Understanding MONKEY: The First Coin Launched by a Monkey
MONKEY is a decentralized cryptocurrency that leverages blockchain technology to secure transactions. It represents a novel approach in the digital asset space, often capturing attention due to its unique origin story and community-driven nature.
As a decentralized currency, it operates free from control by governments or financial institutions, offering an alternative to traditional fiat currencies. However, investing in, trading, or purchasing MONKEY is complex, and its price is highly volatile. It is crucial to conduct thorough research and understand the associated risks before committing any funds.
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MONKEY Market Performance and Live Data
The current price of MONKEY is $0.000070407. Over the last 24 hours, its value has increased by +58.78%. It currently has a circulating supply of 999,999,826 MONKEY tokens and a maximum supply of 999,999,826 MONKEY, resulting in a fully diluted market capitalization of approximately $70,407.03. The MONKEY/USD price pair is updated in real-time to reflect live market conditions.
Key Market Metrics
- Current Price: $0.000070407
- 24h Price Change: +58.78%
- Circulating Supply: 999,999,826 MONKEY
- Market Cap (Fully Diluted): $70,407.03
How to Buy and Securely Store MONKEY
You can acquire MONKEY tokens on various cryptocurrency exchanges or through peer-to-peer (P2P) marketplaces. The process typically involves creating an account on a supported platform, completing any necessary verification, and executing a trade.
Once purchased, securing your assets is paramount. You can store your MONKEY tokens in one of two primary types of crypto wallets:
- Hot Wallets: These are software-based wallets installed on your internet-connected devices, such as computers or smartphones. They offer convenience for frequent trading but are more vulnerable to online threats.
- Cold Wallets: These are physical hardware devices that store your private keys offline. They provide a significantly higher level of security for long-term storage, as they are immune to online hacking attempts.
Community Sentiment and Social Buzz
The MONKEY project has generated significant discussion within crypto social circles. Community engagement often revolves around its memetic value and speculative potential. Notable social interactions have included mentions from other crypto communities and lighthearted banter among holders, contributing to its visibility and volatile price action.
It is important to remember that social media content is provided for informational purposes only. It often represents the opinions of third parties and should not be considered financial advice or an endorsement of any kind. The crypto market is driven by global supply and demand dynamics, and short-term volatility can be attributed to significant shifts in these market forces.
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Frequently Asked Questions
What is the current price of MONKEY?
The current price of 1 MONKEY is $0.000070407, with a 24-hour price change of +58.78%. Prices are updated in real-time based on live market data.
How does cryptocurrency work?
Cryptocurrencies like MONKEY are digital assets that operate on a public ledger called a blockchain. This technology records all transactions across a network of computers, ensuring security and transparency without the need for a central authority.
Why does the price of MONKEY fluctuate so much?
The price of MONKEY fluctuates due to the global dynamics of supply and demand specific to cryptocurrencies. Its short-term volatility is often driven by major shifts in market sentiment, news events, and overall trading activity within the broader digital asset space.
Can I buy MONKEY on major exchanges?
Availability varies by platform. Always check the latest listings on your preferred exchange for the most current information. Projects are continuously being evaluated and added by trading platforms.
What was the total value of 1 MONKEY today?
At the time of writing, 1 MONKEY is valued at $0.000070407. For the most recent price movements and historical charts, you should consult a reliable live data source.
When was cryptocurrency invented?
Interest in decentralized finance surged following the 2008 financial crisis. Bitcoin offered an innovative solution as a digital asset secured on a decentralized network. Many other tokens, including MONKEY, have been created since then, each with its own unique attributes and communities.