar weakens, risk assets still face ongoing capital pressure, limiting the upside potential for secondary public chains like MON.

2️⃣ Market still lacks macro growth expectations The dollar’s weakness mainly results from short-term capital flows and market sentiment changes, rather than fundamental shifts in growth or monetary policy expectations. This means the market lacks clear expectations for economic recovery, and risk assets struggle to gain mid-term fundamental support. Against this backdrop, MON’s 10.67% increase mainly reflects short-term technical correction or market sentiment fluctuations, rather than signs of macroeconomic improvement.

This message is not investment advice. Please be aware of market volatility risks when investing.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Rejects $76K as War and PPI Rock Markets

_ Bitcoin rejected $76,000 resistance as US strikes on Iran, hot PPI at 3.4%, and Powell’s FOMC tone sent crypto and risk assets into a sell-off._ Bitcoin hit $76,000 and turned back around. The rejection was clean. Sellers were waiting right at the level that traders had marked for

LiveBTCNews24m ago

ZANO 4.6% gains 11.2% to $7.25, technical chart shows bullish rectangle pattern

Gate News reports that on March 19, ZANO token price surged rapidly to $7.25, up 11.2%, with trading volume rising in sync. Technical analysis shows ZANO exhibits a bullish rectangle pattern, with price entering a consolidation phase after the rapid surge, and market signs of buyer entry appearing.

GateNews1h ago

This Friday Traditional Financial Markets Welcome 'Quadruple Witching Day,' Bitcoin Volatility May Rise Accordingly

This Friday will see the quarterly derivatives event "Quadruple Witching Day," which may lead to increased market volatility. The current market environment is highly volatile, with the VIX index breaking through 35, and Bitcoin volatility is also likely to rise. Additionally, on March 27th, there is a large-scale derivatives expiration, which will intensify market volatility risks.

GateNews1h ago

XRP trading price is $1.43, and the RSI indicator shows oscillation in the neutral zone.

Gate News reported that on March 19, XRP is currently trading at $1.43, with a Relative Strength Index (RSI) of 49.65, sitting in the neutral zone. Technical analysis shows XRP price oscillating between the $1.40 support level and the $1.50 resistance level.

GateNews2h ago

ZANO Roars Back, Records 11.2% As Bullish Rectangle Structure Prints Continuing Market Rally: Ana...

Zano (ZANO) coin is experiencing a surge in price and trading volume, reaching $7.25. Analysts note a bullish rectangle pattern indicating sustained upward momentum, reflecting increased demand for privacy-focused cryptocurrencies amid broader market recovery.

BlockChainReporter2h ago

BTC rises 0.74% in 15 minutes: FOMC meeting digestion and short covering drive short-term volatility

Between 2026-03-19 15:45 to 16:00 (UTC), BTC experienced a 15-minute price range of 68787.0 to 69550.9 USDT, achieving a realized return rate of +0.74% with an amplitude of 1.11%. During the same period, market attention increased, short-term volatility intensified, and fund behavior and sentiment indicators both showed concentrated changes. The primary driver of this price movement was the conclusion of the FOMC meeting, after which the market saw no new bearish catalysts. Some short sellers chose to cover their positions, providing upward momentum to the price in the short term. Additionally, while ETF fund outflows reflected institutional profit-taking, they did not form a sustained trading

GateNews2h ago
Comment
0/400
No comments