MUE

MonetaryUnit (MUE) is a cryptocurrency that was launched in 2014 with an aim to offer an alternative digital currency option. It operates on the Quark algorithm and utilizes a Proof of Work (PoW) consensus mechanism, making it mineable by interested participants. The current price of MonetaryUnit is $0.012262, with a market capitalization of approximately $3.06 million and a 24-hour trading volume of $0.004603, indicating a relatively low liquidity .

MonetaryUnit has a circulating supply of 249.51 million MUE, which accounts for 71% of the total supply, and the maximum supply is capped at 350 million MUE. The all-time high for MUE was recorded on December 27, 2017, at a price of $0.616426, and the all-time low was on January 5, 2015, at $0.05898. The price has seen minimal change in the last 24 hours, reflecting a stable trend, although it has underperformed compared to the top 100 crypto assets in the past year .

It's worth noting that MonetaryUnit is not considered a stablecoin, which is a type of cryptocurrency designed to maintain a stable value relative to an official currency or other assets. However, stablecoins have been a topic of interest due to their potential role in the wider crypto-asset ecosystem and the financial sector .

In summary, MonetaryUnit is a cryptocurrency with a focus on providing an alternative digital currency choice, featuring a mineable approach and a relatively stable price in the short term. Despite not being a stablecoin, it represents a part of the diverse landscape of digital currencies available to investors and users in the cryptocurrency market .