What is the buzz about Monaco (MCO)

hashers (25)in #cryptocurrency • 7 years ago (edited)

Why is Monaco trending on Twitter?

On Gambiste we see that Monaco is trending in Twitter. There could be two reasons for that:

Around October 31 the developers removed the asset contract.
There is approval from VISA to produce Monaco VISA Cards.

On November 9, Monaco brings out a Tweet that Cards are designed. And on Bitcoin Talk we see that the first cards will be delivered in Asia followed by Europe and finally in the U.S.

What was the price-drop on October 31

That is probably related to the announcement to remove the asset contract. The price went down from 0.001699 BTC to 0.00073 BTC . Though it could be related to some other factors as well, since there are more cryptocurrencies showing a drop on this date.

Did the announcement of the approval from VISA increase the price?
On November 8 the price was: 0.00075 BTC and on November 09 0.001 BTC.

What happens next?

I think a big part of the community were disappointed about the contact asset. That was one of the main reasons investors were interested. It seems that the removal created a decrease of Trust in Monaco. If the cards really will be delivered to Asia, I believe that price would go up. Monaco will then win trust back (as well). And that is what I will do; waiting for first signs of the delivery of cards.

A side note: If you check the reviews on the app-Stores (Android and iOS), you will see that it is not always easy to upload your documents. Hopefully the developers have time to improve their apps as well.

For more reviews, tips and info check: Hashers.co.uk