MINA Prints 88% Growth, What Is Behind This Rally?
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Mina Protocol (MINA), branded as the world’s lightest blockchain network, is leading the altcoin resurgence today following its mega 88% rally in the past 24 hours. Atop this price surge, the coin’s price is now pegged at $0.7712 as it looks to retest its year-to-date (YTD) high of around $1.17.

MINA 1D Chart. Source: CoinMarketCap

The MINA resurgence is a testament that though an altcoin can ignite a rally based on Bitcoin’s influence, the pace can be triggered by its own fundamentals and community leanings across the board. MINA has outpaced the major altcoins, and by its current price action, it has complemented the gains accrued over the trailing seven-day period, jumping as high as 109% in that time frame.

MINA is designed to curtail computational requirements in order to run dApps more efficiently. Since its launch, it has grown a very robust ecosystem and community of users who rely on its speed, efficiency and low computation power.

MINA has recorded an impressive embrace over recent years, and while it remains a mid-cap altcoin, it is considered one of the digital currencies whose technology stack is vital for the evolution of the broader crypto industry.

MINA growth trajectory

MINA is riding the trail of the zk-rollup hype as it looks to capitalize on the technology many believe will reshape the future of the blockchain ecosystem.

MINA has been facing an impressive embrace from different market participants, especially exchanges. As reported back in July, the MINA/BTC trading pair was listed by Upbit, sending its price up by 17% at the time. This listing complements some of the efforts of the protocol to compete with the more liquid Ethereum Layer-2 protocols like Polygon, known to champion the zero-knowledge initiatives.

With the current growth outlook, MINA is eyeing the resistance level at $1, a level that can propel unprecedented growth if breached.

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