Mina Coin Price Prediction 2024-2030

Mina was launched on exchanges in June 2021 at a price of $9.9013. It currently trades at 93% below that price. Mina is built on the new technology of zk-snark, which is just starting to gain traction and understanding in the crypto world. The Mina blockchain can also be verified on almost any device, with a lightweight proof size of just 22kb (the equivalent of a few tweets).

In late October 2023, as the cryptocurrency market soared on the back of positive news about Bitcoin, one altcoin stood out from the crowd: Mina. At such a critical time, this exposure has led to many people searching for more information about Mina, the Mina protocol, and its price

In this Mina price prediction, we take a deep dive into what may impact Mina price in the near and long term factors and explains exactly what Mina is and what it offers users of the Mina protocol.

Mina Price Prediction Summary

• Mina was launched on exchanges in June 2021 at a price of $9.9013. It currently trades at 93% below that price.
• Mina is built on the new technology of zk-snark, which is just starting to gain traction and understanding in the crypto world. The Mina blockchain can also be verified on almost any device, with a lightweight proof size of just 22kb (the equivalent of a few tweets).
• Following a surge in late October, Mina gained wider attention, driven by a rise in Bitcoin prices and its launch on the UPbit exchange.
• Mina’s highest trading price was $5.9554 and it is currently trading 88% below that price.
• Although the Mina protocol is new to the ecosystem and is built on new technology, it has many opportunities for adoption, putting it in a good position for the future.

##yearPotential low priceMeal average budgetPotential high price

2024	$1.00	$1.75	$3.00
2025	$2.00	$3.00	$4.50
2030	$3.50	$4.80	$6.50

Mina Historical Price

Mina tokens were initially sold through multiple rounds of private placements to raise funds for the development of the protocol. The tokens sell for $0.07, $0.15, and $0.25 respectively.

According to CoinMarketCap data, Mina was listed on June 1, 2021 at a price of $9.9013. From there, it dropped to a low of $0.944 on July 21, 2021.

After that, it pretty much followed the trend of the broader crypto market until late 2021, when it hit a high of $5.9554 on September 16, 2021, before steadily declining in 2022, trading at Between $0.45 and $1.

In February 2023, it surged to a brief high of $1.1928 before falling back again, this time to a lower point than before, in October 2023 It hit an all-time low of $0.3520 on the 11th, which is an incredible 96.44% lower than the $9.9013 ATH launched in June 2021.

Recently, the price of Mina has also increased as Bitcoin and the broader cryptocurrency market filed a lawsuit against Greyscale against the SEC in the Spot Bitcoin ETF case. This coincided with the launch of Mina on the South Korean UPbit exchange on October 24. Together, these events lifted Mina from near all-time lows to a daily high of $0.9648 on October 24.

Key Points in Mina Price History

• Mina was listed on June 1, 2021 at a price of $9.9013, its ATH.
• After falling to a low of $0.9044 on July 21, Mina rebounded to a trading high of $5.9554 on September 16, 2021, a gain of 558%.
• From there, Mina steadily declined, reaching an all-time low of $0.3520 on October 11, 2023, down 96.44% from its debut price.
• On October 24, South Korean exchange UPbit announced the listing of Mina tokens. This coincided with a market-wide price increase on the Bitcoin ETF news, resulting in Mina’s 1-day price increase of over 60%.

Mina Price Prediction 2024

For 2024, there are a few things that could affect the price of Mina and impact any mina token predictions throughout the year. As we will see in October 2023, listing on a new exchange can significantly increase the price of a token.

Finally, we have the Bitcoin halving event that will occur in April 2024. Historically, these events are followed by long-term bull markets, with Bitcoin and many altcoins reaching new all-time highs (ATH). Mina was launched after the last Bitcoin halving event in 2018, so there is no history of Mina’s specific price movements during these events. But altcoin history tells us it's likely to rise.

While things are looking good for Mina next year, we don't expect it to hit a new ATH. That's because its ATH was its opening price, and at best, it's trading at a high of only $5.9554, which is 40% lower than its ATH of $9.9013. Our price prediction for Mina in 2024 is a high of $3, a low of $1, and an average price of $1.75.

Mina Price Prediction Long Term Outlook – 2025-2030 Forecast

Looking ahead, in 2025 we may see the coin peak as the bull market due to the Bitcoin halving event peaks, Historically, this occurs approximately 18 months after the actual halving occurs. Therefore, we could see Mina climbing higher than 2024. Our Mina price forecast for 2025 is a high of $4.50, a low of $2, and an average price of $3.

Predicting prices in the emerging and volatile crypto market is a difficult task. Looking ahead to 2030, however, several things appear to be working in Mina's favor.

First of all, there will be another Bitcoin halving event in 2028, and if history is anything to go by, 2030 will be when Bitcoin reaches its peak again. There’s also the fact that the Mina protocol is currently built on the novel and little-known technology of zk-proofs and zk-snarks. By 2030, understanding of these technologies will be more widespread, adoption of decentralized blockchain technology is likely to be higher, and as a result, the need for privacy-focused protocols like Mina will increase significantly. All of this could push Mina’s coin price into the stratosphere.

On the other hand, if blockchain adoption doesn’t take off, or even if it does, zk-snark technology may not be in great demand or may even be defeated by another technology behind it. Both of these could be detrimental to the Mina protocol. In terms of the latter, Mina has a very active core team of developers who are likely to keep up and adapt to technological changes. However, this is cryptocurrency and anything can happen.

That’s why our Mina price prediction for 2030 is a high of $6.50 (new ATH) and a low of $3.50, with a median price of $4.80.

Potential Highs and Lows of Mina Token Price

The future value of Mina depends on many things. The biggest one, common among all coins, is the overall adoption of cryptocurrencies and blockchain technology. The second factor that will have the greatest impact on Mina’s future price is the adoption of new technology, zk-snarks, on which Mina is built. If there is little demand for it, then there is little demand for the Mina protocol and indeed the Mina token.

It’s hard to say how adoption and technology will develop. We predict these highs and lows for Mina in the coming years:

year	Potential low price	Average meal budget	Potential high price
2024	$1.00	$1.75	$3.00
2025	$2.00	$3.00	$4.50
2030	$3.50	$4.80	$6.50

What are other analysts’ predictions for Mina Coin?

The CoinCodex website predicts that Mina will be close to its ATH by 2025, with a high of $5.42 and a low of $1.36.

CoinCodex

On the Changelly blog we can find price predictions for each month for the next few years. Next year, Changelly expects Mina to reach a high of $0.692 and is not expected to trade above $1 before July 2025.

Changelly

CryptoNewZ website predicts that Mina will reach a high of $2.35 in 2024 and $7 in 2030 point.

CryptoNewZ

On AMBCrypto, Mina is expected to hit a high of $1.30 in 2025 and $2.75 to $2.75 in 2030 Between $4.13.

AMBCrypto’s

According to the DigitalCoinPrice website, Mina is targeting a maximum price of $2.41 and a minimum price of $1.98 in 2025 .

DigitalCoin Price

What is Mina Coin and what is it used for?

Rebranded from Coda in September 2020, Mina is breaking new ground in technology. It is a layer 1 proof-of-stake blockchain based on zero-knowledge proofs. It is unique because the blockchain is always 22kb in size (just a few tweets) and the nodes can run on devices such as mobile phones, allowing each user to verify the blockchain. Mina coin is the base currency of the protocol.

The Mina Foundation helps support and grow the Mina protocol, which is powered by O(1) Labs, by supporting cyber health and security, collaborating with ecosystem partners, and enhanced through grant programs ecosystem.

What is a zero-knowledge proof?

In a zero-knowledge proof, one person proves to another person that they know something without providing them with information about the context or content of what they are proving.

So the second person can verify that the information the first person gave them is correct (or valid) without the first person having to reveal the fact that they know the information they claim to be true is true.

Mina presents this video that briefly explains the foundations of the zero-knowledge technology their blockchain is based on. Importantly, when incorporated into Mina’s smart contracts, this allows users to share private information over a public blockchain without fear of the information being leaked.

How does the Mina blockchain stay so small?

The zero-knowledge technology called "Pickles" used in the Mina protocol is recursive, meaning it can reference itself over and over again without increasing the actual proof size - which means Mina The blockchain will not grow from its tiny size of just 22kb. For reference, at the time of writing, the Ethereum blockchain is 772GB in size.

While the blockchain requires only 22kb of proofs to be verified, historical transaction data also needs to be stored. It is typically stored by those who run archive nodes and use it to provide services such as block explorers. The fact that the Mina blockchain can be verified on a device as simple as a mobile phone means that users do not have to delegate trust of the verification protocol to other participants and can let their wallet do it for them.

dApp and Smart Contracts

Mina blockchain also features zero-knowledge smart contracts written According to a 2022 Stack Overflow survey, Typescript is the 5th most popular programming language, cited by 40.08 % of developers use it - up from 30.19% the year before.

This zkApps website shows that zkApps (Mina’s terminology for dApps) are running on Mina and are currently in a restricted state. If you want to keep up with Mina updates, there is an unofficial community-operated website, as well as the Mina X official account and the Mina Protocol website.

Use MINA Coin

Mina Coin is the native currency of the Mina Protocol , used to pay fees on the network and serve as a form of payment incentive for network participants.

Interestingly, since new Mina tokens are distributed to those who stake their coins to secure the network, those who simply hold the token without staking it will actually be penalized by inflation , because they have no chance to receive block rewards. Therefore, if you plan to own the coin for a long time, it is recommended that you stake it.

Mina Coin Overview

Cryptocurrency	mine
Stock Code	mine
行	#57
Price	$0.6737
Price change 24 hours	-24.77%
Market value	$667,769,836
Circulating supply	990,686,606 mina
24 hour trading volume	$714,569,311
Historical High	$9.9013
Historical Low	$0.3520

What affects the price of Mina Coin?

Since the Mina protocol is at the forefront of combining two new technologies, blockchain technology and zk proofs, we can expect people to be tentative about the protocol until they have more or more certainty about the underlying technology. If zk-proofs and zk-snark technologies, the understanding of them, and the desire for blockchain privacy become mainstream, then MINA is likely to grow in popularity.

Other factors that affect the price of Mina tokens include.

The Rise of Crypto Markets

As Bitcoin surged 21% over five days in late October, Mina gained 158%. However, this was helped by the news mentioned below.

It’s important to remember that since almost every altcoin is affected by rising Bitcoin prices, it is equally affected by falling Bitcoin prices and the rest of the crypto market.

MINA Listed on Exchange

As Bitcoin surged in late October, South Korean exchange UPbit announced that it would list the MINA token on October 24th. The two events combined saw Mina soar up the charts and make news, with a single-day jump of 108%. Mina completed 60% of her rankings that day.

Ecosystem Development and Increased Utilization

Mina Protocol is just beginning to emerge as a blockchain protocol. As the first dApps (or kzApps as they are called on Mina) are launched and upgrades are made to the protocol, we can expect the price to react. It remains to be seen whether it will attract users, which will increase the demand for the Mina token and possibly its price.

Even though it's an emerging protocol, Mina has a multi-year, multi-phase roadmap laid out, indicating that the team has a good understanding of where they're going and how to get there.

Will there be a blockchain scale crisis in the future?

While not a problem now, the blockchain scale problem is coming. Some of the most popular blockchains are large; Ethereum is currently 772GB in size. Soon, the scale of blockchain will make it harder for people to run nodes, more expensive to run cloud nodes, and decentralization may be questioned.

Since these larger blockchains are unable to allow individual users to verify the chain the way Mina can, we may see a decentralization movement towards Mina in the future, increasing token demand and causing Mina cryptocurrency prices to rise.

Is Mina worth buying?

In a blockchain world where every transaction is open and transparent, Mina provides a privacy-centric solution that allows individuals to selectively share their personal information with the parties they need. part, without oversharing and providing other unnecessary personal information. In this sense, Mina has a long-term potential use case.

On the technical side, Mina’s small scale and current development plans help lay a solid foundation for the adoption of their protocol by those who want or need it. It remains to be seen whether there will be a broader call for ZK-centric technology in a world that adopts blockchain technology.

In the short term, Mina and the technology it is based on are relatively unknown, which may hinder its growth. But it also offers informed investors the opportunity to get in before proof-of-zh and other zero-knowledge technologies gain traction.

Finally, Mina isn’t the only ZK-centric protocol being developed, some competitors are building directly on top of the second most popular cryptocurrency, Ethereum. This race could mean Mina was knocked to the ground, and in the future, it is not a fully exploited zero-knowledge-centric protocol.

To sum up, zero-knowledge does seem to be one of the next steps down the road for blockchain technology, and the future of the technology and any protocols based on it looks bright.

Conclusion

Mina and the technology underpinning the Mina protocol are very new to many people, even some of the more experienced market traders. However, this novelty should not be viewed as just a novelty for Mina itself, as real and necessary use cases can be applied to building Mina’s zk-proof technology.

Its novelty means it still needs to find a price in the market as it grows in popularity. However, upcoming releases and events in the crypto market may have a positive impact on the price of Mina, while its long-term future depends on the adoption of the underlying technology and the adoption of Mina as one of the solutions used.

The above is the detailed content of Mina Coin Price Prediction 2024-2030. For more information, please follow other related articles on the PHP Chinese website!