MINA Protocol Surges 88%: Altcoin Rebirth

Mina Protocol (MINA), branded as the world’s lightest blockchain network, is leading the altcoin resurgence today due to its 88% surge over the past twenty-four hours.

On the back of this price increase, the coin’s price is currently $0.7712 as it seeks to retest its yearly high of around $1.17.

The resurgence of MINA is evidence that although an altcoin can spark a rally based on Bitcoin’s influence, the pace can also be driven by its own fundamentals and community sentiments.

MINA has outpaced the majority of altcoins, and based on its current price action, it has supplemented the gains accrued over the previous seven days by increasing by as much as 109%.

MINA is intended to reduce computational requirements so that distributed applications can operate more efficiently.

Since its inception, it has amassed a considerable ecosystem and user base that rely on its speed, efficiency, and low computational power.

While it remains a mid-cap altcoin, MINA is regarded as one of the digital currencies whose technology stack is essential to the evolution of the broader cryptocurrency industry.

MINA is capitalizing on the technology that many believe will reshape the future of the blockchain ecosystem by utilizing the zk-rollup craze.

MINA has received a warm reception from various market participants, especially exchanges. As reported in July, Upbit listed the MINA/BTC trading pair, causing its price to increase by 17%.

This listing complements the protocol’s efforts to compete with the more liquid Ethereum Layer-2 protocols, such as Polygon, known for championing zero-knowledge initiatives.

With the current growth outlook, MINA has its sights set on the $1 resistance level, which, if breached, could propel unprecedented growth.