In this guide, we will express our and the market’s opinion on Mina’s future as we discuss Mina’s price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Mina.
Now, let’s get into it.
Before delving into Mina’s price prediction and answering questions about whether MINA is a good investment or not, why MINA will succeed or fail, or why Mina’s price will rise or fall, let’s quickly take a look at what MINA is and its history to date.
Table of Contents:
What is the Mina Protocol?
Mina Protocol aims to be a lightweight blockchain that maintains a constant size of only 22 kB, regardless of the number of transactions engaged in the network. This size should allow anyone to manage a node and help secure their network without the need for sophisticated hardware.
This breakthrough is made possible thanks to zk-SNARKs – a type of succinct cryptographic proof. Each time a Mina node produces a new block, it also generates an SNARK proof that verifies that the block was valid. All nodes in the network can then only store this evidence going forward and don’t have to worry about the raw block data. By not having to worry about block sizes, the Mina Protocol enables much higher throughput in the network and enables a large-scale decentralized blockchain.
The blockchain’s native token is called MINA, and is used for all network activities, including as an incentive for network participants and as a form of payment. Mina’s initial offer is 1 billion, however the offer is not limited. In addition, each MINA is divisible into one billion units which are called nanominas. All this can be changed through on-chain governance.
MINA Price Forecast for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Mina Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
MINA Price Forecast 2025 – 2030 – 2040
Our forecasting model sees MINA reaching new highs in 2025:
The MINA price in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.