Due to the growing demand for the Mina protocol, the Mina price (MINA) has reached its highest level in the last 8 months. So much so that the price of Mina started a new uptrend for the day and rose to $ 6.26.
Mina (MINA) price continues to rise.
The total profit of the popular cryptocurrency Mina has exceeded 578% since July. In addition, MINA currently has a market cap of over $ 1.4 billion, making it the 78th largest cryptocurrency in the world with a large number of crypto signals – say one of the experts from SafeTrading.
- Mina is performing well despite the downturn in the market. Such a popular cryptocurrency has outperformed other cryptocurrencies, increasing by about 60% over the past week, despite price adjustments.
- On the other hand, MINA posted good gains throughout the day and is up 25% in the last 24 hours. In addition, the highest level was set in the last 8 months as the cryptocurrency began to rally.
As of this writing, Mina has continued to climb, according to data from CoinMarketCap, trading in the $ 6.27 range.
MINA price prospects.
The four-hour chart shows that the price of the Mina protocol has been in a strong upward trend lately. Rally is Polygon, the fast-growing second-tier platform that has accelerated since its recent merger.
In addition, Mina continues to move above the 25-day and 50-day Exponential Moving Average (EMA). The popular cryptocurrency is also trading at its highest level since September 11 by crypto signals, while the MACD is above neutral.
As such, the best analysts of the SafeTrading team predict that as long as the bulls remain stable above the $ 6.3 resistance level, the Mina protocol price may continue to support the uptrend.
Mina’s price in possible double top neck drop at $ 4.53.
What is Mina Protocol?
Mina Protocol is a blockchain project launched to address some of the biggest challenges facing the industry. It is a payment-oriented blockchain that offers similar functionality to Bitcoin but with different transaction semantics.
It uses an account-based model where each block includes obligations to the government but not to the government as a whole. It uses the Proof-of-Stake consensus protocol for short blockchains called Ouroboros.
Mina’s price continued to rise as demand for the popular cryptocurrency grew. In addition, according to new reports, the protocol will work with Polygon to enable privacy-protecting applications on Polygon. In a statement, the Mina CEO made the following statements:
- “The Mina Foundation shares Polygon’s dream of a fully decentralized daps ecosystem that gives users control over the privacy of their data. We are delighted that privacy-preserving and verifiable applications will be launched on Polygon using the Mina protocol. ”
Gala (GALA) is up 265% after listing on Binance.
- Gala (GALA) is trending now. After a leap forward, it continues to grab the attention of the cryptocurrency community.
- With this rise, the GALA hit an all-time high (ATH) of $ 0.077. This means an increase of 265 percent.
The rise in question came after Binance’s listing of this altcoin, so it is hyped for now. Because GALA is seen as an opportunity in the future, just like NFT. Earning cryptocurrency by playing games is one of the hottest challenges in the industry right now – it is the opinion of the best analyst of SafeTrading on this event.
The gaming industry is a new way to attract new users to cryptocurrencies.
Gala Games offers projects focused on blockchain games. This allows users to use their own NFT characters while playing the game. This made it especially easy for this altcoin to grow after it was listed on the Binance cryptocurrency exchange.
According to CoinGecko, the GALA price rose from $ 0.021 on September 12 to a daily high of $ 0.077 on September 13. In addition, the volume of transactions in the last 24 hours has increased by 270 percent.
So when did this sudden rally start? Right after the first tweet from Binance. He announced that he would contribute to GALA here. The coin is now part of the stock market and rapid price movements can occur.
GALA is poised to compete with successful blockchain games like Axie Infinity. For example, on Axie Infinity, the price of Axie went up to 300 Ethereum (ETH). On Illuvium (ILV), the price of its own ILV token dropped from $ 33.30 to $ 613 in less than 3 months.
GALA, on the other hand, gained traction after being listed on Binance. Regardless, we can see that the project has gained momentum, having created its platform over the past few months. The revival of the NFT sector is also helping.
What is GALA cryptocurrency?
The main NFT offered by GALA is called VOX. He made his first VOX sale in less than 8 minutes. The demand was so great that the congestion of the network resulted in high gas charges.
With the development of NFT and the win-to-play market, the future of GALA looks bright as well.
