Why Did Mina Rise 57% in the last 7 Days?
The MINA token, the backbone of the zero-knowledge (ZK) proof-powered Mina Protocol, has been one of the high performers of the last week. The token's value has almost doubled in the last few days.
Keep up with what's happening in the crypto world in real-time.
The MINA token, the backbone of the zero-knowledge (ZK) proof-powered Mina Protocol, has been one of the high performers of the last week. The token's value has almost doubled in the last few days.
Aptos and SUI were the most staked networks by the percentage of circulating supply that had been locked in, new research revealed.
In the past week, the Mina cryptocurrency has witnessed a remarkable surge, shattering a significant long-term resistance barrier situated at around $0.50. This milestone is particularly noteworthy as it aligns with the downtrend experienced since late 2021, the 200-day moving average (DMA), and the former support-turned-resistance level from mid-2023, all converging at this crucial juncture.
Bitcoin (CRYPTO: BTC) traded lower, but the cryptocurrency prices traded above the $34,000 level on Wednesday. Ethereum (CRYPTO: ETH) also moved lower, trading below the key $1,800 mark this morning.
Mina Protocol's price has declined more than 20% in the past 24 hours after going parabolic on Tuesday to hit its highest price level since March. Mina Protocol's price was changing hands around $0.40 in the early hours of October 24 before its staggering 125% surge ensued. But after peaking at around $0.
As of press time, Mina (MINA) is up nearly 85% over the last seven days, but what is it and why is it rising?
Greed dominated the overall cryptocurrency market sentiment in the last few weeks, with Bitcoin (BTC) and altcoins registering significant gains. Meanwhile, three cryptocurrencies are leading as the best performers for the week against other top-100 assets by market cap.
MINA Protocol (MINA), considered the world's lightest blockchain network, is driving a new wave of altcoins thanks to its remarkable 88% rally in the last 24 hours.
Besides heavyweights in Bitcoin and Ethereum, several notable altcoins also enjoyed serious rallies amid the spot ETF craze.
This significant price boost might be attributed to the announcement that Upbit Korea plans to list a Korean fiat currency trading pair for MINA. MINA, a cryptocurrency, has been a standout performer in the recent altcoin market rally, with its price surging by more than 88% in the past week.
In a significant development in the cryptocurrency world, South Korea's renowned cryptocurrency exchange, Upbit, has recently made waves by announcing its decision to include MINA in its extensive portfolio of supported digital assets. This strategic move has generated significant excitement among cryptocurrency enthusiasts and traders globally, with implications that could potentially reshape the cryptocurrency market.
Mina Protocol price went vertical on Tuesday as other cryptocurrencies surged. The token more than doubled as it reached a high of $0.913, the highest level since March 24th. At its peak, the token soared by more than 165% from the lowest level this year, giving it a market cap of more than $780 million.
MINA token has neared an all-time high with a 120% gain after the Upbit announcement.
Crypto exchange Upbit has added MINA/KRW pair for trading. Though its price peaked upwards soon after the pair's launch, it could not support the rally.
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $34,000 level on Tuesday. Ethereum (CRYPTO: ETH) also moved higher, trading above the key $1,800 mark this morning.
The MINA price has increased by 100% over the past 24 hours, culminating with a new yearly high of $0.86.
Mina Protocol (MINA), which claims to be the world's lightest blockchain network, is leading the recent resurgence in altcoins with an impressive 88% surge in the past 24 hours. This rally has propelled MINA's price to $0.7712 as it aims to retest its yearly high of approximately $1.17.
Mina Protocol (MINA), branded as the world's lightest blockchain network, is leading the altcoin resurgence today following its mega 88% rally in the past 24 hours. Atop this price surge, the coin's price is now pegged at $0.7712 as it looks to retest its year-to-date (YTD) high of around $1.17.
Bitcoin (BTC/USD) price has surged hard in the past few days. The rally gained steam on Tuesday as the coin surged to over $35,000, the highest level since May last year. In all, BTC price has soared by more than 125% from the lowest level this year.
Top crypto exchange Binance is set to delist 25 Binance USD trading pairs. Binance Margin, a service on Binance that gives traders access to margin trading of crypto assets, will be delisting 25 BUSD pairs.
As the cryptocurrency market continues to evolve, investors face a diverse array of assets, each with its unique features and investment potential. However, not all cryptocurrencies present favourable trading opportunities at all times.
Mina Protocol is set to introduce Zero-Knowledge smart contracts to its mainnet, simplifying zkApp development and enhancing security. The upgrade will phase out supercharged rewards and phase out supercharged rewards.
Mina Khattak is the director of crypto and emerging business at Worldpay, a project of FIS, a leading provider of technology solutions for merchants, banks and capital markets firms globally. FIS is a Fortune 500 company, a member of the S&P 500 Index and is betting big on digital wallets and solving the global need for digital payments through Worldpay.
As the new crypto bull run gains momentum, investors have the opportunity to pick up these high-flying cryptos to buy now.