Is MINA A Good Pick For Long Term?

Mina is a succinct blockchain that uses the account model of Ethereum and the Ouroboros Samasika PoS mechanism. It has been described as the world’s lightest blockchain as its size remains constant despite the growth in its usage. 

It has a system that keeps track of each block and checks the agreement. Moreover, it uses a parallel scan state to optimize transaction speed.

Mina crypto price demonstrates a short-term accumulation near the recent swing high over the daily chart. The price currently trades at $0.7366 with an intraday loss of 2.11%. The short-term outlook is bullish above the key EMAs of 50-day and 200-day.

Moreover, the trend analysis over the daily chart suggests an optimistic outlook in the long term. The price hovers above the 200-day EMA and forms a positive price action. A golden crossover has also been observed on the charts which further adds confirmation about the strength in the trend.  

Mina Price Prediction 2023

Moreover, the volume analysis states that the Mina Crypto has received $41.686 Million in volume in the past 24 hours which is 37.66% less than the last day. It has a market cap of $744.81 and ranks 74th among cryptos. The volume to market cap ratio is 5.98% indicating low volatility in the market. 

 The price prediction for 2023 showcases a neutral to bullish outlook indicating an upside potential of nearly 21.48%. The price may reach $0.897 by year-end. Moreover, the pessimistic view of analysts expects the price to drop to $0.574. 

Mina Price Prediction 2024

As per the analysts, the most optimistic target that the Mina price may achieve is $1.617; indicating an upside potential of 121.14% from the CMP. The average analyst price target to be attained is $1.259 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.992.  

Mina Price Prediction 2025

According to the most optimistic analysts’ projections, the MINA price can reach up to $2.476 in the next three years as its peak value. The price may surpass $2.111 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $1.689.

Mina Price Prediction 2026 

If the crypto market favors a bullish scenario, the MINA price could soar to $3.179 at its highest level. On the flip side, the most pessimistic view of the analysts expects the price to reach $2.37 by 2026. 

Mina Price Prediction 2027

The most bullish analysts foresee a potential value of $4.164 by the year 2027. The minimum price target that the MINA crypto may achieve by 2027 is $3.07. 

Mina Price Prediction 2028

The price forecast of Mina crypto shows that it may reach a high of $5.335 by 2028 if positive conditions prevail in the crypto market. By 2028, the analysts’ negative forecast for MINA is $3.841.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.