Monkeys Token is a crypto project inspired by Tesla CEO Elon Musk’s fascination with monkeys. The project was founded by a person or organization that goes by the name of ‘Monkey Man’.
The platform has a loyal community of supporters who call themselves ‘the tribe’. The team says they aim to build a token into the creative space for primate-related activities.
This article is your go-to guide for understanding the Monkeys Token. I will cover the key aspects of the token, including its token economics, past performance, and future price forecasts.
Towards the end of the piece, you can find details of where and how you can buy the Monkey Tokens, should you need to know.
Let’s dive in without any further ado.
Monkeys Token (MONKEYS) Tokenomics
Monkeys Token has a total supply of 500 billion tokens, which is also the maximum supply of the token. According to the company’s self-reported supply, all of the tokens are already in circulation.
Monkeys Token (MONKEYS) Past Performance
The Monkeys Token was launched on April 24, 2024, at an opening price of $0.00000426.
The token has gained some upward momentum in the early days and hit an all-time high of $0.00005974. However, this was short and the token’s price came down sharply.
While I am writing this article, the Monkeys Token is trading at $0.0000004973.
Monkeys Token (MONKEYS) Price Prediction
Technical indicators suggest that the current market sentiment is neutral although the fear & greed index is at 71, signaling greed. Since its inception, Monkeys Token has recorded 100% days in the green territory. Our analysts think that now is a good time to buy Monkeys Token.
2024: In the year 2024, the price of Monkeys Tokens is projected to go up by 228.04% and hit $0.0₆6562 by the end of May.
2025: Going into 2025, the price of Monkeys Tokens is expected to fall between $0.0₆2000 and $0.0₆9452. If we compare this to today’s price, Monkeys Token could gain as much as 372.51% if the token hits the upper price target.
2030: Fast forward to 2030, the price of Monkeys Token is expected to fall in the range of $0.0₆5043 and $0.0₆8176. Compared to today’s price, this will translate into a 308.76% return on investment.
Where to Buy Monkeys Token (MONKEYS)?
Since Monkeys Token is still new, it is not listed in the major centralized exchanges. You can still buy it from Uniswap.
How to Buy Monkeys Token (MONKEYS)?
Follow these steps to buy the Monkeys Token from Uniswap.
- First, create a non-custodial wallet that supports Ethereum. Metamask is a popular choice here.
- Go to the Uniswap website and connect to your Metamask wallet.
- Now get some Ether(ETH) in your wallet. You can get them transferred from another wallet or buy directly on Uniswap.
- On Uniswap, select the pair ETH/MONKEYS.
- Now, enter the amount of ETH you want to swap for MONKEYS.
- Hit ‘swap’ and sign the message when prompted.
Conclusion
Monkey’s token captures the unique theme of monkeys, which is a popular theme in the NFT space, but not so much among cryptocurrencies.
In the crypto market, although the token gained traction early on, it has since followed a downward trend. However, in the context of the Bitcoin halving event, our analysts think that Monkeys Token has good upside potential.
With all that positive talk, it should be kept in mind that crypto assets, including crypto tokens, are highly volatile in nature, and subtle movements in market trends can have a drastic impact on their valuation.
The reader is advised to exercise extreme prudence before putting your hard-earned money into such ventures. And, also avoid investing in leverage or with complex instruments.
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