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Monad caught the attention of the market with a sharp increase in demand after the launch of its mainnet and the accompanying demonetization.
Monad seems to have impressed investors
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The price of MONAD is likely to continue to rise
If current demand continues and the network expands, The monad can reach to $0.046 and exceeds the limit of $0.050. Such a move is likely to attract more investor interest and strengthen the outlook for the token in the short term.
However, if traders start making profits, The monad can be lost Life support. A failure below $0.040 could send the price towards $0.035. This will invalidate the optimistic thesis and indicate a possible slowdown after a rapid rally.
