Lots of people are waiting for Monaco to announce its discussion with Visa. Information should be shared as per their road map this month.
People are getting excited.
If they will announce big regions to be VISA covered price can go all time high, be as high as 28 $. Now trading in 5-9$ range meaning possibility to have 3x more. If VISA announcement will be postponed or turned down temporarily we can see price drop to ~ 3-5$ range.
If you want Monaco card, you need to hold at least 50 MCO to get "better version" for at least 6 months, meaning holding some significant portion of MCO out of trading if news will be good. Now it is around 13000 people asking for this card.