Understanding the current status and historical movements of any cryptocurrency is crucial for both potential investors and curious onlookers. When it comes to “monkeys coin price,” we’re delving into the specifics of Monkeys (MONKEYS) token, a relatively niche player in the expansive digital asset landscape. This comprehensive article will break down the latest available data, offering insights into its current valuation, recent performance, and key factors that influence its market behavior.
Current Snapshot of Monkeys Coin Price
As of the latest available data, the monkeys coin price exhibits characteristics typical of a micro-cap cryptocurrency – low value, limited trading volume, and significant volatility. Let’s examine the immediate figures:
- Current Price Range: The price of Monkeys (MONKEYS) token is currently hovering between approximately $0.0000004112 and $0.0000004684 USD. This ultra-low price point places it firmly in the category of “penny cryptos,” or more accurately, “nano-cryptos.”
- 24-Hour Trading Volume: The trading activity for MONKEYS is relatively modest, with a 24-hour trading volume ranging from around $75.15 to $104.25 USD. This limited volume suggests that liquidity might be low, meaning larger buy or sell orders could significantly impact the monkeys coin price.
- 24-Hour Price Change: In the past 24 hours, the monkeys coin price has shown a slight positive movement, with an increase of approximately +0.48% to +0.61%. While positive, this minor fluctuation within such a low price range indicates minimal immediate momentum.
- 7-Day Price Change: Looking at the broader weekly trend, the monkeys coin price has experienced a decline of approximately -6.06%. This indicates that despite the marginal positive movement in the last 24 hours, the token has faced downward pressure over the past week.
These figures paint a picture of a cryptocurrency that is highly accessible due to its low unit price but also carries inherent risks due to its limited market activity and volatile nature.
Deeper Dive into Monkeys (MONKEYS) Token Metrics
Beyond the immediate price and volume, several other metrics provide crucial context for understanding the monkeys coin price and its position in the cryptocurrency ecosystem.
Market Capitalization: A Missing Piece
One of the most significant pieces of information currently unavailable for Monkeys (MONKEYS) is its market capitalization.
- Market Cap Status: The market cap for MONKEYS is currently not available.
- Reason for Absence: This unavailability stems from the fact that the circulating supply is not reported.
The absence of a reported circulating supply is a critical point for any potential investor. Market capitalization (Current Price x Circulating Supply) is a fundamental metric that helps assess the overall value and size of a cryptocurrency. Without it, it’s challenging to compare MONKEYS to other digital assets or to gauge its true market footprint. This lack of transparency can be a red flag for some investors, as it makes fundamental analysis much more difficult.
Historical Price Extremes: All-Time High and Low
Understanding the historical extremes of the monkeys coin price provides perspective on its past performance and potential volatility.
- All-Time High (ATH): The highest recorded monkeys coin price was $0.00007962. This figure is significantly higher than its current price, indicating a substantial retracement from its peak.
- All-Time Low (ATL): The lowest recorded monkeys coin price was in the range of $0.0000001719 to $0.000000171938. This shows a remarkable recovery from its absolute bottom, but also highlights the extreme downside potential inherent in such assets.
Comparing the current price to these extremes reveals the journey the token has undertaken. While the current price is far from its ATH, it is also well above its ATL, suggesting some level of resilience from its lowest point.
Important Considerations for Monkeys Coin Price
Investing in or even just observing micro-cap cryptocurrencies like MONKEYS requires a nuanced understanding of the broader market dynamics and specific challenges these assets face.
Volatility: The Inherent Nature of Crypto
The cryptocurrency market is notorious for its volatility, and the monkeys coin price is no exception.
- Rapid Price Swings: The price of MONKEYS can change significantly in short periods. This is due to a combination of factors, including low liquidity, speculative trading, and sensitivity to broader market trends.
- Impact on Investors: For traders, high volatility can present opportunities for quick gains, but it also carries an equally high risk of rapid losses. For long-term holders, extreme volatility can be emotionally challenging and lead to significant portfolio fluctuations. It’s crucial for anyone considering MONKEYS to be prepared for substantial price swings.
Market Dominance: A Small Footprint
The relative size of a cryptocurrency within the entire market is indicated by its market dominance.
- Negligible Dominance: Monkeys Token currently holds a very small market dominance of 0.0000049%.
- Implications: This minuscule percentage means that MONKEYS has virtually no influence on the overall crypto market and is highly susceptible to the movements of larger cryptocurrencies like Bitcoin and Ethereum. Its price action is primarily driven by its own internal dynamics and speculative interest rather than broader market sentiment.
Circulating Supply: The Transparency Challenge
As previously mentioned, the lack of reported circulating supply is a significant hurdle in assessing the true value of the monkeys coin price.
- Difficulty in Assessment: Without a clear figure for circulating supply, it becomes nearly impossible to accurately calculate the market capitalization. This makes it difficult to compare MONKEYS to other projects that do report this metric.
- Trust and Transparency: In the world of decentralized finance, transparency is often highly valued. The absence of this key data point can raise questions about the project’s openness and data availability. Investors typically prefer projects with clear and verifiable supply information.
Price Predictions: A Grain of Salt
Many online platforms and analysts offer price predictions for various cryptocurrencies, including Monkeys Token.
- Based on Analysis and Forecasts: These predictions are typically based on technical analysis, historical data, market trends, and sometimes fundamental analysis of the project’s utility or development.
- Not Guarantees: It is absolutely crucial to understand that price predictions are not guarantees of future performance. The cryptocurrency market is inherently unpredictable, and numerous unforeseen factors can influence prices. Investors should use predictions only as a very small part of their research and never as the sole basis for investment decisions. Due diligence and risk assessment are paramount.
Understanding the “Monkeys” Project (if information is available)
While the AI overview focuses on the price, a comprehensive understanding of “monkeys coin price” would ideally include details about the project itself. However, based solely on the provided AI overview, specific details about the project’s utility, team, roadmap, or technology are not available. This absence of information is common for very small, nascent, or meme-focused tokens.
If one were to research beyond this overview, they would look for:
- What is Monkeys (MONKEYS) Token? Is it a meme coin, a utility token, or part of a larger ecosystem?
- What problem does it solve? Or what unique value proposition does it offer?
- Who is behind the project? Is the team public or anonymous?
- What is its technology? Is it on a well-known blockchain like Ethereum, Binance Smart Chain, or another network?
- Community and Development: Is there an active community? Is the project actively being developed and improved?
Without this fundamental project information, the monkeys coin price remains largely a speculative asset, driven purely by market sentiment and trading dynamics rather than tangible utility or development.
Factors Influencing Monkeys Coin Price
Several overarching factors can influence the monkeys coin price, similar to other cryptocurrencies, but with amplified effects due to its small size:
1. Overall Market Sentiment
The general mood of the broader cryptocurrency market plays a significant role. If Bitcoin and Ethereum are performing well, it can create a positive ripple effect, even for smaller tokens. Conversely, a bearish market can drag down even seemingly resilient assets.
2. Speculative Trading
Given its low unit price and high volatility, MONKEYS can attract speculative traders looking for quick gains from rapid price swings. This type of trading can lead to artificial pumps and dumps, making the monkeys coin price unpredictable.
3. Social Media and Community Hype
For many small-cap and meme coins, social media buzz, influencer endorsements (or lack thereof), and community sentiment can heavily influence price. A sudden surge in interest on platforms like Twitter, Reddit, or Telegram could temporarily inflate the monkeys coin price.
4. Exchange Listings
Listing on new, larger, or more accessible cryptocurrency exchanges can significantly increase a token’s exposure, liquidity, and trading volume, potentially driving up its price. Conversely, delistings can have a devastating effect.
5. Project Development and News (If Any)
Should the Monkeys project ever release significant updates, partnerships, or achieve development milestones, such news could positively impact the monkeys coin price. However, without reported development, this factor is currently moot.
6. Economic Factors
Broader macroeconomic conditions, interest rates, inflation, and regulatory news can also indirectly influence investor appetite for riskier assets like cryptocurrencies, thereby affecting the monkeys coin price.
Conclusion: Navigating the Monkeys Coin Price Landscape
In summary, the monkeys coin price reflects a cryptocurrency that is currently at a very low valuation, experiencing limited trading volume, and highly susceptible to market fluctuations. Its most notable characteristics include:
- A current price in the nano-dollar range ($0.0000004112 to $0.0000004684 USD).
- Minimal 24-hour trading volume ($75.15 to $104.25 USD).
- A recent positive 24-hour change (+0.48% to +0.61%) contrasted with a negative 7-day trend (-6.06%).
- The critical absence of a reported market capitalization due to an undisclosed circulating supply.
- Significant volatility, evidenced by its wide range between an all-time high of $0.00007962 and an all-time low of $0.0000001719.
- A negligible market dominance of 0.0000049%.
For anyone considering involvement with MONKEYS, it is paramount to proceed with extreme caution. The lack of fundamental project information, combined with high volatility and low liquidity, positions it as a high-risk, high-reward speculative asset. As with all cryptocurrency investments, thorough research (beyond just price data), understanding the inherent risks, and only investing what one can afford to lose are indispensable principles. The journey of the monkeys coin price will undoubtedly continue to be influenced by market sentiment and speculative interest, making it a token to watch for those interested in the fringes of the crypto market.
How much is a MONKEY coin worth?
As of now, the price of 1 Monkey (MONKEY) in Nigerian Naira (NGN) is about ₦0.0 6 7356.
Has the MONKEY coin been launched?
Good point! Monkeys Token (MONKEYS) is a cryptocurrency launched in 2023and operates on the Ethereum platform. Monkeys Token has a current supply of 500,000,000,000 with 0 in circulation. The last known price of Monkeys Token is 0.00000047 USD and is up 0.00 over the last 24 hours.
What are MONKEY coins for?
Monkey Coin is a cutting-edge cryptocurrency designed to revolutionize the digital finance landscape. With a focus on accessibility, security, and innovation, Monkey Coin aims to empower users worldwide to participate in the burgeoning crypto economy.
Where can I sell MONKEY coins?
Create a Coinbase account to buy and sell Monkeys Token on the most secure crypto exchange.