Monavale (MONA), the Monavale (MONA) currency, has risen 50.81% to $472.75 as of this writing. The price of the Monavale (MONA) coin has risen by 114.25% in the past month.

We will be focusing on the factors that are causing Monavale’s price to rise in this article.

What is Monavale?

Monavale is a Creative Commons CC0 powered by the open Metaverse, and Web3 Fashion. It was launched December 2020.

Monavale is the native token for DIGITALAX, the leading NFT platform for indie fashion. The platform features Metaverse boutique designs, digital and physical fashion.

The DIGITALAX group includes modders and gamers as well developers and crypto enthusiasts. The team ensures communication flows through a consistent schedule that is accessible via various social media networks.

You can also access the platform staking dashboard (MetaMask) where you can connect to a Web3 account.

Monavale: Why is it rising in price?

Two main factors are responsible for the bullish trend in MONA prices at the moment: the CC0 NFTs Membership news and FUD FAQ release.

1. CC0 DAO Member NFTs news

One reason for the price increase is likely to be the news about CC0 DAO Membership FFTs. These NFTs will allow users join the CC0 DAO via purchase of a membership NFT at DIGITALAX or any other sale events. Users can also contribute to DAO through CC0 auction.

2. FUD FAQ released

Yesterday, April 11, the FUD FAQ was released by the team. The FAQ discussed the future NFT market and Web3 and also highlighted current events in the industry.

DIGITALAX also released its March transparency report at the end of March giving a summary of the expenditures which showed that the team was well organized when it comes to the management of DAO’s other developments.

Besides, DIGITALAX also has a stake dashboard, amazing indie art and DAO governance. It also boasts a robust NFT market.