Main navigation

Mina (MINA) Jumps 28% in Rare Weeklong Upshoot, Here's Reason

Mon, 01/30/2023 - 08:17
article image
Godfrey Benjamin
Mina is up by 38% over past week on heightened zk-rollups momentum
Mina (MINA) Jumps 28% in Rare Weeklong Upshoot, Here's Reason
Cover image via

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Mina (MINA) is starting the week as one of the top gainers today, as its price is up by 28.29% over the past 24 hours to $0.8334, according to data from CoinMarketCap. While Mina has been on a positive growth run since the start of the year, its current weekly growth of 38.41% is considered one of the highest thus far this year.

MINA-USD Weekly Chart
Image Source: CoinMarketCap

Mina made its debut back in October 2020 when it was rebranded from the Coda Protocol to what it is currently called. The protocol was known as the world's lightest blockchain network, with a total size of 22kb — as compared to the 300 Gigabyte of Bitcoin (BTC).

Since its inception, Mina has made targeted efforts to grow its ecosystem, an initiative it is doubling down on at the moment. While its landmark ideology to create the most robust small-sized blockchain protocol is difficult, it has gotten a number of impressive applications that are serving its community.

Mina Protocol (MINA) Rallies by 10%, Here's Why

Besides the general trend on the market, users of the Mina protocol are anticipating how the advanced zk-applications its cohort of developers is building will aid the overall usability of the network.

Consolidating its developer network

Despite its promising debut in the blockchain world, Mina was notably faring below par when compared to the new generation of Ethereum killers that had been launched recently.

There is a lot of enthusiasm and optimism around the MINA coin today with its efforts to consolidate its developer network through programs that look like a hackathon and regular meet-ups. These programs can help usher in robust ecosystem growth across the board.

Mina is leaning strongly into the potential of zero-knowledge smart contracts as the new technology that can greatly redefine blockchain usability. With its defined efforts, there is growing confidence in its community that good rewards will be recorded in the mid- to long term.

article image
About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.