- MINA blockchain, with its 22kb block size, is considered a high-potential project in terms of security.
- MINA Coin’s price reached an all-time low this month, standing at $0.355.
- LuminaDEX, the first DEX of the MINA ecosystem, has announced the completion of its strategic investment round.
MINA blockchain’s small block size and LuminaDEX’s strategic investment round are some of the key developments in the MINA ecosystem, despite the coin’s price hitting an all-time low.
MINA Coin: A High-Potential Project
MINA Coin, despite being relatively new to the crypto scene, has been making waves due to its unique blockchain structure. The blockchain’s small block size, a mere 22kb, is one of its standout features. This small size allows for the potential of the network to operate even on browsers in the future. The implications of this are significant, as it means running a Bitcoin node, which currently requires substantial storage space, memory, and internet traffic, could become much more manageable.
The Importance of Nodes
Nodes, or validators, are crucial for network security. If you run your own node, the network can continue to operate even if you are the only node. The number of nodes is a key indicator of decentralization and security. For instance, running a Solana validator requires a fast internet connection and substantial storage space. However, MINA Coin’s team has eliminated this issue with their small block size. In addition, MINA combines this with ZK technology, which giants like Polygon are only just beginning to implement.
MINA’s Ecosystem and LuminaDEX
Despite its potential, MINA has yet to establish its own ecosystem. There are currently no popular applications that can be used on the network. However, the team is focusing on this issue, and the first DeFi platform on the network, LuminaDEX, has completed its strategic investment round. MINA, through its foundation, was among the investors, demonstrating its commitment to supporting its ecosystem.
MINA Coin’s Price Performance
Although many experts see a bright future for MINA Coin, its price hit an all-time low of $0.355 this month. It has since recovered somewhat, but surviving in bear markets is not easy. Even though BTC has recently surpassed $26,400, leading to a 2% daily gain, we may not see momentum in the price rise until it exceeds $0.417.
Conclusion
If a genuine recovery has begun from the ATL level, resistance levels of $0.449 and $0.524 will be tested. The ultimate target to surpass is located at $1.24. Despite the recent price drop, the developments in the MINA ecosystem, particularly the completion of LuminaDEX’s strategic investment round, suggest a promising future for MINA Coin.
