The post MINA Prints 88% Growth, What Is Behind This Rally? appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Mina Protocol (MINA), branded as the world’s lightest blockchain network, is leading the altcoin resurgence today following its mega 88% rally in the past 24 hours. Atop this price surge, the coin’s price is now pegged at $0.7712 as it looks to retest its year-to-date (YTD) high of around $1.17. MINA 1D Chart. Source: CoinMarketCap The MINA resurgence is a testament that though an altcoin can ignite a rally based on Bitcoin’s influence, the pace can be triggered by its own fundamentals and community leanings across the board. MINA has outpaced the major altcoins, and by its current price action, it has complemented the gains accrued over the trailing seven-day period, jumping as high as 109% in that time frame. MINA is designed to curtail computational requirements in order to run dApps more efficiently. Since its launch, it has grown a very robust ecosystem and community of users who rely on its speed, efficiency and low computation power. MINA has recorded an impressive embrace over recent years, and while it remains a mid-cap altcoin, it is considered one of the digital currencies whose technology stack is vital for the evolution of the broader crypto industry. MINA growth trajectory MINA is riding the trail of the zk-rollup hype as it looks to capitalize on the technology many believe will reshape the…

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Filed under: News - @ October 24, 2023 10:26 pm