Actually I am not well informed about "Monacoin". Anybody please inform me. Thanks.
This is the only Japanese altcoin. Japan is the only country giving digital currencies a legal status as JPY
It's so funny when people talk about some coin being country specific. One of the tenets of cryptocurrencies is that they are borderless. I'll bet that 99% of businesses in Japan that accept Mona also accept, at the minimum, Bitcoin. And outside of Japan probably no one accepts Mona.
The more country specific a coin is the less chance it has of going up in value.