MINA Token Surges on Upbit Listing

MINA Token Surges on Upbit Listing, Sparking Price Predictions


258 Listen to this article MINA, the cryptocurrency fueling the innovative Mina Protocol, has experienced a substantial surge, nearly doubling […]

Latest News

Listen to this article

MINA, the cryptocurrency fueling the innovative Mina Protocol, has experienced a substantial surge, nearly doubling in value since the week began, sparking anticipation and speculation about its potential for future gains.

As of the latest trading data, MINA is valued at $0.76, showcasing an impressive 63% increase within the past 24 hours, according to CoinGecko.

During earlier sessions, MINA soared to highs in the $0.90s, representing an astonishing 100% gain within a single day, effectively doubling its price.

Mina Protocol has garnered attention for its self-proclaimed title as the “lightest” blockchain globally. This distinction is attributed to its unique small and consistent block size, which remains constant irrespective of the volume of transactions or smart contracts running on its network, made possible through Zero-Knowledge (ZK) proof technology.

MINA’s market capitalization recently stood at approximately $750 million. This surge in the token’s value is closely linked to a significant development: a prominent South Korean cryptocurrency exchange, Upbit, announced its intention to list MINA.

The listing on Upbit holds the promise of opening doors to an influx of potential new retail crypto investors. South Korea boasts one of the highest rates of crypto adoption and ownership globally, making exchanges in the country a pivotal factor in the market.

Upbit’s announcement clarified that deposits of MINA must be made via the Mina Protocol’s blockchain, an incentive designed to boost on-chain activity and engagement with the protocol.

MINA’s remarkable surge aligns with a broader cryptocurrency market rally, notably driven by optimism surrounding the potential approval of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).

Read Also:  15 Best Penny Stocks to Buy Now

Price Prediction For Mina Protocol

The remarkable surge in MINA’s value since the week began has led to a significant breakthrough above a key long-term resistance level located around $0.50. This level held significance due to its alignment with several key technical indicators, including the downtrend from late 2021 highs, the 200-day moving average (DMA), and a support-turned-resistance point from mid-2023.

The decisive breach of this crucial area unsurprisingly acted as a catalyst for technical buying, prompting discussions and speculation about the token’s future price trajectory. Investors and analysts are now closely watching MINA as it navigates these pivotal levels and the influence of market developments on its future performance.

For the Latest Crypto News follow the Coinography and Subscribe our YouTube channel or follow us on social media platforms like Twitter, Facebook, Instagram and LinkedIn.

Top Recommended Articles

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

Would love your thoughts, please comment.x
Scroll to Top
Bitcoin ETFs Surge as Investors Seek Exposure Coinbase, Andreessen Horowitz, and Ripple have joined forces to fund a new crypto DMM Bitcoin Hit by $305M Hack Ripple Releases 1 Billion XRP Tokens What to Expect from Bitcoin’s Price Rally in H2 2024 Trump’s MAGA Coin Soars 7% While Biden Parody Sinks Amid Ex-President’s Trial — NFTs Hold Steady Analyst Warns About Dogecoin Decline CME Denies Solana Futures Plans Amid Growing Rumors Can PEPE flip Polygon? Market cap race heats up! Why Bitcoin Price Is Down Today? Cristiano Ronaldo Launches 4th NFT Collection on Binance Amid $1B Lawsuit Coinbase Alleges SEC Dodging Howey Test in New Appeal Ethereum ETFs Granted Official Approval by SEC Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase