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MCO

MCO

$ 0.7284
+ 0.55%
24H Low$0.7220
24H High$0.7437
24H Volume
8.31
All-Time High(ATH)
$22.02
All-Time Low(ATL)
$0.1053
Market Cap
--
Fully Diluted Valuation
23.01M
Market Cap/FDV
0.00
Circulating Supply
--
Total Supply
31.59M MCO
Max Supply
Market Sentiment
--
* Data from 3rd parties

MCO (MCO) Price Trends

Time period
Change amount
% Change
1H
$ -0.009801
-1.35%
24H
$ 0.004029
0.55%
7D
$ -0.08605
-11.81%
14D
$ 0.007793
1.07%
30D
$ 0.7876
108.13%
1Y
$ -0.5874
-80.64%

Live MCO (MCO) Price Update

MCO price today is $0.7284 with a 24-hour trading volume of 8.31, and as such MCO has a market cap of --, giving it a market dominance of 0%. The MCO price moved 0.5531% in the last 24 hours.

MCO reached its highest price on 2017-08-28 when it was trading at its all-time high of $22.02, while its lowest price was recorded on 2020-12-01 when it was trading at its all-time low of $0.1053. The current lowest price since the last cycle high was $0.1053, and the highest price since the last cycle low was $22.02. The social sentiment of MCO is currently Positive.

The current circulating supply of MCO is -- MCO. In terms of market cap, MCO is currently ranked .

About MCO (MCO)

Crypto.com, the pioneering payments and cryptocurrency platform, seeks to accelerate the world’s transition to cryptocurrency. The MCO Token Sale was conducted in May-June 2017 and raised US$26.7 million. MCO Card is a Visa-branded debit card that draws from a cryptocurrency-funded bank account. Since it’s a Visa card, you can use your MCO Visa card just like you would any other card. The card and bank account are free for holders of cryptocurrency. In order to open an account, you simply sign up, verify your identity, and transfer any of the various accepted cryptocurrencies to your account. At this time, the Visa card is available to customers in Asia. They also have a waitlist for European customers. Customers in the United States does not have access to it at the moment. However, there are plans to change that. Solving the problem of everyday payments has the potential to be huge for cryptocurrency. However, MCO Visa card is not the only project attempting to create crypto-backed debit (or prepaid) cards. Other projects, such as TenX, are working on the same issue. All of these projects run into challenges implementing such cards in a large scale, compliant manner. Crypto.com hopes to crack the code, ultimately getting cryptocurrencies and popular payment methods to play nicely together. Crypto.com was founded in June 2016 in Switzerland and rebranded from Monaco on 6th July 2018. Their first prototype was developed in October of that year. In February of 2017, they were accepted into a Hong Kong Government backed Cyberport incubation program, where they developed their platform until they were ready to launch their token sale in 2017. The sale closed in June with $26.7 million in funding. Their app became available to pre-registered users in August 2017, followed by the official partnership with Visa in October. The team consists of seasoned veterans in the fin-tech space, most of whom have experience in Asia, where Monaco Cards have first been made available. Since MCO Visa cards are backed by cryptocurrency, they don’t have border issues like fiat currencies. As a result, you can use your card anywhere you go. The card will automatically default to the local fiat currency when you make a purchase. The low fees and exchange rates also apply in other countries. Transactions take place at the exact exchange rate that Crypto.com receives as an institutional trader. In contrast, when you use your debit card across borders with most banks, they’ll add an additional percentage to the exchange rate or include a transaction fee. Crypto.com has connections with eight of the top ten international foreign exchange banks to facilitate currency conversion. The MCO Visa card is a compelling option for anyone looking to make everyday purchases with cryptocurrency. It also makes sense for cross-border travelers. However, we can expect the rollout to take a long time and hit a lot of bumps along the way. The financial industry is highly regulated and cryptocurrency-backed payments is a complex issue, even if Crypto.com's solution seems to make it simple and user-friendly.

FAQs

1. What determines the price movement of MCO?

There are two schools of thought in determining the price of MCO.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of MCO, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of MCO from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of MCO on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for MCO as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for MCO and the cryptocurrency market as a whole.

Date
Market Cap
Volume
Open
Close
2024-02-22
$8.4857$$0.7437N/A
2024-02-21
$0.1399$$0.7500$0.7437
2024-02-19
$90.8972$$0.8720$0.7500
2024-02-16
$0.344$$0.8534$0.8720
2024-02-16
$0.3407$$0.8454$0.8534
2024-02-15
$0.2903$$0.8262$0.8454