About MoonCoin
Mooncoin Review: Mining Guide, Price & Analysis of the Mooncoin Cryptocurrency
What’s a coin? Why coins? These are some of the questions investors ask themselves when they hear about coins and their investment value. A coin in this juncture means a trade-able digital currency that can earn profits. There exist many coins in the market today all of which offer almost the same solution. Digital coins exist to enable secure storage and conduct of transactions across a wide network in a decentralized manner.
In this review, we are going to analyze Mooncoin and see what it offers. Mooncoin is a coin that was started back in 2013 to create a secure network. MOON also made way for an easier channel of communication in education and science. Mooncoin bears the symbol MOON. Mooncoin is the interval between the moon and the earth. One MOON is equal to an inch of stretch to the moon. This coin is essential for small payments.
Mining Guide
Mining coins in this era has become a norm. It is therefore prudent to show how to mine MOON There are different methods of mining Mooncoin. These methods are; GPU, CPU, Cloud or ASIC mining. All these methods are applicable but the most efficient is ASIC mining. ASIC mining requires hardware with high storage and high heat tolerance capacity. Mining consumes a lot of energy especially since we are mining coins. To add a block to a blockchain, the miner performs many algorithms. MOON uses the proof of work algorithm in conjunction with scrypt
Some coins can be mined using the fiat currency. However, it is not possible to mine MOON directly. Mooncoin is mined through the various exchanges available that accept trading using fiat currency. The exchanges include Poloniex, cryptopia, novaexchange, WAVES, LTC, Altilly, YoBit and Unnamed. In these platforms, the investor can buy MOON using USD or any other acceptable currency, then trade the mooncoin against other cryptos such as Litecoin, Bitcoin, Ethereum and many more.
How fast a transaction will be completed and validated depends on the market value and hash rate of the miner. The higher the hash rate, the more the miner earns. A strong miner like ASIC will yield more. Mining MOON can also be done on the phone. A new application, MinerGate supports mining on Android. Once downloaded, the investor only needs to open an account and thereafter mine. There are also different mining pools where investors can trade the MOON. They are secure payments.cc, aikapool, multipool, and moonwash mining pools. Miners can mine Mooncoin every 90 seconds. The most prominent mining pool used is the Aikapool. To mine, you need to first set up an account and thereafter invest in a reliable miner i.e. CPU, ASIC etc.
Installing and configuring the miner comes third and lastly, the investor registers a Mooncoin wallet from which payments can be accessible. The wallet enables the miner to control access to the coin and also back up pins related to the coin. The wallet is obtainable through software present on the MOON website.
Price and Amp
The pricing of coins is highly dependent on the combined supply of the coin, the demand, and the competition available. The same conditions affect Mooncoin. Let’s review the MOON’s performance over the past periods.
Mooncoin was launched in 2013 and has grown big over the years. The price of Mooncoin as of 2018 was -3.7% which was USD 0.000232. The spread of the coin was at USD 51,712.801 with a daily volume of USD 212,339. The number of Mooncoin in supply was 223, 377,569,289MOON out of a maximum supply of 386,385,000,000 coins. The highest number of MOON is the interval between the moon and the earth.
In December 2020, MOON traded higher by 16% about the dollar in a span of 24 hours. The market capitalization then was $2.08M while $1228 MOON was exchanged on the mining platforms. Relatively in January 2021, the documented price of Mooncoin was $0.00022768. The market cap is $51.76. The number of coins in supply was 227,354,330,437(59.15%) out of the highest Mooncoin reserve of 384 Billion coins and the daily trading volume was $67.13%.
Analysis of Mooncoin
Since its inception in 2013, Mooncoin has scaled the heights of being the most used coin. Its main competitor now is Bitcoin which is hard to beat. Mooncoin is a decentralized asset since all transactions are conducted using nodes in the blockchain that must uniformly agree to the creation of a block in the distributed ledger. Mooncoin has been rated 2.2/5 by its users. There is therefore room for improvement in service delivery and better mining strategies.
The available channels of interaction with the Mooncoin team are their website at mooncoin.com, and Twitter @mooncoinitalia. Mining Mooncoin is done by the use of the programming language Moonword. The language also makes transactions secure. Over the period Mooncoin has been in the exchange, we have seen it survive and do well in the market. In the past two years, Mooncoin has increased in value against the dollar from USD 0.000232 to USD 0.0002278. We have also witnessed the growth and spread of Mooncoin where its market coverage has increased from 223 million to 227 million. This has therefore increased the market base and the Mooncoin in supply.
In the past month, investors have invested greatly in trading mining Mooncoin since its volume in exchange has moved from $ 3 to $25 daily and $1228 weekly. The market presence of Mooncoin can also be felt through the $1.6m to $3.1m in circulation. The more the coin is exchanged, the more it is mined and therefore the more blocks of Mooncoin are created.
Out Take on Mooncoin
It is always a great idea to invest in assets that are likely to yield more value. Coins today are the new investment pool. The fact that they are not majorly affected by inflation as in fiat currency makes them a viable investment opportunity. In the cases of too much money in supply, the number of coins is digitally reduced thus balancing their supply and increasing their value.
In our view, MOON will have a higher value in future. The fact that only an algorithm can confirm transactions thereby coming up with new blocks makes it a secure mining coin. The essence of each investor is to earn from their investment. Mooncoin can be mined and therefore a great investment. Its presence in both Android and PCs for mining makes it easy to access. Care should be taken to avoid losing to the large mining companies since they use the ASIC miner which has a higher hash rate and thus can validate transactions fast and earn profits.
Verdict
The investment decision lies purely on the investor. It is your responsibility to make sound decisions about investment in Mooncoin. According to our research, Mooncoin seems to be a legit coin. It is more likely to have a double or triple value in the future. It is however important to note that mining should be done after doing due diligence on the investment opportunity present. You should do your research and learn more about the coin before venturing into it. Understanding the basics of coin mining is essential.
MoonCoin
(MOON)
