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Today I bring you a possible Gem, about which so much has been said in recent days.
Is it possible that it is a Gem and that it is profitable?
We will see now.
Remember that this review is made with the purpose of giving you the most relevant information about this project and thus help you make a decision, since this way you can make the best decision whether or not to invest in it, but I just want you to understand that it is only information and that the only person responsible for your investments are you.
WHAT IS MINA PROTOCOL?
So far it is the lightest blockchain that exists, since said network has a size of 22 kb against chain sizes of 300 GB such as that of Bitcoin.
They define themselves as a “succinct blockchain”, which means that it is built to reduce computational requirements to the minimum possible without affecting the efficiency in the execution of smart contracts and decentralized applications.
It is a project that was born a couple of years ago, but it was not until this year 2021 that its native token came to light.
Highlights of Mina Protocol:
- For payment, it can be used as payment mechanisms with MINA's native token due to its speed and low fees.
- Succinct protocol, this allows validation to take place much faster and users can track movement on the network.
- Validation through Snaker, this is an equivalent to a miner in other networks which ensure that the network is in correct operation.
- Parallel scanning, this groups the blocks of the chain which makes transactions much faster.
ADVANTAGES OF MINA PROTOCOL
Among the highlights of this project we find the following:
- Supply , this can be considered relatively small compared to its competitors. It currently has 149 million in circulation out of a possible maximum of 824 million tokens.
- Solutions to existing problems in other networks , this offers a decentralized network that has the purpose of being scalable and secure, which is one of the problems that are evident in Ethereum, especially that of scalability.
- Fast, transaction confirmations take less than 1 second, this is due to the fact that the sizes of the validation blocks are much smaller than those of other networks.
- Excellent capitalization, it has only a few days in the market and it already has a capitalization of 636 million dollars, placing it very close to the top 100 which makes it very visible to investors.
- Innovation, implements a technology that was not on the market until then, which makes it a pioneer and this can help attract new investors.
DISADVANTAGES OF MINA PROTOCOL
Like all projects on the market, there are negative aspects or difficulties that must be overcome to achieve a position in the market. How are the following aspects:
- Competition , it is in one of the most competitive niches in the market since it is a blockchain which makes it a direct competition from projects that are already positioned such as Cardano, Polkadot, Ethereum, Solana, Cosmo, among others.
- Pre-sale , this project was offered for pre-sale on the Coinlist portal but the allocation was not fair, as reported by several users who were opting for the token on the waiting list. This caused some suspicion. It should be noted that poor distribution was in charge of CoinList, but after this event users made a smear campaign on social networks to Mina Protocol.
- Demonstration, since it is a project that has just been launched on the market, it must demonstrate the efficiency of its technology, which an investment in a project without demonstration can be considered risky for many investors.
- Small community, in social networks they do not have as many followers as other projects and the telegram community is relatively small, this may be because the project is new. However, the size of the community is considered by investors as a relevant factor.
MINA PROTOCOL PRICE PREDICTION
As it is a new project, we only found a prediction of its price, which was elaborated by applying algorithms that take into account various market factors, however, they do not consider certain aspects of the market, therefore these estimates should only be considered as a reference. since they can fall short by not taking into account the fomo, market trend, news, among other factors.
Digital Coin Price Prediction Here
- End of 2021: USD 6.74
- 2022: $ 7.62
- 2023: USD 9.67
- 2024: $ 11.68
- 2025: $ 13.49
- 2026: USD 15.43
- 2027: $ 17.53
- 2028: $ 19.96
WHERE TO BUY MINA PROTOCOL?
The native token of this project can be found on various exchange platforms with the Mine ticket in the following:
- OKex.
- Kraken.
- Gate.io
- Coinlist.
IS MINA PROTOCOL WORTH BUYING?
The information I bring you is for educational purposes only, so the decision to invest in it or not is your responsibility.
This is a blockchain project that looks quite promising, but being new, it has a lot to show for which only time will tell if it is as powerful as your team mentions.
It is also quite complex to know which would be the ideal entry because there is not a history in the graph broad enough to identify which would be the possible floor. Therefore, if you are interested in this project, the best thing to do would be to make purchases in a staggered manner.
If you found the article useful or helped you make decisions or if you have taken advantage of this information and want to make a donation, we appreciate your support and you can make it in any crypto in the BEP20 network. Thank you for reading.
BEP20 Network: 0xd8c2dee8bB8755b8259bef9837976FC024d0755F
