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

Please fol­low and like us:
Pin Share


article image
God­frey Benjamin

Mina is up by 38% over past week on height­ened zk-rollups momentum

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.

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.

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *