The MINA community is celebrating the most significant milestone ever made by the token. The latest report shows that the MINA token had a 17% value increase when it was added as a trading pair with BTC on Upbit: the biggest Korean exchange.
The token’s use and liquidity are increased by enabling direct Bitcoin-to-MINA exchanges. While commenting on the development, the management of MINA says this “latest listing has created new opportunities for traders and investors who wish to explore the token’s blockchain platform.”
This new change is expected to happen at 16:00 KST, July 11, 2023, which is expected to have significant fluctuations in the price of altcoin. According to CoinMarketCap, while commenting on the headline, MINA intends to “remain constant despite growth in usage, thus, making it a desirable option for those looking for consistency in a constantly growing environment.”
The price of the MINA token experienced a significant increase yesterday, rising by almost 17% and peaking at $0.505. The coin, presently trading at $0.477 on the Binance exchange, has since seen a 5.48% decline.
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The decline has not stopped the coin’s propensity to perform, an attitude experts link to the investors’ optimism. This current increase follows a huge 17.47% fall in the value of the MINA token between July 5 and July 10.
South Korea is an important player in the cryptocurrency market. Thus, the MINA token’s listing on the biggest Korean exchange creates a lot of potential to draw additional users and investors. The MINA ecosystem may experience more significant growth and stability as a result of the exposure and trading options that have been expanded.
MINA Achievement Lingers, Predictions, And Renewed Investor’s Confidence
With its distinctive approach to blockchain technology and use of zk-SNARKs, a privacy-enhancing cryptographic technique, the MINA protocol stands apart from the competition. According to Colin Wu, a Chinese journalist and cryptocurrency blogger, on his Twitter handle, as obtained from Upbit’s official statement, said that traders will make deposits only from the MINA protocol alone; hence, they are not authorized to conduct it from any other chain.
Data extracted from World Of Charts stated that the sudden surge in the price of MINA is targeted for the short term. The team at World Of Charts has predicted the next price of MINA as TP1 (Take Profit 1) at $0.85-$0.95 and Take Profit 2 (TP2) at $1.4-$1.5.
The data also shows that MINA is building on the H8 timeframe, planning a breakout. Traders also expect a bull run of 80%-90%, a development linked to the Upbit announcement of a possible BTC/MINA trading pair on its platform.
Meanwhile, analysis obtained from CoinMarketCap shows that MINA experienced a 2.94% increase in market capitalization, making it hit $427,764,589. Its trading volume rose by 1001.26%, hitting $80,104,693 in the last 24 hours. The price is currently $0.4592 (on CoinMarketCap) after a 3.52% 24-hour increase.
The total number of MINA in circulation is 931,992,571, with a maximum supply of 931,992,571 at press time. Data from the Binance platform shows that MINA has had a +10.54% increase at $ 0.0483612 since its last surge in the previous 30 days; behavior analysts believe it’s a clear sign of investor loyalty. The latest price prediction from CryptoNewsz sees the MINA coin reaching $5.94 by 2024 and $5.78 in 2025.