Monad Price To Crash 99%? BitMEX Co-Founder Calls Protocol Another Berachain
NegativeCryptocurrency
- The Layer 1 blockchain Monad has recently launched, achieving an 80% surge in its native token MON, reaching an all-time high of $0.048. However, BitMEX co-founder Arthur Hayes has expressed skepticism, predicting a potential 99% crash in its value due to its perceived lack of real use cases and vulnerability as a 'VC coin'.
- This development is significant as it highlights the volatility and speculative nature of new blockchain projects, particularly in a market where investor confidence can shift rapidly based on expert opinions and market conditions.
- The contrasting perspectives on Monad's potential reflect broader debates within the cryptocurrency community regarding the sustainability of Layer 1 blockchains outside established players like Ethereum and Solana, as well as concerns over security issues that have emerged shortly after its launch.
— via World Pulse Now AI Editorial System
