Can MINA Protocol reach $100? Mina Price Prediction 2023-2030
Latest Mina Price
| Metric | Last 24 Hours | Trend |
|---|---|---|
| Net Social Media Sentiment | 56.8% | Lower |
Mina Protocol Performance
- Last 1 Month: +91.3%
- Last 1 Year: +23.0%
- Since Launch: -92.9%
Latest Mina Protocol News
Bithumb has announced the addition of the cryptocurrency Mina (MINA) to its Korean Won (KRW) market.
Mina Protocol’s Testworld Mission 2.0 Track 3 is making strides, with the testnet advancing to Epoch 2. In the midway point of Track 3, an additional 200 nodes were added to assess the network’s scalability under higher loads. Bug tracking is active on Github, with 31 bugs identified and 5 already resolved. The focus now shifts to Mina ecosystem partners and developers, who are encouraged to redeploy their smart contracts for testing.
Mina Price Prediction Today
- Mina Price Price Prediction in the next 24 hours is between $0.772 and $0.837
- Mina Price Price Prediction this week is between $0.736 and $0.851
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Neutral |
| 1a. Market Data | Neutral |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd's Wisdom | Neutral |
| 2a. Social Media Buzz | Higher |
| 2b. Social Media Sentiment | Lower |
Mina Price Prediction 2023, 2025 and 2030
- Mina Price Prediction 2023 is $1.35
- Mina Price Prediction 2025 is $2.43
- Mina Price Prediction 2030 is $11.28
Mina Price Prediction: Is MINA a Good Investment?
Mina Protocol is a layer-1 blockchain that describes itself to be the world’s lightest blockchain. The reason is that Mina’s size remains constant irrespective of the growth in its usage.
Mina is a “succinct blockchain” that minimizes computational requirements to run DApps efficiently while remaining secure and decentralized.
Note that the Succinct blockchains have two main functions: verification and update. Here, verification involves consensus, blockchain summary, and blocks, while the update function interacts with consensus and chain summary. In addition to the above implementations, Mina uses a parallel scan state to optimize transaction processing speed. This involves grouping unproven blocks and assigning the process to parallel provers.
Mina’s main objective is to create an efficient distributed payment system that allows for native verification of the platform from the genesis block. The protocol uses zk-SNARKs to authenticate information without revealing it, but Mina incrementally computes SNARKS that only concentrate on the last few blocks to make it practical for large networks.
Mina’s ZK smart contracts run off-chain, ensuring data privacy and on-device proof generation. This allows for more impactful Web3 applications that can easily use real-world data without revealing user details. The unique structure means predictable costs, regardless of network congestion. Developers can build these apps, known as zkApps, with ease, using the SnarkyJS TypeScript library. Mina Protocol offers extensive resources for learning about and developing zkApps.
MINA is the native token of the Mina Protocol. It has a total supply of 1,016,741,693 tokens and out of which 874,847,287 tokens are already in circulation. The following are the use cases of the MINA token:
- Mina tokens are used to facilitate transactions on the network.
- Users can stake their MINA coins to earn passive income.
- MINA token holders can participate in the governance of the platform through voting mechanisms.
Key Features
- Mina Network’s size is just 22 KB and hence it is a light blockchain.
- Mina Network makes use of the Ouroboros Samasika consensus algorithm (which is a kind of PoS designed for succinct networks).
- The protocol makes use of the zero-knowledge proofs to create a secure infrastructure.
Overall, considering the use cases and key features of the Mina Protocol, it seems to be a moderate case for investment.
Also read: Threshold Price Prediction and Injective Price Prediction
Mina Protocol Price Predictions
Mina Protocol Price Prediction: Can MINA Protocol reach $100?
To reach $100, the MINA token must grow by nearly 200 times its current market price. At $100, Mina Protocol’s market cap would be nearly $10 Billion
Furthermore, MINA reached its all-time high price of $6.2 in September 2021 where it grew by nearly 5.2 times in just two months (i.e., from the lowest price of $1.2 in July 2021). Therefore, the MINA token needs roughly 20 months to reach a price level of $100.
In reality, Mina Protocol will take a much longer time than 20 months. A lot will depend on two factors
- Differentiation, Mina is ranked in the 80s on Market Cap. It needs to differentiate substantially and gain Market Cap ranks. This will drive up trading volumes and price
- Second, major macro liquidity events come once or twice every decade. That could help Mina Tokens further
However, the best-case scenario for Mina Protocol is a 60-90% burn. That will ease the possibility of $100
Where can I Buy Mina Crypto?
MINA tokens can be bought from various centralized crypto exchanges such as Binance, Kraken, Coinbase Exchange, OKX, Gate.io, KuCoin, Huobi and Crypto.com Exchange.
~Charu Taneja
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.