While the crypto currency market is dominated by a downward trend, it is also seen that there have been declines in the popular crypto currencies of recent times. Mina (DEC) is also among these cryptocurrencies. Mina, who has attracted attention with her recent rise, is the recent declines giving a buying opportunity, MINA coin is it taken?
The Future of Mina Coin
The Mina Protocol is a minimal blockchain created in order to reduce computational requirements for running dApps more efficiently. Mina is described as the lightest blockchain in the world because it is designed to remain constant in size despite the growth in usage. It is also stated that it will remain balanced in terms of security and decentralization. The project dropped the Coda Protocol name in October 2020 and was rebranded as Mina.
Crypto currency experts Mina Protocolhe believes that the future of fame, and therefore of MINA, is bright. In particular, the recent steps taken are also qualified as a proof of this. However, at this point, it is beneficial for investors to make transactions by considering the volatility of crypto currencies.
Mina Coin Price Expectations
After MINA broke its own record with $ 6.57 on November 11, it went into a decline along with the market. With the recent declines, MINA declined to 4.4 dollar levels only after Bitcoinwith the rise of the, it rose above the important level of 4.7 dollars.
According to analysts, the front of MINA is open, but for this, it is necessary to see a recovery in the crypto currency market. If BTC if it starts a new decline, in this case, the price of MINA may also move to a new decline. In addition, in order for MINA to break the record of 6.57 dollars, it must first break the resistance of 5 dollars.
The information contained in this article absolutely does not contain investment advice. Investors, cryptocurrenciesit should be aware that it carries high volatility and therefore risk, and it should carry out its operations in accordance with its own research.