Monaco (MCO) Price Headed for $10 as Project Visits Money 2020 Conference
The Monaco card was one of the few not affected by the WaveCrest fallout with VISA, thus giving it an advantage over competitors.
Monaco (MCO) was one of the few crypto assets continuing to grow as the markets slid. The coin grew by more than 10% on Tuesday to $9.67, possibly scaling the $10 levels. The Monaco card remains appealing and was presented at the Money 2020 fintech conference in Singapore. The card, which was unaffected by the WaveCrest troubles, is being tested in closed beta conditions.
Participating in user-friendly payment systems is one of the bids of crypto projects for mainstream fame and possibly price appreciation.
The dollar price of MCO has remained volatile in the past months, with peaks followed by fast corrections. The price in terms of Bitcoin has been flatter. At this point, MCO may see growth, but until volumes pick up again, that growth may be extremely fragile and easily wiped out by bouts of selling. So while the Monaco card product remains viable for now, the digital asset is on the riskier side.
Binance and Bittrex remain the largest markets for MCO, against Bitcoin.
Predictions for MCO price movements are contradictory as the markets give signs of hope, but low volumes and sliding prices suggest the period of booming prices is in the past. The MCO digital asset may benefit from the news of an official card launch for mass users, as well as an expected token lockup.
Make sure you buy some $MCO expecting more than one announcement this week possible beta realease plus some surprises, starting Monday Hong Kong time and throughout the week as they are a main sponsor at 20/20 money Asia. Anything between 70k-90k sats is a steal! #bitcoin #BTC pic.twitter.com/AohQnmXxFm— CRYPTO Shadow (@TronMooon) March 11, 2018
In the short term, MCO may outperform the markets as news come in from the Money 2020 event.
The Monaco Ecosystem
The Monaco project will continue to expand in 2018 with mobile versions for payment and investments.
We are excited to announce that we have begun closed beta testing for our wallet app, along with details of our investment and credit products. We are kicking off Money20/20 Asia with a bang! #cryptocurrency #fintech https://t.co/xIoMC954Ct pic.twitter.com/9AnRWC9YQS— Monaco Card (@monaco_card) March 12, 2018
Mobile fintech solutions remain the most wanted niche for blockchain projects, as this would be the fastest way to reach users. Asian markets are already well-used to mobile fintech payments, and several projects are clamoring to tap that niche with crypto coins. For now, while mobile wallets are getting more widely adopted, the spreading of crypto payments for millennial mobile users is still in the early stages.