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Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020.
The Mina network has a size of only 22 KB, which is miniscule when compared to Bitcoin’s 300 GB blockchain.
Mina is similar to Bitcoin, apart from how it handles transactions, but also employs the account model used in Ethereum.
In this respect, the difference between Bitcoin and Ethereum is that the state of the Bitcoin blockchain contains a list of unspent coins, while Ethereum’s state is made up of account balances.
Mina, on the other hand, uses a prover (or snarker, if you will), an equivalent of a miner, to ensure each block commits to the state.
Mina Protocol (MINA) Epic Altseason Bull Run Rally. MINA Price Prediction And Chart Analysis 2024
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MLC
I can only show you the door you have to walk through it hello guys welcome to Mr Legend crypto guys in this video we’ll taking a look at an altcoin Mina over the last one year Mina has rally up by 186% Good Times of return back to the
Altcoin market 2023 has been a good year for the altcoin market what’s the realistic price expectation for me in 2024 how high can Mina possibly go in the year 2024 and if we seen a big dump gobling time in 2024 and Mina starts dumping to gobling town where are we
Going to find support we take a look at the Mina US dollar price chart on a weekly time frame we also look at Mina performance against the king of the market Bitcoin and we’ll finally look at Mina’s performance against king of all coins in the market ethereum Mina market
Cap sits around the $1.2 billion region can we R to as high as 12 billion in 2024 we’ll be talking about that and more in this video but first guys an investment in knowledge pays the best interest so when it comes to investing nothing pay off more than educating
Yourself do the necessary research and Analysis before making any investment decision let’s get down to business the last one year has seen mear rally up by 186% the last one month Min rally up by 70% 2023 has been a great year we have been pumping to the moon
But guys it has not always been like this we just started pumping for the last 3 months of 2023 we spend majority of 2023 dumping to Goblin Town we saw Mina starting 2023 trading around the $0.4 level and by the time we got to February in 2023 Mina was already
Trading around $1.2 we expected the year to be very very optimistic we expected Mina to continue pump into 2023 but that was not what happened the market did what it did we set new lows and by the 99th of November 201 23 Min now was in a
New low and we have started rallying to higher prices now right now there’s a lot of optimism in the market we’re expecting 2024 to be a great year just because we’re ending 2023 on a very bright note before we get ahead of ourselves guys let’s not forget we’re
Ending 2022 the market was very pessimistic we didn’t see any way that will be pumping to higher prices 2023 came with a lot of surprises so I’m expecting 2024 to come to lot of surprises key levels to watch out for for mina in 2024 on this channel we’re
Not expecting new alltime highs for L of all coins in the market King of the market Bitcoin has not dropped to new alltime highs we don’t expect to see a lot of all coins pumping to new alltime highs in 2024 I believe 2024 will be the great year of retracement and for mina
Protocol guys we have to pay attention to what Mina will be doing at that $3 level the $3 level is very very important I see us in 2024 probably ring quickly in the first quarter of 2024 towards the $3 level from where we’re currently trading right now Mina will
Have to Rally up additional 144% to get there and if we measuring Mina’s performance from the bottom from the 0.35 level if we get to that $3 level guys would have rallied up by more than 754 take a look at the allcoin market love allcoins having huge huge pumps the
Last one year since rally by 92% Bonk is up 5,6% render token 1,000% kaspa over 2600% the least goes on Good Times are returning back to the altcoin market guys let’s not get carried away we had a very very wonderful B run in 2021 what happened in
2022 a huge Dum to gobling town and I believe those Dums are not over I believe we still have one more final dump in the cryptocurrency market before we start an epic epic bull market right now the consensus in the market that we’re in the bull we in the New buom
Market but guys be very very careful out there crowd is always wrong at the extreme anytime the whole Market agrees on something the market will do exactly the opposite of that I’ve seen this happen a million times we’ve seen how people are Chen charging for Bitcoin to
Get to $100,000 do we get $100,000 we could only get to as high as $69,000 so I’m not be shock if Bitcoin doesn’t even set any alltime highs in 2024 if Bitcoin just gets to as high as maybe $52,000 Mina protocol can even rally above that $3 level there’s no
Rule that says we must just get to $3 and start dumping to Goblin Town there’s just a very high possibility that when we get to $3 we’re going to face a lot of resistance if we see ourselves trading around the 4.9 $5 level guys the smart thing will be to take some profit
Off the table you’re here to make some money you’re here to buy the lows you’re here to sell the highs guys if the market is up and you’re not selling when we eventually get to a new be Market when we eventually go back to gobling
Town you will not have some cash and the best way to get some cash is to sell some when the market is pumping take a look at Mina has done since when it was launched we had a huge dump to go bling toown the allcoin market can be very
Very volatile Mina lost more than 90% of his value before it recovered pumping even though he didn’t set new highs we saw Mina getting to that $6.2 level and before it got to the $6.2 level it rallied up by 64% to date that’s the biggest rally we
Seen from Mina we expect Mina to continue this pump we started in October if we can get to that $4.9 level guys we will see Mina in 2024 trade around the $9.5 level the $4.9 level and have ried up by more than 1,000% from the bottom let’s look at some key details about
Mina currently trading above $1.24 with a market cap of $1.2 billion Mina has circulating Supply of1 billion tokens the alltime high for mina happened on the 1st of June 2021 traded for as high as 9.91 the alltime low happened on the 11th of October 2023 it traded for our slope at
$0.35 and if you want to get some Mina for yourself if you want to sell some if you believe either Palm to the moon or D to Goblin Town you can perform those activities on binance on coin exchange on okx on B and guys anywhere you get
Your popular all coins you can get some Mina right there Mina protocol is a minimal circulent blockchain buil to Cil computational requirements in order to run DS more efficiently Mina has been described as the world lightest blockchain C size is designed to remain constant despite growth in usage and
Take a look at Mina’s performance against the king of the market Bitcoin right now it’s outperforming Bitcoin I expect it to continue up performing Bitcoin till early 2024 but remember guys a little of time all coins out performing Bitcoin those out performers cannot last after 1 month 2 months
Maximum 3 months we see those all coins giving back those gains to the market take a look at what Mina is doing against ethereum also are perform in ethereum and right now A lot of people are flipping those ethereum gains those Bitcoin gains back into altcoin Market
Min protocol is one of those places that is enjoying from those rotation and take a look at Min protocols market cap which is almost at a new alltime high this is a very very woring sign be paying attention to the market cap market cap is very important mean as market cap
Alltime high is around the 1.8 billion level and we’re not far of the alltime high even though the price is still far of the alltime high for the market cap we just need to Rally up by around 50% get to the previous all-time highs if you get to New alltime highs 2024 expect
Us to retrace all those G my predictions for 2024 for mina protocol we’ll see us not getting to new alltime highs best case get to the $5 level and a big dump lives ahead of us so guys protect yourself have some cash on the side sell some more the higher we
Go thank you guys for watching this video don’t forget to subscribe to this channel for more awesome videos like this turn on the post notification if you want to get notified anytime I drop a new video and anytime I go live remember guys when it comes to investing
Nothing willay pay off more than educating yourself and investment in knowledge pays the best interest so invest for the Long Haul don’t get too scared don’t get too greedy see you guys in my next video remember all I’m offering is the truth nothing more there you go
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