What is Mina crypto? Know its price prediction

February 15, 2022 09:29 PM AEDT | By Raza Naqvi

What is MINA crypto?

The MINA crypto is the native token of Mina Protocol, and it acts as a utility token as well as a medium of exchange. Notably, Mina claims to be the world's lightest blockchain, and it uses advanced cryptography instead of brute computing force.

Generally, blockchains are heavy and require intermediaries to run nodes for verification. However, the entire blockchain's size is 22kb, which allows users to connect peer-to-peer, sync, and verify the change.

Users of Mina Protocol validate transactions like a full node while syncing the chain, and anyone can take part in proof-of-stake consensus.

Last year, Polygon and Mina Foundation announced that they would enable privacy-preserving applications on Polygon. Both the networks announced they would bring enhanced privacy, verifiability, and privacy.

Bottom line

The MINA crypto has a total supply of 824.1 million tokens, and its circulating supply is 378.1 million MINA tokens. Those interested in getting hold of this cryptocurrency could visit cryptocurrency exchanges like Gate.io, Mandala Exchange, Binance, and OKX.

It appears that the price surge is due to FTX's announcement and could disappear within the next few days. In the last seven days, MINA crypto's price declined by 9.2 per cent and 20.1 per cent in a month.

At the time of writing, the virtual currency was down by 72 per cent in comparison to an all-time high of US$ 9.91 per token on June 1, 2021.

Also Read: Ice Poseidon 'crypto scam': All you need to know

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