Important points
- Monad aims to execute 10,000 transactions per second using Byzantine Fault Tolerant (MonadBFT) consensus and EVM compatibility.
- Monad’s real-world adoption, ecosystem development, and network stability could help it overcome Solana’s dominance in the market.
- The mainnet launch influenced the price of MON token to rise from the testnet stage.
- MON token has high liquidity with a market capitalization to volume ratio of 3.0995.
Monad’s current market scenario
Due to the recent mainnet launch, the market is currently bullish on the MON token. Below are the key indicators of Monad’s performance in the market.
- Fear and Greed Index: 22 (extreme fear)
- Market sentiment: Bullish
- Supply inflation: Not available
- Dominance: 0.02%
- Volatility: Not available
Monad Price Prediction: Today, Tomorrow, This Week
The mainnet launch influenced the price of MON token to rise from the testnet stage. This means there will be significant activity around this token, and this token has the potential to gain real-world adoption, develop an ecosystem, establish network stability and dominate the market.
Click here for short-term price prediction for MON token.
| date | price |
|---|---|
| November 27th | $0.04285 |
| November 28th | $0.04421 |
| November 29th | $0.04002 |
| November 30th | $0.03706 |
| December 1st | $0.03706 |
| December 2nd | $0.03476 |
| December 3rd | $0.03332 |
| December 4th | $0.03312 |
| December 5th | $0.03312 |
Market Outlook: Technical, Institutional Investor Activities and Macro Trends
Thanks to the recent mainnet launch, the MON token has a bullish outlook on the market. Overall momentum for the token is largely positive, paving the way for more direct purchases.
technical analysis
Monad is a new token that started trading just a few days ago. We have a good track record of token sales in USD, BTC, and ETH. Today’s price is down -13% from its all-time high. MON token has high liquidity with a volume of 3.0995. Market capitalization ratio. The current market capitalization of the MON token is $462.01 million, with a 24-hour volume of $1.43 billion. MON tokens are listed on popular exchanges such as Kucoin, Kraken, and Bybit, and traded against fiat currencies such as USD, KRW, and TRY.
On-chain scenario
There has been no significant on-chain activity on the Monad chain in the past 24 hours. Initial activities after the launch of the mainnet are progressing smoothly. Transactions complete with a 98% success rate. The network can sustain a steady 10,000 transactions per second.
organized activities
25% of the total supply of MON tokens is controlled by the top 10 investors. This means that Whale is confident in MON’s future performance. The fact that MON is listed on an exchange such as Kraken means that MON has reasonable liquidity in the market.
macroeconomic trends
MON tokens can be used as a hedge against inflation during times of increased global financial uncertainty. But for this to happen, the ecosystem needs to be able to strengthen the currency’s bullish trend and sustain it over the long term. If DeFi consolidation takes the lead, the price of MON token could increase by up to $0.05 by the end of 2025.
Conclusion: Will Monad become the next Solana?
Monad could be a strong competitor to the Solana blockchain in several aspects. Monad is Byzantine fault tolerant (MonadBFT) Consensus and EVM compatibility. Solana uses proof of history (PoH) in conjunction with the following features: proof of stake (PoS) Consensus that it actually performs 1,000-1,500 transactions per second.
Monad is highly decentralized, with a focus on decentralized validators and controlled tokenomics to avoid centralization of power. Monad aims to provide superior throughput at lower gas prices. Particularly appealing are the DeFiNFT, game project. Compared to Monad, Solana lacks EVM compatibility and may face network congestion.
With all these advantages, Monad has the potential to overtake Solana if market conditions are favorable. It also depends on actual adoption, ecosystem development, and network stability.
Also read: S&P Global downgrades Tether’s USDT stability rating to lowest tier
