The cryptocurrency world is about to witness a potential rally in the price of the MINA token. According to World Of Charts, a widely followed cryptocurrency prediction account, MINA is forming a descending channel in H8 timeframe and upon a breakout, we can expect a bullish wave of 80 – 90%.
The prediction has been bolstered by a major announcement from South Korea’s largest exchange, Upbit. It has recently revealed that the BTC/MINA trading pair will be listed on their platform. The trading is set to open at 16:00 KST today, July 11, 2023. Given the historical trend of Upbit listings causing significant price fluctuations in altcoin markets, this move is likely to have a major impact on MINA’s price trajectory.
World Of Charts has further outlined the potential targets for MINA in the short term. The upcoming goals are as follows: TP1 at $0.85-$0.95, TP2 at $1.4-$1.5, and TP3 will be set based on market sentiment and investor appetite.
The bullish forecast on MINA’s price is backed by the unique features and technological innovation behind the Mina Protocol.
Designed as a “succinct blockchain”, Mina maintains a constant size of just 22kB, making it resilient to bloating even with an increasing number of transactions. This compactness is achieved through advanced cryptography and recursive zk-SNARKs, enabling rapid verification of the entire chain in mere seconds.
Mina prioritizes user privacy and security, keeping user data exclusively on the user’s device. It is powered by its active community, contributing to the platform’s development, incentivized by the native token, MINA.
Work is underway to make Mina accessible from other chains, with a bridge being built between Mina and Ethereum. Since its rebranding from Coda Protocol to Mina in October 2020, the project has been hailed as the world’s lightest blockchain, garnering attention for its innovative approach to blockchain technology.
As these developments unfold and with the anticipated listing on Upbit, market watchers and cryptocurrency enthusiasts are keeping a keen eye on the potential of MINA token, which might just be the next big thing in the crypto space.
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