Monad’s 55% jump after launch; Why are analysts optimistic about the continuation of the MON rally?

Currely, MON is trading around $0.044, with the main resistance in fro of it at $0.047. Holding the curre support is critical to stabilize the uptrend, and breaking this resistance could pave the way for further growth.

The launch of the mainnet increased the activities in the Monad ecosystem. This network offers the ability to process 10,000 transactions per second and the cost of implemeing its coracts is low. Teams and early users quickly started testing and ieracting with the network, and with the increase in the activity of wallets and smart coracts, the demand for MON also increased.

All in all, the combination of the price jump and the successful launch of the mainnet has increased traders’ confidence in Monad and paved the way for coinued short- and medium-term growth.