In this guide, we will voice our own and market’s opinion on MINA future while discussing Mina price forecast for 2022 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Mina.
Now, let’s head into it. Before we delve deep into the Mina price prediction and answer questions if MINA is a good investment or not, why will MINA succeed or fail or why will Mina price rise or drop, let’s quickly throw a glance at what is MINA and its to date history.
What is Mina Protocol?
Mina Protocol aims to be a lightweight blockchain that maintains a constant size of just 22 kB, regardless of how many transactions are committed to the network. This size should allow anyone to operate a node and help secure its network without needing sophisticated computer hardware.
This breakthrough is made possible due to zk-SNARKs – a type of succinct cryptographic proof. Each time a Mina node produces a new block, it also generates a SNARK proof verifying that the block was valid. All nodes in the network can then store just this proof moving forward, and don’t need to worry about the raw block data. By not having to worry about block sizes, the Mina protocol enables vastly higher throughput in the network, and enables a blockchain that is decentralized at scale.
The native token of the blockchain is called MINA, and it is used for all network activities, including as an incentive for network participants and as a form of payment. The initial supply of MINA is 1 billion, however the supply is not capped. In addition each MINA is divisible into one billion units that are called nanominas. All of this can be changed through on-chain governance.
MINA Price Prediction For The Next 90 Days
The whole crypto world is on a verge of a full-fledged bear market. Bitcoin has slumped 50% from its all time high amid the broader market drops impacted by raging inflation and US Fed rate increases. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2022, especially in the second part of the year. This is reflected in our 2022 predictions. Right now, Bitcoin needs to find a local bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distanced and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will MINA develop in the short-term (for the next 90 days), according to our prediction model:
Mina Price Prediction 2022
Our prediction model sees a temporary switch to a bear market at the beginning of 2022 before we move onto another leg up in Q3 & Q4 of 2022.
MINA Price Prediction 2025 – 2030 – 2040
Our prediction model sees MINA reaching new highs in 2025:$ 2.55
MINA price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com