Mina Protocol (MINA) Price Prediction – 2023, 2025, 2030

Mina Protocol (MINA) Overview

🪙 Cryptocurrency Mina Protocol
💱 Ticker Symbol MINA
🏆 Rank 96
💸 Market Cap $827,914,118
💲 Price $0.760519
🚀 Trading Volume $24,831,043
📈 Price Change (24h) -1.58%
💰 Current Supply 1,088,617,167
  • Bullish Mina Protocol (MINA) price predictions range between $3.42 and $6.46 by 2030.
  • Market analysts believe MINA could reach $2.66 by 2025.
  • Bearish Mina Protocol market price prediction for 2023 is $0.608415.

Mina Protocol (MINA) Introduction

The ease of using digital currencies has always been one of the prominent features that stood out from the beginning. That is the ease of transaction without traceability, accessible from any point in the globe as long as you have your private keys and the security it offers. Bitcoin was the pioneer, but as more innovations were made in terms of mechanism of operation, efficiency in energy conservation, and other scalability factors, it was realized that better alternatives for the token were needed, so Ethereum, Solana, Mina, and many other coins that offered better solutions were created.

One of the top issues was the size of operation in the cryptocurrency protocol, which was regarded as bulky until Mina (MINA) was launched with the sole aim of being a lightweight network. It is mainly focused on the reduction of data sizes with an advanced privacy-oriented technique that will ease data interaction and validation.

What are the Mina (MINA) coin fundamentals driving its growth since its launch? What is the Mina Protocol price forecast for 2022-2030? Is Mina Protocol a profitable investment? Despite its notorious high volatility in price movements, what are the experts’ opinions on its performance in the next ten years based on historical data, deep learning analysis, most popular technical indicators like action RSI, and basic technical analysis?

What is Mina (MINA)?

Mina Protocol is a lightweight blockchain network that utilizes the Proof-of-Stake mechanism of operation which is focused on the compressibility of data from gigabytes to kilobytes. The protocol data size uses just a mere 22KB for a successful transaction which is extremely small when compared to Bitcoin which requires 400 gigabytes to run a basic transaction and every node gets to download a full copy of the data. However, the Mina Protocol depends on zero-knowledge technology to enable the functionality of their network. Zero-knowledge technology is a data compression technique in cryptography technology that processes thousands of transactions per second with minimal data consumption. A generic transaction on this network only requires 20 kilobytes to get processed within 10 milliseconds, no matter the number of other ongoing transactions simultaneously.

Mina Protocol allowed block validation for an infinite number of block producers because it applied advanced mathematical ZK proofs known as “recursive zk-SNARKs” that confirm on-chain transactions with little metadata. This allows many users the affordability of full system node operation due to the compact size of the application that it can be run from a mobile. Mina (MINA) was designed to be able to interact with websites privately to combine their data and their smart contracts. This particular feature sets it apart from other blockchains, and also Proof-of-Stake mechanism ensures the delegation of coins to on-chain validators even if it’s an expensive process.

Mina (MINA) Fundamental Analysis

Since the official launch of the Mina protocol in 2021 by blockchain development company O(1) Labs, Mina has been useful in transactions as its blockchain rewards new MINA tokens to block producers after the creation of new blocks as an incentive to increase transactions which are private because of its zk system. Mina (MINA) Protocol historical data and significant partnerships since creation include;

  • Mina Protocol raised $3.5 million in May 2018 after support from major cryptocurrency exchanges and Ventures like Coinbase, Three Arrows Capital Ventures, and FTX Ventures. It was the first zk-SNARKs investment by FTX company.
  • The company proceeded to raise another $15 million in April 2019. Most of the investors that backed the financing included Brevan Howard, Finality Capital Partners, Alan Howard, Amber Group, Blockchain.com, Circle Ventures, and Pantera.
  • In August 2019, the Mina Protocol, which was initially known as the Coda Protocol, was renamed after a lawsuit by R3, a blockchain firm, that also owns a protocol called Coda.
  • The Mina Protocol mainnet was released on the 23rd of March 2021. Since the launch of this mainnet, MINA has backed the creation of more than 200 staking pools on their network.
  • Mina Protocol partnered with the Nil Foundation to develop multichain bridges between Polygon and Ethereum blockchains to connect to the Mina network to enable the function of Mina’s zkApps on the Polygon platform.
  • The company partnered with ChainSafe to launch an in-browser node and other fundamental network improvements.

Founding Team

The Mina (MINA) Protocol is governed by a nonprofit organization known as Mina Foundation which is overseen by Evan Shapiro, the foundation’s CEO, who’s an experienced software engineer. The other members of the founding team are Josh Cincinnati, Tess Rinearson, and Jill Carlson who were previously top officials at Zcash firm, Twitter, and Slow Ventures respectively.

Scalability And Functionality Features

Mina Protocol is an innovative project that sets a milestone in crypto because it applies advanced mathematical cryptography, ZKPs, or zero-knowledge Succinct Non-interactive Argument of Knowledge proofs (zk-SNARKs) in the validation of transactions. Unlike the other blockchains like Bitcoin, the Mina Protocol uses a small amount of computing energy to function effectively. Therefore it is regarded as the most economic, accessible, and lightest blockchain.

With the use of “easily verifiable, consistent-sized cryptographic proof,” Mina protocol has made it a core objective to improve peer-to-peer decentralization. Unlike Ethereum, IT requires new users to verify every transaction with large data consumption, making the chain mainly favorable to large miners that can afford the gas expenses. Mina Protocol supports decentralized web oracle services, highly secure and private internet use for an individual online and sensitive data privacy.

Mina (MINA) Current Price

Mina Protocol is currently worth $0.760519 USD. MINA has moved -1.58% in the last 24 hours with a trading volume of $24,831,043. Mina Protocol is currently ranked 96 amongst all cryptocurrencies with a market capitalization of $827,914,118 USD.


Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Mina Protocol (MINA) to decide wether it is going to have a bullish or bearish year.

Mina (Price) Price Predictions

The cryptocurrency market is generally volatile and hard to give accurate price forecasts but with the help of technical indicators, we’d present the average trading price, minimum price value, and maximum price level of Mina coin in the following years.

Year Minimum Price Average Price Maximum Price
2023 $0.912623 $1.06 $1.14
2024 $1.52 $1.67 $1.90
2025 $2.28 $2.43 $2.66
2026 $3.04 $3.19 $3.42
2027 $3.80 $3.95 $4.18
2028 $4.56 $4.72 $4.94
2029 $5.32 $5.48 $5.70
2030 $6.08 $6.24 $6.46
2031 $6.84 $7.15 $7.45

Our price prediction forecasts use real-time Mina Protocol (MINA) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

Mina Protocol (MINA) Price Prediction 2023

Mina Protocol, according to some, is one of the most amazing cryptocurrencies to rise this year (MINA). The MINA price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $1.14.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $1.06 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. MINA is expected to have a minimum value of $0.912623.

Mina Protocol (MINA) Price Prediction 2024

In 2024, Mina Protocol MINA price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of MINA will soon surpass $1.90. However, we should wait to see if the MINA’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, MINA will trade with a minimum trading price of $1.52 and an average trading price of $1.67.

Mina Protocol (MINA) Price Prediction 2025

If the upward trend continues until 2025, it could reach $2.66 and MINA may profit. If the market experiences a decline, the goal may not be met. MINA is expected to trade at an average price of $2.43 and a low of $2.28 in 2025.

Mina Protocol (MINA) Price Prediction 2026

If Mina Protocol successfully boosts market sentiment among cryptocurrency enthusiasts, the MINA coin price could remain stable for the next five years.

According to our projections, MINA will be green in 2026. The MINA is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $3.42, with a minimum price of $3.04 and an average price of $3.19.

Mina Protocol (MINA) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the MINA price is expected to cross an average price level of $3.95 by 2027, with a minimum price of $3.80 expected before the end of the year. Furthermore, MINA has a maximum price value of $4.18.

Mina Protocol (MINA) Price Prediction 2028

Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $4.72. If MINA manages to break the resistant level in 2028, we could see a maximum price of $4.94, failing to gather the support MINA needs by 2028 could result in a low of $4.56.

Mina Protocol (MINA) Price Prediction 2029

While MINA is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $5.32 and a yearly price close above $5.70 in 2029.

Mina Protocol (MINA) Price Prediction 2030

By 2030, Mina Protocol will finally surpass its previous ATH values and record new price levels. The minimum price could be $6.08 and potentially reach a maximum price value of $6.46, averaging out at $6.24.

Mina Protocol (MINA) Price Prediction 2031

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum MINA price in 2031 is projected to be $7.45 in the event of a bull run, with an average price level of $7.15.

Conclusion

Mina Protocol is still a relatively new cryptocurrency for retail investors’ accounts but one of the top officials stated that the lightweight architecture which, “combined with its native data-privacy capabilities makes it a unique L1 with massive potential to shape the future of Web3.” However, before you buy MINA make sure to do your research on the Mina ecosystem.

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FAQ

What is the Mina Protocol (MINA) price today?

Today, Mina Protocol (MINA) is trading at $0.760519 with a total market capitalization of $827,914,118.

Is Mina Protocol a good investment?

Mina Protocol proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that MINA is a good choice of investment.

How high can Mina Protocol go?

The average price of Mina Protocol (MINA) can possibly reach $1.06 this year. Over the next 5 years, it is projected that Mina Protocol may surpass $4.94.

How much will Mina Protocol be worth in 5 years?

Based on the rising popularity of cryptocurrency and Mina Protocol, a long term investment in MINA could see the price rise to $4.94 within the next 5 years.

How much will Mina Protocol be worth in 10 years?

If you invest in Mina Protocol today, as with any investment, a long term increase is expected. The price of MINA could possibly rise to $9.66 within the next 10 years.

What will the Mina Protocol price be in 2024?

Mina Protocol (MINA) price is expected to reach $1.90 by 2024.

What will the Mina Protocol price be in 2025?

Mina Protocol (MINA) price is expected to reach $2.66 by 2025.

What will the Mina Protocol price be in 2026?

Mina Protocol (MINA) price is expected to reach $3.42 by 2026.

What will the Mina Protocol price be in 2027?

Mina Protocol (MINA) price is expected to reach $4.18 by 2027.

What will the Mina Protocol price be in 2028?

Mina Protocol (MINA) price is expected to reach $4.94 by 2028.

What will the Mina Protocol price be in 2029?

Mina Protocol (MINA) price is expected to reach $5.70 by 2029.

What will the Mina Protocol price be in 2030?

Mina Protocol (MINA) price is expected to reach $6.46 by 2030.

What will the Mina Protocol price be in 2031?

Mina Protocol (MINA) price is expected to reach $7.45 by 2031.

Barinem Pene Verified

Barry Pene is a stern blockchain research/copywriter. Barry has been trading cryptos since 2017 and has been invested in issues that would put the blockchain industry on the right pedestal. Barry's research expertise cuts across blockchain as a disruptive technology, DeFis, NFTs, Web3, and reduction of energy consumption levels of cryptocurrency mining.

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