Key Takeaways
MINA struggled in the summer of 2024, falling to an all-time low in August. Since then, though, it has recovered and on Dec. 17, 2024 ,MINA was worth about $0.799, very slightly higher than its price 12 months earlier
Let’s look at our Mina price predictions, made on Dec. 17, 2024. We will also examine the MINA price history and briefly discuss what Mina is and what it does.
Let’s take a look at our Mina price predictions made by CCN on Dec. 17, 2024. While we take the utmost care with our price forecasts, we do need to remind you that price predictions, especially for something as potentially volatile as crypto, can often turn out wrong.
Minimum MINA Price Prediction | Average MINA Price Prediction | Maximum MINA Price Prediction | |
---|---|---|---|
2025 | $0.62 | $1.50 | $2.41 |
2026 | $0.85 | $2 | $3.20 |
2030 | $1.50 | $4 | $6.50 |
MINA’s 2025 price outlook is driven by its recent breakout and bullish momentum, supported by Fibonacci extensions, particularly targeting $1.15 to $2.41 as part of a potential wave five rally.
A strong hold above key support zones at $0.67 and $0.62 will prevent deeper corrections, while increasing adoption and investor interest could push prices toward the upper range.
By 2026, MINA could benefit from broader market recovery and continued ecosystem growth, driving prices toward an average of $2. As the market matures, MINA’s fundamentals and adoption among developers may support a maximum price of $3.20, while corrections or global economic uncertainties could keep the minimum price around $0.85.
For 2030, MINA’s long-term growth potential is fueled by technological advancements, blockchain adoption, and its ability to scale efficiently. If it becomes a key player in the crypto landscape, prices could surge to $6.50, while average investor confidence and steady growth could sustain around $4, with a downside scenario settling near $1.50.
MINA has been in an uptrend since August, completing a five-wave rally before entering a correction. The price broke out of a long-term downtrend, signaling potential for further gains.
On Dec. 6, MINA hit $1 before retracing to $0.70 and rebounding. A breakout above key resistances could push the price towards $2.41.
Currently consolidating near after breaking the 0.236 Fibonacci retracement point at $0.67, MINA needs to hold above this zone to target $0.84 and $1.00 resistances. Volume remains moderate, requiring stronger confirmation for a sustained upward move.
The ongoing correction suggests a potential wave four retracements near $0.67 or $0.62. A bounce from these levels could trigger a wave five rally toward $1.15.
MINA must reclaim the $0.84 and $1 resistance points for bullish continuation, validating higher targets. Low volume indicates a healthy correction, but stronger momentum is needed for confirmation. The Mina price prediction for the next 24 hours depends on whether that momentum arrives.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
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A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Dec. 17, 2024, Mina’s ATR was 0.0835, suggesting relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Dec. 17, 2024, the Mina RSI was at 48, indicating very slightly bearish conditions.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Dec. 17, 2024, Mina scored XXX on the CCN Index, suggesting average momentum.
Mina is a smart contract platform, so let’s compare its performance with that of other cryptos in the same category and with similar market caps.
We looked at the Mina price history and found the best times to buy Mina.
Day of the Week | Wednesday |
Week | 32 |
Month | October |
Quarter | Fourth |
Now, let’s examine some key dates in the Mina price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a Mina price prediction.
Time period | Mina Price |
---|---|
Last week (Dec. 10, 2024) | $0.7918 |
Last month (Nov. 17, 2024) | $0.7045 |
Three months ago (Sept. 17, 2024) | $0.4312 |
One year ago (Dec. 17, 2024) | $0.7799 |
Launch price (June 1, 2021) | $9.91 |
All-time high (June 1, 2021) | $9.91 |
All-time low (Aug. 5, 2024) | $0.3358 |
The market capitalization, or market cap, is the sum of the total number of TWT in circulation multiplied by its price.
On Dec. 17, 2024, Mina’s market cap was $943 million, making it the 114th-largest crypto by that metric.
On Dec. 17 2024, one wallet held nearly 15% of the MINA supply.
As of Dec. 17 2024, the five wallets with the most MINA were:
Supply and distribution | Figures |
---|---|
Total supply | 1,203,956,407 |
Circulating supply as of Dec. 17, 2024 | 1,105,109,384 (91.78% of total supply) |
Holder distribution | The top 10% of holders owned 39.61% of the supply as of Dec. 17, 2024. |
Mina says it is designed to be the “ideal” blockchain in its technical documentation or whitepaper.
It says: “Early blockchains, like Bitcoin and Ethereum, accumulate data over time and are currently hundreds of gigabytes in size. As time goes on, their blockchains will continue to increase in size. The entire chain history is required to verify the current consensus state of these networks.
“With Mina, the blockchain always remains a constant size — about 22KB (the size of a few tweets). It’s possible to verify the current consensus state of the protocol using this one recursive, 22KB zero-knowledge proof. This means participants can quickly sync and verify the current consensus state of the network.”
Blockchains are, by definition, big things. For instance, Bitcoin is more than 600 GB in size, while Ethereum is around 1,200 GB. While this gives them a certain power, there are disadvantages. They take up a lot of bandwidth, which makes it hard for regular users to access them. Larger blockchains can also be prone to slowing down, which makes them more expensive.
Mina aims to solve these problems by being incredibly small. The Mina blockchain, founded by computing experts Evan Shapiro and Izaak Meckler in 2017, is about 22 kb—the same size as a couple of tweets.
The MINA coin is the blockchain’s native token.
Mina uses a Proof-of-Stake (PoW) consensus mechanism. This means that people are selected to verify transactions and add blocks to the blockchain based on how much MINA they hold.
Things called Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge or zk-SNARKs, keep Mina small. zk-SNARKs are a form of cryptographic proof generated by a new block on the blockchain, proving that the block was valid.
In turn, users, or nodes, can store the zk-SNARK to show the block’s validity rather than storing a copy of the entire chain. This means the entire block’s transaction history is shown as being valid. In turn, this means the size of the block is around one kilobyte. This means that the system can operate without slowdown, at least in theory.
Mina has three different types of users. Verifiers interact with zk-SNARKs, allowing them to operate. Block producers stake and mine MINA and put transactions into blocks. Snarkers make zk-SNARKs.
Block producers pay them for their snarks. However, there is a de facto auction for zk-SNARKs, since block producers would like to get their zk-SNARKs as cheaply as possible, and snarkers want block producers to get as much as they can for their work.
This means different snarkers can apply to work with the same block producers, and the block producers will decide which snarker offers the best value for money.
MINA pays for transactions on the blockchain. It can interact with decentralized applications (DApps). People can also buy, sell, and trade MINA on exchanges.
It is hard to say. The coin has performed well recently, but we don’t know if it can maintain its momentum.
On the other hand, Mina is an active blockchain that offers investors and developers something different. This may help it stand out in an increasingly crowded market.
As always with crypto, you should do your research before deciding whether or not to invest in MINA.
No one can tell right now. While the Mina crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Mina, you will have to do your research, not only on MINA but on other coins and tokens such as Solana (SOL) and Cardano (ADA). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
According to our MINA price predictions, Mina won’t reach $10 until at least the 2030s, if ever. Please note that MINA has never traded at $10. Its highest ever price, $9.91, came on its first day of trading, June 1 2021. MINA holders can add blocks to the mina blockchain, and the coin pays for transactions on the network. People can also buy, sell, and trade MINA on crypto exchanges. Will Mina reach $10?
What is Mina used for?