Cat meme coins return to the market.
After years of dominating the coinmaketcap rankings of dog memes, recently cat meme coins have gradually reappeared in high positions.
Cats and dogs are the two animals closest to humans in daily life. Normally, men will like to raise dogs and women will be more interested in cats. Is it true that in the past, more men participated in this market and now the proportion of women coming to this investment market has started to increase ??
In fact, cat meme coins have been around for a long time. The first cat meme coin to emerge was Monacoin
#mona .
It is known as a coin from Japan, the image is taken from a character named Mona, expressed in ASCII art - an art form based on 95 basic characters defined by the ASCII code. There are some similarities between Monacoin and Bitcoin: Monacoin's total supply is small (105,120,000 coins), the algorithm used is different but both are POW mechanisms - can be mined and cannot be printed.
This coin is more than 10 years old and has experienced strong increases and decreases. The peak was around 2017 when it was traded at 15 USD and has decreased sharply in the following years until now - currently 0.27 USD. At that time, Monacoin was in the top 100 coins with the highest capitalization, while Dogecoin was the opposite.
There is not much information about the coin and it is traded and known more in the Japanese community.
Currently, Mona is not listed on Binance, as a cat lover like me, I hope Mona will soon be known more along with this cat meme coin wave.