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MINA is one of the best performing assets on the market today. Digital assets are achieving huge gains as investor excitement continues. However, what are the upside prospects for this new coin, and what can interested investors expect?
MINA Outperforms the Market
MINA is the native token for the Mina Protocol – a blockchain variant that seeks to optimize transaction speed and security. The Mina protocol is unique in that it is a lightweight blockchain that maintains a constant block size of only 22 kb regardless of the number of transactions made to it.
By this measure, the blockchain protocol hopes to enable anyone to operate a node and secure its network without the need for special computer hardware. By keeping the block size very small, Mina wants to overcome the scalability issues that have plagued many blockchain platforms in the past.
The MINA token is used to process transactions and distribute fees between users. It is currently trading at $0.8764, which is an impressive 34.15% gain in the last 24 hours. Considering that the broader market is only up 1.18% in the same period, it’s easy to see why MINA is such an attractive asset for many investors.
The price increases for MINA are also helping the asset’s technicals. Currently, MINA is approaching most of its short term moving averages (MAs), especially the 10-day MA of $0.877. However, as expected, MINA is trading well above its long term MA indicator.
With the positive moving average (MACD) convergence divergence, MINA issued a buy signal. However, the rise in assets in the short term has led to a massive influx of investors, causing the MINA relative strength index (RSI) to jump to 61.25, approaching overbought territory.
Mina Protocol Increases Scalability
The spike in the MINA price can easily be attributed to the current market dynamics. Following a relatively strong weekend, Crypto prices appear poised for even more gains, citing investors. And being a small cap coin, MINA seems to have moved significantly due to increased liquidity.
However, the Mina Protocol also had a hand in this. The network recently released a proof of concept that will allow anyone to run a web node for blockchain in their browser. According to blockchain developers, this could be of great help in optimizing scalability for blockchain platforms across the mobile and Web3 space.
Higher scalability will increase the functionality of the Mina Protocol, which, in turn, will help see the price of MINA rise.
An Impressive MINA Alternative
While MINA continues to impress investors, there are several assets that could also provide impressive returns in the future.
One of them is CCHG, the crypto token for C+Charge – a new blockchain project building a robust peer-to-peer (P2P) payment ecosystem for EV charging stations. Digital assets can be used as a payment method for electric vehicles, offering enormous value to EV owners. Its presale has raised over $460,000, with early investors picking up the asset at a current valuation of $0.013.
Visit CCHG
Another good option to consider is FGHT. These move-to-earn tokens will act as rewards for Fight Out users. Its presale has been one of its most impressive yet, with over $3.6 million raised so far.
BUY FGHT
Lastly, MEMAG, one of the hottest presales on the market, is another coin to consider. The digital asset was developed by Meta Masters Guild– one of the fastest growing cryptocurrency blockchain gaming platforms in 2023. The token has raised over $2 million so far in a matter of weeks.
Visit the link below to learn more about the Meta Masters Guild and how to invest.
Visit Meta Masters Guild Here
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