A new challenger to Ethereum and Solana has just gone live, and it’s already drawing attention across the crypto space.
Monad, a high-speed Layer 1 blockchain, has officially launched its mainnet after nine months of testing in a controlled environment.
The network is EVM-compatible and claims to handle over 10,000 transactions per second, putting scalability and performance at the center of its pitch.
With those specs, the Monad price prediction is starting to gain momentum as investors weigh its potential in a crowded market.
During the test phase, the Monad blockchain processed over 2 billion transactions with average gas fees of $0.006. This showcases its ability to compete with similar smart contract networks, such as Solana and Sui.
Its native asset, MON, has already been listed on top centralized and decentralized exchanges, including Coinbase, Upbit, and Kraken. The price has quickly risen from $0.033 to $0.047 in the past couple of days for a 62% gain.
The next step for this project if it plans to seriously compete with blockchains like Solana, would be an aggressive growth campaign for its ecosystem that attracts a high number of developers.
Monad Price Prediction: MON Could Deliver a 59% Gain If It Breaks Above This Resistance
The 15-minute chart shows that MON has been steadily climbing over the past couple of days, forming a series of higher highs and higher lows while creating an ascending price channel.
The price seems to have encountered strong selling pressure at $0.048. This would be the key resistance to watch in the next few hours as news of Monad’s mainnet launch continues to spread.
If the price rejects a move above this level, we could see it dropping to around $0.040 first, but the odds of a rebound are high as market sentiment seems to be shifting.
Meanwhile, a bullish breakout above $0.048 could ignite a rally to much higher ground. A first target could be set at $0.075, which would mean a 59% upside potential.
Similar to Monad, a new project called Bitcoin Hyper ($HYPER) has attracted significant interest from investors. This hot crypto presale has raised over $28 million in just a few weeks to launch its ambitious Solana-powered Bitcoin L2.
Bitcoin Hyper ($HYPER) Aims to Kickstart a New Era for Bitcoin
Bitcoin Hyper ($HYPER) aims to give Bitcoin something it never truly had before – a functional layer-2 that makes the network faster, cheaper, and easier to build on.
Instead of patchwork add-ons or complicated tools, Bitcoin Hyper creates a side chain where transactions can be executed almost instantly. This allows developers to finally deploy apps that cater specifically to BTC holders.
The Hyper Bridge lets BTC holders send their assets safely to the Hyper L2, allowing them to earn yield through staking and lending applications, among others.
As top wallets and exchanges adopt this solution, the demand for its utility token, $HYPER, is expected to experience a significant boost.
To buy $HYPER, simply head to the Bitcoin Hyper official website and link up a compatible wallet (e.g. Best Wallet).
You can either swap USDT or SOL for this token or use a bank card to invest.
Visit the Official Bitcoin Hyper Website Here
The post Monad Price Prediction: Mainnet Goes Live as Markets Explode – Is MON the Next Solana? appeared first on Cryptonews.
Credit: Source link
