Monaco (MCO) was listed in Korea overnight, and it seems the markets really liked what they saw. As of this writing, the volume over the last 24 hours has been over $700 million, which is huge compared to the $10-20 million it normally sees in a day. The price has also gone way up. With surges of 70% and more today, it is starting to see prices that haven’t been around for this token since December. As of right now, the token is trading at $14.10, up from just over $8 yesterday.
Monaco is currently ranked 78th on the list of largest cryptocurrencies, with a market cap of $222,642,478. If you compare the market cap to the daily volume, you can see that trading today alone has been more than three times the market cap! This is pretty huge.
Watching this token over the next few days could be very interesting. If it is able to hold on to a significant amount of its growth, it could have a second surge. This token is run by a strong team, and prior to the January collapse it was having a nice run up due to their proven system.
For those looking for a strong token that still has a lot of potential for growth, watching for a dip on this one might provide for a great opportunity.