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Can MINA reach $10?

Mina Protocol is a tier 1 blockchain that describes itself as the lightest blockchain in the world. The reason is that Mina’s size remains constant regardless of the growth of its use.

Mina is a ‘succinct blockchain’ that minimizes the computational requirements to run DApps efficiently while remaining secure and decentralized.

Note that succinct blockchains have two main functions: verification and updating. Here, the verification involves consensus, the summary of the blockchain and the blocks, while the update function interacts with the consensus and the summary of the chain.

In addition to the above implementations, Mina uses a parallel scan state to optimize transaction processing speed. This involves bundling untested blocks and assigning the process to parallel verifiers
.

Mina’s main objective is to create an efficient distributed payment system that allows the native verification of the platform from the genesis block. The protocol uses zk-SNARK to authenticate information without disclosing it, but Mina incrementally calculates SNARKS that focus only on the last blocks to make it practical for large networks
.

MINA is the native token of the Mina protocol. It has a total supply of 1,016,741,693 tokens and of which 874,847,287 tokens are already in circulation. The following are the use cases of the MINA token
:

  • Mina tokens are used to facilitate transactions on the network.
  • Users can stake their MINA coins to earn passive income.
  • MINA token holders can participate in the governance of the platform through voting mechanisms.

Key Features

  • The size of Mina Network is only 22 KB and therefore it is a lightweight blockchain.
  • Mina Network uses the Ouroboros Samasika consensus algorithm (which is a kind of PoS designed for concise networks).
  • The protocol uses zero-knowledge evidence to create a secure infrastructure.

Overall, considering the use cases and key characteristics of the Mina protocol, it seems to be a moderate case for investments.

Mina Protocol Price Prediction: Can MINA Reach $10?

To reach $10, the MINA token must grow by almost 13.69 times its current market price.

In addition, MINA reached its all-time high price of $6.2 in September 2021, where it grew nearly 5.17 times in just two months (that is, from its lowest price of $1.2 in July 2021).

Thus, the MINA token needs about 5.3 months to reach a price level of $10, considering its growth of 2.58 times in a month. But it could take a little longer depending on market conditions and economic factors
.

Therefore, reaching $10 is not a difficult goal for MINA if market conditions ease.

Mina Price Prediction 2023, 2025 and 2030

  • The 2023 Mina Price prediction is $1.35
  • The Mina Price 2025 prediction is $2.43
  • The Mina Price prediction 2030 is $11.28

Where can I buy Mina Crypto?

MINA tokens can be purchased from various centralized crypto exchanges such as Binance, Kraken, Coinbase Exchange, OKX, Gate.io, KuCoin, Huobi, and Crypto.com Exchange.

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