{"id":374967,"date":"2023-02-12T11:20:25","date_gmt":"2023-02-12T16:20:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=374967"},"modified":"2024-04-29T10:57:10","modified_gmt":"2024-04-29T10:57:10","slug":"mina-price-calls-a-golden-cross-as-bulls-eye-44-gains-key-levels-to-watch","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/mina-price-calls-a-golden-cross-as-bulls-eye-44-gains-key-levels-to-watch","title":{"rendered":"MINA Price Calls A Golden Cross As Bulls Eye 44% gains: Key Levels To Watch"},"content":{"rendered":"
MINA, the native token of the succinct blockchain Mina protocol, started the year with a dull outlook, but the scale started to tilt in the second week of January as bulls raised the price 30% between January 8 and January 16 to a high of $0.58. From then on, the bulls took the driver\u2019s seat, leading MINA price to record more gains and trade above the $1.0 mark.<\/p>\n
With a surging trading volume for the MINA token, the Friday and Saturday trading sessions stood out as the price soared 62% to a high of $1.155 on February 11. Bears are currently trying to break the rally and cut down on the ground covered, but the technicals support the upside as bulls plan a 44% run to $1.6.<\/p>\n
At the time of writing, the MINA price was trading at $1.098, 4.49% higher than the last day. The token\u2019s trading volume had also increased by 22.81% to $335.83 million, along with a 5.05% surge in market cap to $921.66 million, placing the token at #54 on CoinMarketCap.<\/p>\n
As its size is designed to remain constant despite growth in usage, the Mina protocol is the world\u2019s lightest blockchain, touting itself as a minimal “succinct blockchain<\/a>” built to curtail computational requirements to run DApps more efficiently.<\/p>\n At the core of the Mina protocol is to deliver an efficient distributed payment system where users can natively verify the platform right from the genesis block. Mina\u2019s technical whitepaper<\/a> dubs this a \u201csuccinct blockchain.\u201d<\/p>\n The recent price surge for the MINA token comes as the launch date for Cohort 1 draws near. ZkIgnite, christened Cohort 1, is a three-month program initiated to support “the most ambitious developers and entrepreneurs building zkApps and tooling on Mina Protocol.\u201d<\/p>\n 4\/ Want to build decentralized applications that solve real-world problems? <\/p>\n zkIgnite is the builders program for you \u26a1\ufe0f<\/p>\n Sign up today! https:\/\/t.co\/WdNKDsR61s<\/a><\/p>\n — Mina Protocol (httpz) \ud83e\udeb6 (@MinaProtocol) January 17, 2023<\/a><\/p><\/blockquote>\n\n