Traders who entered the crypto space in 2017 might remember a payment platform called Monaco that emerged in the market with a simple objective to meliorate online transactions, facilitate the adoption of cryptocurrencies, and assure that the users of their products, which include a proprietary exchange, a mobile application, and physical Visa cards. Later on, the platform was rebranded to Crypto.com, though the native token’s ticker MCO remained unchanged.
Fundamentally, this Singapore-based project enjoys relative success since they claim to have attracted over a million users, although there is no specification with regard to whether this number constitutes daily active users or registered users, which is crucial for assessing the platform’s popularity.
Nevertheless, from the trader’s perspective, MCO is quite an appealing coin because despite being placed outside the top 50 - presently, Crypto.com holds the 63rd spot in global rankings - over the past three months, it has had a fairly large average daily trading volume of around $30 million. But most importantly, MCO’s price action is far from being a dull, flat line on the large time frame.
MCO’s all-time price chart