Mina Protocol Price Prediction – Will MINA Price Hit $10 Soon?

This Mina Protocol (MINA) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our MINA price analysis and prediction.

There are many cryptocurrencies that spiked to a new all-time during this 2021 bull run. In contrast, some crypto also faced a downtrend position. As a result, many crypto traders are worried about whether it is time to hold or sell their crypto. This is also the same case that traders are experiencing in Mina Protocol. However, MINA is one of the newcomers into the market that has given its investors over 240% returns in the past eight months.

Can Mina Protocol (MINA) reach $10 in 2022? We will find out shortly. But before we proceed to our MINA analysis, let us first answer the question “What is MINA?” in this Mina Protocol (MINA) price prediction 2022 article.

What is Mina Protocol (MINA)?

Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020.

Mina is working on achieving an efficient distributed payment system that enables users to natively verify the platform right from the genesis block. Its technical whitepaper calls this a “succinct blockchain.”

Mina employs the Ouroboros Samasika, a type of PoS mechanism specially designed for succinct decentralized networks since it provides bootstrapping from a genesis block.

Block producers take the form of stakers or miners and earn block rewards and transaction fee payments. Interestingly, the protocol doesn’t slash incentives that go to block producers. This category of participants allows Mina users to delegate their coins to them.

Now that we are clear about MINA do you think Mina be profitable crypto in 2022? Join me and let us see the charts in this MINA price analysis and MINA price prediction.

Mina Protocol (MINA) Current Market Status

As of the time of writing this Mina Protocol price analysis, MINA trades at $3.24 with a 24-hour trading volume of $226,619,910. The price of MINA has decreased by 2.61% in the last 24 hours.

Furthermore, Mina Protocol (MINA) has a current circulating supply of 448,682,593.84 MINA. Currently, the top cryptocurrency exchanges for MINA are Binance, Mexc, Kraken, Coinbase, Bybit, and Gate.io.

Now, let’s proceed to the next part of this MINA technical analysis for 2022.

Mina Protocol (MINA) Price Analysis 2022

Currently, Mina Protocol (MINA) holds 70th place on CoinMarketCap. But will the latest upgrades, development, and changes in the Mina blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this Mina Protocol price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for MINA/USDT, we can deduce that the price of MINA might get bullish in some days since the price is consolidating at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 68.67.  This shows that Mina Protocol (MINA) is showing a strong trend since its RSI lies between 50 and 70. his value can trigger a bullish run if more buyers reposition as the value is moving towards the 70 RSI value which is the overbought region.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is large and both moving averages are touching the recent candlesticks, there might be consolidation before a strong bearish run.

Mina Protocol (MINA) Price Prediction 2022

The chart below shows that Mina Protocol has performed great over the past few days. Moreover, the MINA price shows a bullish trend and had gained over 76.4% in the past 30 days. If this trend continues, MINA might run along with the bulls, overtaking its $3.88 resistance1 level and moving higher to $6.22 at resistance3, the 2022 bullish signal.

Conversely, if the investors turn towards the crypto, the bears might take over and push Mina Protocol from its uptrend position. In simpler terms, the price of MINA might plummet to almost $1.57, a bearish signal.

Meanwhile, our long-term Mina Protocol price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.

Mina Protocol (MINA) Price Prediction 2022

If this bullish trend continues, Mina Protocol will reach $6.22 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $4.86. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $10 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Mina Protocol (MINA) Price Prediction 2023

If MINA holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $30, making it not plummet but play consistently.

Mina Protocol (MINA) Price Prediction 2024

As per the latest upgrades, developments, Mina Protocol price prediction, and new project forecasts of the platform, MINA investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of MINA in the crypto market, and it will be the best investment as the price can spike and reach around $70.

MINA Protocol (MINA) Price Prediction 2025

In the next four years, Mina Protocol prices could rise up to $120. More so, reaching this level could not be so difficult for MINA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MINA has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

Mina Protocol (MINA) Price Prediction 2026

In the next five years, Mina Protocol prices could rise up to $200. More so, reaching this level could not be so difficult for MINA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MINA has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Mina Protocol has a bright future ahead of it in 2022. With the ongoing developments happening within the MINA ecosystem, as well as in the overall crypto market, we may see MINA reach new heights.

Bullish MINA price prediction for 2022 is $6.22. As said above, it may even reach its new ATH if investors have decided that MINA is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.