Following its massive 88% gain over the previous 24 hours, Mina Protocol (MINA), billed as the world’s lightest blockchain network, is leading the resurrection of altcoins today. The coin’s price is currently at $0.7712 on top of this price increase as it attempts to revisit its year-to-date (YTD) high of almost $1.17.
The MINA revival is proof that while an altcoin can start a rise based on Bitcoin’s impact, the speed can also be set by its own fundamentals and general community sentiment. MINA has outperformed the top cryptocurrencies, and based on its recent price movement, it has complimented the gains made over the previous seven days, rising as much as 109% during that time.
MINA is made to reduce computing needs so that dApps can operate more quickly. Since its introduction, it has developed a very strong user base and ecosystem that rely on its quickness, effectiveness, and minimal computational power.
MINA has had a significant uptake in recent years, and despite the fact that it is still a mid-cap altcoin, it is one of the digital currencies whose technical stack is essential for the development of the larger crypto sector.
MINA growth trajectory
As it seeks to profit from the technology that many believe could transform the future of the blockchain ecosystem, MINA is riding the wave of the zk-rollup frenzy.
MINA has seen a strong welcome from many market participants, particularly exchanges. When Upbit published the MINA/BTC trading pair, as was previously reported, its price increased by 17% at the moment. This listing supports some of the protocol’s endeavours to compete with Ethereum Layer-2 protocols like Polygon, which are known to support zero-knowledge projects and are more liquid.
With the present growth prognosis, MINA is focusing on the $1 resistance level, which, if broken, may spark unheard-of growth.
