What is Mina crypto?
Mina is a cryptocurrency that utilizes a unique technology called “zk-SNARKs” which stands for “zero-knowledge succinct non-interactive arguments of knowledge” to achieve and maintain a much smaller blockchain size than other cryptocurrencies. This very small size of 22kb allows the Mina blockchain to be much faster and more efficient, as well as lower costs for running a node. In addition to its small blockchain size, Mina also aims to provide a high degree of privacy and security for its users. The Mina blockchain operates on a Proof-of-Stake(PoS) consensus mechanism called Ouroboros Samisika. The Ouroboros PoS mechanism is based on the Cardano Proof-of-stake mechanism.
Who created the Mina coin?
The O(1) Labs team, led by Evans Shapiro and Izaak Meckler, developed the Mina protocol in 2017. The creators of the Mina protocol wanted to use cryptographic computing to create a platform that allowed users to control their digital lives.
Mina coin release date
The team at O(1) spent four years developing and testing the platform before the eventual launch in 2021. The Mina mainnet was launched on the 23rd of March 2021.
Why did the Mina Protocol crash?
The crash of Mina was heavily influenced by the collapse of the FTX(FTT) exchange in November of 2022. The collapse of the market led to the price of MINA falling below $0.50 in that month and later in December of the same year, the price fell lower to $0.4339 leading to a loss of more than 85% in value.
Where can I buy Mina Protocol?
You can easily buy Mina Protocol(MINA) on popular exchanges such as Binance, Coinbase, Kraken, Bitget, etc.
How to stake Mina token
Staking Mina tokens can be completed easily with a few simple steps. First, you choose an exchange where you want to stake your Mina tokens e.g Binance, Bitget, CoinList, or on the Mina Protocol itself, then you deposit the amount of tokens you want to stake into the staking pool, and then you can start earning passively on your stake.
How to buy Mina crypto
Purchasing MINA tokens is a pretty straightforward process. Here’s a step-by-step guide to buying MINA on the Bitget exchange.
Step 1: Creating a Bitget account
Go to the Bitget website and click on the “Register” button to create an account. After you have registered and you’re logged in, you will need to complete the account verification process.
Step 2: Funding Your Account
Once account verification is complete, your account is now fully active and you will need to deposit funds into the account so you can start transacting. To do this, click on the “Deposit” button and then choose your most preferred method from the multiple payment methods provided by Bitget. Bitget supports several options for payment such as cryptocurrencies and different fiat currencies. The funded amount is added to your account as USDT.
Step 3. Purchase & Withdraw
After adding the funds successfully, go to the trading page of the website and look for the MINA/USDT trading pair. Choose the pair, then either make a limit order at the desired price or put an order to purchase MINA tokens at the going rate.
Check the details of your order to ensure everything is correct. Simply click the “Buy” button to confirm your order. The MINA tokens will be credited to your Bitget account after your order has been fulfilled.
Once your MINA tokens have been credited to your account, you may either withdraw them to your wallet for safekeeping or keep them on the platform for future trade.
You’ll be required to complete the account verification process (or Know-Your Customer) which will involve providing your personal information and proof of your identity to get your account verified.
Is Mina a Good Investment?
The Mina protocol can be considered a fairly good financial investment. It is based on one of the most advanced blockchain platforms out there and it has good fundamentals. Also, price predictions for the Mina coin show a general upward trend in the next few years which is also a positive sign for Mina.
The future potential of the Mina coin would depend largely on its adoption by the general cryptocurrency community and the performance and direction of cryptocurrency markets in the near future.
Keep in mind that the cryptocurrency market as a whole is highly volatile and generally unstable. Future price changes of any cryptocurrency asset depend largely on market scenarios of that period. You must conduct your own research on a coin or token to determine if investing in it will be a good fit for you.
Mina Protocol Price Prediction
The Mina coin is expected to see a general upward trend in the next couple of years. According to forecasts and technical analysis, by 2025, the price of Mina should have reached between $1.53 and $1.84.
By 2026, the price of the coin should have seen an increase of around $1 with predicted prices ranging between $2.25 to $2.67.
The following year is also predicted to be another upward step for the coin with prices predicted to range between $3.20 and $3.97. 2028 is predicted to be an even better year for the coin with predictions of prices ranging between $4.60 and $5.61.
The following 2 years are predicted to be bigger leaps in the price of the coin compared to the previous years with price predictions ranging from $6.56 to $8.02 and $9.53 to $11.45 respectively.
It is, however, vital not to forget the volatile nature of cryptocurrency markets and bear in mind that for any cryptocurrency, past performance is never a guarantee for future performance.
Is Mina Protocol Safe?
Although it is innovative and introduces the idea of lightweight blockchains the Mina protocol can be considered safe going on existing cryptocurrency and blockchain standards. The team behind the project is also fairly experienced in tech and cryptocurrencies. Overall the future looks bright for the protocol and most predictions point in the positive direction. But let’s not forget the unpredictable nature of the world of blockchain and cryptocurrencies.
We Coin-Labs provides only objective information about Mina.
Therefore, we are not responsible for the investment decision in Mina and the resulting loss.
Mina Basics
Here are some factors that investors should consider before investing in Mina.
| Cryptocurrency Features | Mina (MINA) |
|---|---|
| Publisher or Developers | The O(1) Labs team |
| Headquarters (Registration Number) | USA |
| Symbol | MINA |
| Platform | MINA Blockchain (MainNet) |
| Published Date (CMC Registration) | 2021-03-02 |
| Max Supply | No limit |
Reliability Score of Mina in 2023
These are indexes mesuring the investment reliability of Mina conducted by Coin-Labs.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | 3.4 / 10.0 CAR |
| Communication Rate | 7.4 / 10.0 CR |
| Technology Transparency Rate | 4.1 / 10.0 TTR |
| Development Participation Rate | 8.1 / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 8 Exchanges |
| Number of Available Pairs Worldwide | 82 Pairs |
| Market Cap of the Cryptocurrency | 880,521,572,898 KRW (Rank #68) |
The table above shows the result of investment suitability evaluation for Mina.
More descriptions about the rating items can be found here.
Mina Price
Here are the price and recent trading volume of Mina. (Data of 2023-03-30 14:13:24)
| Price Items | Price and Trading Volume of Mina |
|---|---|
| Mina Price | 1,005.307 KRW |
| Price Change 24h | 0.28% |
| Price Change 7d | -5.03% |
| Trading Volume 24h | 43,417,102,880 KRW |
| Trading Volume Change 24h | -12.41% |
Cryptocurrency Metadata
You can check the development status and social media information of Mina through the links in the table below.
| Metadata Source | URL |
|---|---|
| π Official Website | https://minaprotocol.com/ |
| π White Paper | https://minaprotocol.com/docs |
| π°οΈ Source Code (GitHub) | https://github.com/MinaProtocol/mina |
| π¦ Twitter | https://twitter.com/MinaProtocol |
| π€ Reddit | https://reddit.com/r/MinaProtocol |
| πΊ Message Board | https://minaprotocol.com/blog |
Where to Buy Mina
Here are the top ten world crypto exchanges where traders can buy Mina in 2023.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/MINA_BTC?theme=dark&type=spot |
| Coinbase | Listed | https://pro.coinbase.com/trade/MINA-USDT |
| Kraken | Listed | https://trade.kraken.com/charts/KRAKEN:MINA-BTC |
| KuCoin | Listed | https://www.kucoin.com/trade/MINA-USDT?spm=kcWeb.B1homepage.Header4.1 |
| Bitfinex | Not listed | |
| OKX | Listed | https://www.okx.com/trade-spot/mina-usdt |
| Huobi | Listed | https://www.huobi.com/en-us/exchange/mina_usdt |
| Bitstamp | Not listed | |
| Bybit | Listed | https://www.bybit.com/en-US/trade/spot/MINA/USDT |
| Gate.io | Listed | https://www.gate.io/zh-tw/trade/MINA_USDT |
Frequently Asked Questions
What is the current price of Mina?
Mina price today is 1,005.307 KRW. Furthermore, the price of Mina has fluctuated by 0.28% from 24 hours ago, and by -5.03% from a week ago.
Where is Mina listed?
Currently, it is listed on a total of 8 among the world top 10 exchanges.
What is the market cap of Mina now?
Currently, Mina has a market cap of 880,521,572,898 KRW, which is ranking 68 among cryptocurrencies worldwide.
How much is the trade volume of Mina?
Currently, 875,873,595 MINA coins are circulating through 82 market pairs. As a result, in the last 24 hours, 43,417,102,880 KRW of MINA coins were traded in the market.
