The trading volume of Mina Protocol (MINA) is $187,873,625.94 in the last 24 hours, representing a -25.62% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for Mina Protocol (MINA) is $9.09 , which was recorded on Jun 01, 2021 (over 1 year). Comparatively, the current price is -91.4% lower than the all-time high price. The lowest price paid for Mina Protocol (MINA) is $0.422757 , which was recorded on Jan 01, 2023 (about 1 month). Comparatively, the current price is 84.2% higher than the all-time low price. Market capitalization of Mina Protocol (MINA) is $649,634,818 and is ranked #70 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MINA tokens (820 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Mina Protocol (MINA) is $787,822,847 . This is a statistical representation of the maximum market cap, assuming total number of 1 Billion ETH tokens are in circulation today. The community is bullish as more than 80% of users are feeling good about Mina Protocol (MINA) today.
A blockchain oracle is a data feed that sources information from off-chain systems and enters it on the blockchain for smart contracts use.
Decentralized social media is an open-source, blockchain alternative to traditional social media platforms like Facebook, Twitter, and YouTube.
There are two schools of thought in determining the price of Mina Protocol.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Mina Protocol, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Mina Protocol from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Mina Protocol on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Mina Protocol as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Mina Protocol and the cryptocurrency market as a whole.
2. What is the highest price of Mina Protocol in history?
Mina Protocol achieved the all-time high of $9.09 in 2021-06-01, and is currently trading at $0.77.
3. What is the lowest price of Mina Protocol in history?
In 2023-01-01, Mina Protocol reached the all-time low of $0.42.
4. Should I buy Mina Protocol now?
It is important to remember that Mina Protocol, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.