MINA Price Prediction - Under the Radar Top Crypto Gainer Surges 25%

MINA Price Prediction – Under the Radar Top Crypto Gainer Surges 25%

Updated: 26 January 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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As the crypto market consolidates again, several altcoins have done well to record impressive price gains. MINA is one such option, with a solid 18.77% surge in the past day. However, what are the prospects for this asset?

MINA Moves With the Market

After seeing some moderate losses earlier this week, the broader crypto market appears poised for gains. The market is up by 2.06% in the past 24 hours, with its total capitalization now hitting $1.05 trillion and looking to post even higher gains.

MINA, an altcoin with massive potential, has followed this trend higher. The digital asset currently trades at $0.6979, an impressive 18.77% rise in the past 24 hours. MINA is among the best performers in the top 100 assets, and its prospects look attractive at the moment.

Despite its price gain, it is worth noting that MINA’s technicals haven’t necessarily improved. The crypto asset is still trailing most of its moving average (MA) indicators, with its price only above the major 200-day MA of $0.683. A surge in the asset’s price in the short term should help to recover some of these losses, so investors would most likely be looking to see how it performs.

MINA’s negative moving average convergence divergence (MACD) shows that the asset is giving a sell signal. However, investors will be impressed with its relative strength index (RSI) of 37.63 – indicating that it isn’t close to the overbought level.

A Recovery Frenzy

The Mina Protocol is a blockchain platform that aims to be a much lighter and nimble application for developers. Created by 0(1) Labs and launched on mainnet in early 2021, this blockchain aims to maintain a constant size of no more than 22 kB, regardless of how many transactions it handles per time. This size should help anyone operate a node and bolster the blockchain’s security without the need for sophisticated computer hardware.

MINA, the blockchain’s native token, is used to process transactions. Users can trade the digital asset for other coins or stake it to support the blockchain platform and validate transactions.

So far, there isn’t much as to why the price of MINA is experiencing an uptrend, implying that the market rally appears to have extended significantly to the asset.

Crypto investors have been especially excited for 2023, as the market has had a roaring start to the year. And as many continue to anticipate a possible reversal of tightened monetary policies from the Federal Reserve in the coming days, coin prices have consistently risen.

The Fed has so far not given much of a hint concerning how it will approach the interest rate issue. Still, the consensus remains heavily in favor of a drop in interest rates at the next Federal Open Market Committee (FOMC) meeting. If this happens, investors would have access to more capital, which would pave the way for an influx of funds into risky assets, especially crypto.

Is MINA Worth the Risk?

As an up-and-coming crypto asset, there is a lot of promise for MINA. However, investors would also want to be cautious as the current bearish conditions continue to loom.

In the meantime, several assets could provide impressive gains for value-seeking investors.

MEMAG is the native token for the Meta Masters Guild gaming consortium. Meta Masters Guild takes a game-centric approach, which means that no blockchain technology, tokenomics, or earning mechanics will interfere with players’ fun. The digital asset is currently available on presale and has raised over $1.43 million in a few weeks.

Visit Meta Masters Guild Here

FGHT is the native token for the Fight Out move-to-earn platform. The project aims to redefine fitness for the Web3 era and be a better alternative to M2E crypto projects such as STEPN (GMT) and Step App (FITFI) by establishing a real-world community and launching an international gym chain. Still, in its presale, the digital asset has now raised $3.47 million and is selling out fast.

BUY FGHT