MetaMask Launches Money Accounts on Monad Layer 1 Network

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

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Product Integration Strategy: MetaMask's launch of Money Accounts on the Monad blockchain aims to connect traditional financial account functionalities with on-chain wallets, marking a strategic expansion beyond the Ethereum mainnet and enhancing user financial service options.
Efficient Transaction Experience: Monad's gasless transactions and high-speed execution support MetaMask's consumer account product, improving user experience, particularly for frequent micro-transactions and account operations, while mitigating the impact of high and volatile gas fees.
Multi-Chain Product Strategy: The launch of Money Accounts on a separate Layer 1 signals MetaMask's multi-chain strategy, aiming to follow users and builders to chains that offer specific infrastructure advantages, thereby enhancing its market competitiveness.
Response to Market Trends: This move aligns with the trend of wallet providers and exchanges expanding their product lines, with MetaMask's account product representing a significant distribution channel for the Monad ecosystem, potentially driving user growth and activity on the chain.

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Technical Analysis for MON

Technical Sentiment Analysis for MON (MON). As of , MON (MON) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MON stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, MON is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

MON (MON) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0149	0.0165	0.018	0.0197	0.0212	0.0229	0.0244
Fibonacci	0.0165	0.0177	0.0185	0.0197	0.0209	0.0216	0.0229

About MON

Mon Protocol (https://www.monprotocol.ai/) aims to be a developer and leading publisher of blockchain-native IPs and games. Mon Protocol launched with the in-house developed Pixelmon Games: Pixelpals, Warriors of Nova Thera and Hunting Grounds; it has since built a large community of web3-savvy gamers and fans, now over 1 million members strong. MON Protocol has been endorsed as the Gaming Publisher of Choice of the top gaming chains Immutable, Solana and Aptos.Its publishing platform is chain agnostic and enables blockchain-native gaming projects to reach larger bases of gamers and fans. To date over 60 blockchain games and IPs have leveraged MON’s reach and publishing capabilities to some degree. MON is the ERC-20 fungible token that serves as the publisher token for MON Protocol and as the ecosystem token for all Pixelmon games.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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