Ultimate magazine theme for WordPress.

Mina (MINA) jumps 28% in Rare Weeklong Upshoot, Here’s Reason

Gottfried Benjamin

Mina is up 38% over the past week driven by increased zk-rollups momentum

Mina (MINA) starts the week as one of the top gainers today as its price is up 28.29% in the past 24 hours to $0.8334, according to data from CoinMarketCap. While Mina has been on a positive growth trajectory since the beginning of the year, its current weekly growth of 38.41% stands out as one of the highest so far this year.

MINA-USD weekly chartImage source: CoinMarketCap

Mina debuted back in October 2020 when it was rebranded from the Coda protocol to its current name. The protocol was known as the lightest blockchain network in the world, with a total size of 22 KB – compared to Bitcoin (BTC)’s 300 gigabytes.

Since its inception, Mina has made focused efforts to expand its ecosystem, an initiative it is currently strengthening. While its pioneering ideology of creating the most robust small blockchain protocol is difficult, it has garnered a number of impressive applications that serve its community.

Alongside the general trend in the market, Mina protocol users anticipate how the advanced zk applications their cohort of developers will create will improve the overall usability of the network.

Consolidation of the developer network

Despite its promising debut in the blockchain world, Mina significantly underperformed compared to the recently launched new generation of Ethereum killers.

There is much enthusiasm and optimism around MINA coin today with their efforts to consolidate their developer network through hackathon-style programs and regular meetings. These programs can help initiate robust ecosystem growth across the board.

Mina draws heavily on the potential of zero-knowledge smart contracts as a new technology that can fundamentally redefine the usability of blockchains. With its defined efforts, the confidence in its community grows that good rewards can be seen in the medium to long term.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

Comments are closed.

%d bloggers like this: