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Mina Price Prediction 2022 and Beyond – Will MINA Reach $100?

Mina Price Prediction 2022 and Beyond - Will MINA Reach $50?

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Blockchain technology is groundbreaking without a doubt. This technology has revolutionized the way humans see… well basically everything. Although the first-ever crypto project was created solely for serving as a medium of exchange, things have changed since then. Today, we have blockchain-powered projects for nearly everything. 

We have projects such as Ethereum that unlocked new dimensions of blockchain technology to the world. Through Ethereum, developers were able to launch their tokens, decentralized applications, and even Non-Fungible Tokens (NFTs). Because it is so revolutionary, even Microsoft has announced a partnership with Ethereum. Furthermore, we have Helium, a decentralized wireless providing network. The people’s network, as they like to call it, is faster, more efficient, and cheaper than standard networks. You can use their routers to mine Helium, and mining Helium is one of the most profitable mining methods right now.

However, most of the biggest blockchains have a major flaw – their size. Blockchain size is one of the main factors when it comes to scalability. As of October 2021, Bitcoin’s blockchain size is bigger than 360 Gigabytes. Moreover, Ethereum’s blockchain has already surpassed the 1 Terrabyte milestone. Many blockchain projects are working to solve this, and one of them is Mina Protocol.

Mina (MINA) Fundamental Analysis

But what is Mina? Well, to put it shortly, the Mina Protocol is the lightest blockchain in existence. When compared to other blockchains, Mina’s blockchain is almost non-existent. The size of the Mina blockchain is just about 22 Kilobytes. This fixed size makes it seem like a grain of sand when we compare it with the above-mentioned giants. One could argue that this is due to Mina having fewer users; yet, the size of Mina’s blockchain is not due to its lack of users but rather to its design. The team of Mina designed a blockchain that does not need that much space to run efficiently. This cryptocurrency’s solution overcomes the scalability issue swiftly.

Mina Price Prediction 2022 and Beyond - Will MINA Reach $50?
The Goal of Mina Protocol. Source: Mina

The Mina Protocol uses an enhanced Proof-of-Stake (PoS) mechanism. Their Provably-Secure Proof-of-Stake mechanism is also known as Ouroboros Samasika. Similar to most other blockchains, the Ouroboros Samasika works by enabling all participants to act as nodes when it comes to securing the blockchain and reaching consensus. Moreover, Mina Protocol also supports fully-verifiable smart contracts through Pickles SNARK – a revolutionary composition network. This makes Mina Protocol a cryptocurrency project with huge potential.

The Mina Protocol was founded by Izaak Meckler and Evan Shapiro. Their aim, as briefly mentioned before, was to use blockchain technology and cryptographic computing to give control of digital life back to the masses. At the time of writing, the board of directors at the Mina Foundation is made up of Evan Shapiro, Josh Cincinnati, Jill Carlson, Tess Rinearson, and Joon Kim. They also have numerous partners such as Kindred Ventures, Signum Capital, and Accomplice.

Mina (MINA) Price Analysis

According to CoinGecko, Mina joined the market in June 2021 with a price of $9.09. Only two weeks after joining the market, Mina’s trading value fell to $2.29. This downtrend continued for some weeks and the cryptocurrency hit a yearly low of $0.94 on the 21st of July. It did not take much for its price to recover, however, and Mina hit a price of $6.15 on the 15th of September. This was the highest Mina got after its launch. 

After hitting a trading value of $6.15, Mina devalued overtime and hit a price of $3.91 on the 29th of September 2021. During October and early November, the price of Mina constantly bounced between $3.91 and $4.97. Finally, on the 12th of November, Mina experienced another spike, trading at $5.88 per coin.

At the time of writing, Mina is trading for $4.73 per coin and has a trading volume of $100 million. Furthermore, this cryptocurrency has a market capitalization of $1.39 billion and a total supply of 824 million coins. Yet, only 297 million MINA are in circulation as of today.

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Mina (MINA) Market Price Prediction

Mina Protocol sure has an awesome background and a great market performance until today. Nevertheless, what does the future hold for Mina Protocol? Will Mina reach 100$?

Pick A Crypto

According to Pick A Crypto, Mina might have a very bright future ahead of itself. Their forecast shows Mina Protocol entering the year 2022 with a price between $20-$40. Moreover, they claim that Mina may continue its uptrend throughout 2022 and potentially hit a trading value of $60 by the end of the year. When it comes to long-term predictions, Pick A Crypto claims that, according to their fundamental and technical analysis, Mina is likely to be bullish. They see Mina possibly sitting at $150 by the end of 2025. Necessarily, there will be ups and downs throughout the journey, however, no major setbacks are expected to occur.

Captain Altcoin

Captain Altcoin is another prediction website that has covered Mina Protocol. As stated by them, Mina is likely to enter the year 2022 with a price of $5.15. Unlike Pick A Crypto, Captain Altcoin claims that Mina is likely to grow slowly but surely.  By July 2022, Mina is predicted to reach a trading value of $7.50. Furthermore, their forecast shows Mina potentially ending the year with a price of $8.78. As for the long run, Mina is expected to continue to grow, but at a slower rate. According to Captain Altcoin, Mina might hit a trading value of $10.98 by 2025.

Crypto Academy Price Prediction

After hours of research, we at Crypto Academy have come up with our price forecast regarding Mina Protocol. We used both technical and fundamental analysis for predicting the price of this cryptocurrency. Nevertheless, we focused more on fundamental analysis since Mina is still a young project and its market has yet to achieve mass implementation.

Mina (MINA) Price Prediction 2022

Considering the partnership with Ethereum and several other companies, Mina had a good run during 2021. Furthermore, this cryptocurrency is just getting started when it comes to marketing and partnerships. Therefore, we believe that this cryptocurrency is likely to have a bullish future. Our forecast shows Mina entering the year 2022 with a trading value between $19.70-$24.30. This is because its price depends on numerous factors. During early 2022, Mina is expected to be bullish, potentially reaching a price of around $35. As we move deeper into 2022, Mina’s price might drop back to $28, where it could meet a support zone. Yet, this cryptocurrency is likely to recover and end the year with a price of around $36.

Mina (MINA) Price Prediction 2023

The year 2023 might be somewhat bearish when compared to the previous years. After possibly entering the year with a trading value between $30-$40, Mina might enter a downtrend that may go on for some time. However, everything might change during the summer of 2023, when Mina is expected to increase once again. Our prediction shows Mina hitting a yearly low of $26 sometime during June 2023 and a yearly high of $45 sometime during October 2023. That being said, Mina is expected to end the year 2023 with a trading value between $40-$45. This could leave Mina with a market capitalization of about $15 billion.

Mina (MINA) Price Prediction 2024

2024 is expected to be the next ‘magical year’ for the cryptocurrency market. This is because the Bitcoin halving event will take place during that year. This event is known for ‘blessing’ the market with green charts in the past. Entering 2024 with a potential price of $40, Mina might also increase during this year. This cryptocurrency may not experience that much price movement during the summer of 2024. Yet, as the year 2024 comes to an end, Mina may explode. By the end of the year 2024, we believe that Mina might reach a trading value between $70-$85.

Mina (MINA) Price Prediction 2025

Following 2024, 2025 might be an extremely fruitful year for Mina and the cryptocurrency market as a whole. During this year, the cryptocurrency market capitalization might double from its previous year. This means enormous growth for valuable crypto projects such as Mina. The Mina price forecast shows that this cryptocurrency could reach a new all-time high of $90 sometime during the first quarter of 2025. As the year 2025 comes to an end, Mina could potentially set yet another all-time high of around $120. Mina has the potential to reach a higher price in 2025, however, its supply has yet to reach its limit. This makes it an inflationary cryptocurrency for now. Moreover, this means that its price could grow slower.

Mina (MINA) Price Prediction 2026

It is uncertain where the market will go after the 2025 bull run; therefore, not much can be said about 2026. However, even if the market gets bearish, it won’t necessarily affect Mina’s market performance. This is because Mina may build a strong foundation until that time. On the contrary, if the market gets more bullish, we could see Mina exploding once more. This means that Mina’s price could go as high as $150, or even $200, by the end of 2026. It must be noted that the cryptocurrency market is very volatile and these estimations might prove to be wrong. Yet, all of these predictions are based on real factors and elements that play an important role in the price of Mina.

Mina Price Prediction 2022 and Beyond - Will MINA Reach $50?
Mina Protocol (MINA) Price Prediction 2022-2026.

How to Buy Mina (MINA)?

As mentioned before several times, the Mina Protocol is a very serious project and is essentially the world’s lightest blockchain. That being said, you can find it in nearly every major cryptocurrency exchange.

Step 1: Create an Exchange Account

The first step towards buying Mina coins is to create a cryptocurrency exchange account. The biggest exchanges that support Mina are Binance, Kraken, and Gate.io. Using Binance is preferred because it accounts for more than 55% of all the Mina trading volume. This also means that Binance provides the highest liquidity. To open a Binance account you need to fill out a Know-Your-Customer (KYC) form. After providing Binance with your legal name, age, passport, and address, you are ready to go.

Mina Price Prediction 2022 and Beyond - Will MINA Reach $50?
Creating a Binance Account. Source: Binance

Step 2: Choose a Payment Method

Now that you have created and verified your Binance account, you are all set to fund your account. To do so, you must choose a payment method that fits you best. Binance supports most countries (although U.S. citizens have limited access to most features), so your location may not pose a problem. You can fund your Binance account through Peer-to-Peer (P2P) trading, a credit/debit card, or a bank deposit. Through P2P, you can use Paypal or other online payment providers to buy cryptocurrencies.

Mina Price Prediction 2022 and Beyond - Will MINA Reach $50?
Funding Your Binance Account. Source: Binance

Step 3: Buy MINA

After successfully funding your account, it is time to buy some Mina. Simply open go to ‘Markets’ and search for MINA. We recommend you use either the MINA/USDT or MINA/BUSD market pair because of the liquidity, once again. After choosing which market pair you will continue with, all you have to do is enter the amount of Mina you can afford and click on ‘Buy’. Now that you have bought the desired amount of this cryptocurrency, the best thing to do might be hodling onto them.

Mina Price Prediction 2022 and Beyond - Will MINA Reach $50?
Buying MINA Using MINA/USDT Pair. Source: Binance

FAQ

Is Mina Protocol a good investment?

Yes. According to many market predictions, including that of Crypto Academy, investing in Mina Protocol may be very profitable for you. This is because Mina Protocol is one of the most revolutionary crypto projects out there. Moreover, they have a very qualified team and achievable goals. Considering these and the fact that Mina’s blockchain is the lightest in the world, it is safe to conclude that Mina Protocol is likely to have a bright future.

Where can I buy Mina Protocol?

You can buy Mina Protocol in Binance, Gate.io, Kraken, Coinlist Pro, OKEx, LBank, MEXC, CoinEx, CEX.IO, BitMart, HotBit, ZT Exchange, AOFEX, and several smaller cryptocurrency exchanges. Whether Mina Protocol gets listed in Coinbase, or other major exchange that has yet to list this token, remains to be seen. 

How much will Mina Protocol be worth?

A lot. According to our prediction here at Crypto Academy, Mina Protocol may reach a trading value of $38 by the end of 2022. Moving on, our forecast shows Mina sitting at $45 during 2023. Mina Protocol might reach a price of $120 by the end of 2025. New all-time highs are always indicators of a bull market, so when Mina breaks its all-time high, get ready to see it explode.

Also Read: ECOMI Price Prediction 2022 and Beyond – Can OMI Reach $1?

Takeaways

  • Although cryptocurrencies and blockchain technology are revolutionary and provide room for innovation, they have some issues.
  • The biggest problem at the moment is scalability. This means that certain networks are biting more than they can chew.
  • Scalability becomes a problem because of several factors, however, the size of the blockchain is one of the most important ones.
  • Bitcoin’s blockchain size is above 390 Gigabytes while Ethereum’s blockchain size has already surpassed 1 Terabyte.
  • The Mina Protocol is trying to provide a solution for this issue. The Mina blockchain has a fixed size of 22 Kilobytes.
  • There are about 824 million Mina coins in total, with 298 million being in circulation.
  • Mina might end the year 2022 with a price above $35. As for the long run, Mina may go as high as $150 by the end of 2026.
  • All in all, Mina Protocol is a serious and credible project that might be worth your investment.

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